http://www.nkeconwatch.com/2006/01/01/dprk-wins-the-wooden-spoon-again/ News and analysis of the North Korean economy Thu, 09 Feb 2012 18:43:42 +0000 hourly 1 http://wordpress.org/?v=3.2.1 http://www.nkeconwatch.com/2006/01/01/dprk-wins-the-wooden-spoon-again/#comment-779 North Korean Economy Watch » Blog Archive » Russia to forgive DPRK debt Thu, 30 Nov 2006 18:00:26 +0000 http://www.nkeconwatch.com/2006/01/01/dprk-wins-the-wooden-spoon-again/#comment-779 [...] It could just be a simple financial decision that the two sides have decided to close the books on these particular loans.  The DPRK is still in default from loans it took in the 1970s (Japan is still waiting).  In the face of US led financial isolation, these outstanding loans give the DPRK a powerful incentive to settle its accounts so it can attract more banking services.   [...] [...] It could just be a simple financial decision that the two sides have decided to close the books on these particular loans.  The DPRK is still in default from loans it took in the 1970s (Japan is still waiting).  In the face of US led financial isolation, these outstanding loans give the DPRK a powerful incentive to settle its accounts so it can attract more banking services.   [...]

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