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For foreign lenders, Myanmar is no zero-sum game
The international banks must partner one another to set up club loans that enable them to share the risk of borrowers' default
Published Sun, May 24, 2015 · 09:50 PM
Singapore
A FOREIGN bank setting up a branch in Yangon must take its first step together with eight other lenders, all eager to tap a country that has been in isolation for more than 50 years.
But international lenders noted that cooperation, not direct competition, will serve the greater good for now.
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