Burma foreign debt US$ 11 billion

Burma's national debt was estimated at $7.37 billion in 2009. While its finances are currently in shambles, an IMF report in January said Burma could be Southeast Asia’s next financial frontier, because of its vast energy resources and untapped work force, many of whom speak English. China had lent Burma the most in the post-1988 era, at about $2 billion, the minister was quoted as saying.Burma owes more than US$ 11 billion in foreign debt in loans that were made prior to 1988, its finance minister told Parliament this week.