China Eximbank and China Construction Bank provide export seller's credit for Yeni Pulp & Paper Mill Project

📋 Staff Comments

1. The Chinese project title is 缅甸耶尼制浆造纸项目 or 缅甸耶尼造纸厂.
2. The China Eximbank loan that supported this project is not included in the Overseas Development Finance Dataset that Boston University’s Global Development Policy Center published in December 2020. The face value of the export seller’s credit (i.e. the transaction amount) is unknown. For the time being, AidData has recorded the face value of the export seller’s credit as 85% of $81.5 million, given China Eximbank’s policy that an export credit can be used to finance up to 85% of the cost of a commercial contract.
3. China Chengda Engineering Co. Ltd. may have used the proceeds from the export seller’s credit that it secured to on-lend to the Government of Myanmar. However, this issue requires further investigation.

📚 Sources & References

• China to reach the company completed the construction of the Burma Yeni mills
• China Chengda yeni Myanmar to build paper mill completed
• Prime Minister attends opening of paper factory
• 业绩展示
• 缅甸总理登盛与叶大波大使共同出席中国公司承建的制浆造纸厂竣工典礼
• 中国公司承建的缅甸第二大制浆造纸厂竣工
• Modern China-Myanmar Relations Dilemma of Mutual Dependence
• 中国成达公司承建的缅甸耶尼造纸厂竣工
• Awards for Excellent Project Management and Project Turn-key Contracting
• Chengda
• The Yeni Paper Mill in Myanmar constructed by China Chengda
• Chengda Company's Myanmar Paper Project Held Groundbreaking Ceremony in Myanmar
• BAGO YOUNG CLOTHING LIMITED
• The New Light of Myanmar Volume XIV
• Number 6
• China Overseas Development Finance 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.