Japan extends 30 bil. yen in loans to Mauritius after oil spill

Japan will extend up to 30 billion yen ($284 million) in loans to Mauritius to help its economy recover from the coronavirus pandemic and a major oil spill last year caused by a Japanese freighter.The agreement for the assistance was inked by Japanese Ambassador to Mauritius Shuichiro Kawaguchi and Renganaden Padayachy, Mauritius' minister of finance, economic planning and development, in Port Louis, the Foreign Ministry said.They also signed a separate agreement under which Tokyo will offer grant aid of 600 million yen to help Mauritius' efforts to boost disaster risk reduction at sea and …READ FULL ARTICLE