A senior leader of Myanmar's ruling military junta has urged those who have borrowed from crippled banks to repay their debts quickly to alleviate the plight of depositors and the country's economy. The New Light of Myanmar newspaper quoted Gen. Khin Nyunt, the No. 3 leader in the junta, as saying that the condition of crippled banks has improved in the last few weeks but much more needs to be done.
"I would like to urge those who have taken loans from the banks to strive to repay their debts speedily in consideration of those who have deposited money in the banks and to ensure the long-term interests of the banks and to strengthen the national economy,'' he was quoted as saying at the annual meeting of the Federation of Chamber of Commerce and Industry.
