Completed Development AidData Chinese Aid

Chinese Government cancels RMB 240 million of the Government of Myanmar’s outstanding obligations (Linked to Record ID#34279)

¥240M RMB

Funder	China Ministry of Commerce
Recipient Organization	Government of Myanmar (Burma)
Country	Myanmar
Start Date	Nov 23, 2006
End Date	Jan 05, 2030
Duration	8,444 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`34278`

Grant Description

On November 23, 2006, the Chinese Government and the Government of Myanmar signed a debt exemption protocol, which cancelled RMB 240 million of the Government of Myanmar’s outstanding obligations. The agreement was signed during a visit to Myanmar by China’s deputy minister for commerce, Chen Jian.

This project is linked to Record ID#34279, which records a loan signed at the same time as this debt exemption protocol.

📋 Staff Comments

1. The loans forgiven through this action were almost certainly interest-free loans committed through previous ETCAs that were signed by the two governments. As such, the loans likely had maturity lengths of 20-years and since they had reached maturity by 2006, they were likely contracted prior to 2000. Therefore, AidData has not assigned this record to the umbrella category (as there is little risk of double counting the monetary value of the debts that were forgiven).

📚 Sources & References

DJ China Grants Myanmar Some Debt Relief
Low-Interest Loan
China grants Myanmar partial debt relief and low-interest loan
China Grants Loan
Debt Relief to Burma
China grants Myanmar partial debt relief and low-interest loan Loan applications and disbursements are still being received and processed as the projects continue to evolve. Ongoing monitoring and evaluation are in place to ensure project continuity.