Active Development AidData Chinese Aid

Chinese Government provides RMB 300 million interest-free loan — via November 2006 ETCA — for unspecified projects

¥300M RMB

Funder	China Ministry of Commerce
Recipient Organization	Government of Myanmar (Burma)
Country	Myanmar
Start Date	Nov 23, 2006
End Date	Nov 23, 2026
Duration	7,305 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`34279`

Grant Description

Chinese Government provides RMB 300 million interest-free loan — via November 2006 ETCA — for unspecified projects On November 23, 2006, the Chinese Government and the Government of Myanmar signed an Economic and Technical Cooperation Agreement (ETCA), which committed an RMB 300 million interest-free loan for unspecified purposes.

On this date, China also agreed to forgive a Myanmar debt valued at 240 million CNY (recorded in Record ID#34278).

📋 Staff Comments

Since loan terms for the interest-free loan are unavailable, AidData has set maturity period to 20-years by default and grace period to 10-years by default per China's Foreign Assistance White Paper (http://www.cidca.gov.cn/2018-08/06/c_129925064_3.htm) which states that the maturity period of interest-free loans is 20-years, with a drawdown period of 5-years, grace period of 5-years, and repayment over 10-years. AidData treats the drawdown period as providing 5-years of additional grace.

📚 Sources & References

DJ China Grants Myanmar Some Debt Relief
Low-Interest Loan
China-Southeast Asia Relations: Summitry at Home and Abroad
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.

All Grantees

Government of Myanmar (Burma)

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