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CITIC provides grant worth 1.5 billion kyats to support rural development projects in Kyaukphyu (linked to Record ID#s #39236 and #39237)
| Funder | CITIC Group Corporation Ltd. |
|---|---|
| Recipient Organization | Myanmar Ministry of Livestock, Fisheries and Rural Development |
| Country | Myanmar |
| Start Date | Jan 01, 2014 |
| End Date | May 06, 2029 |
| Duration | 5,604 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 38442 |
Grant Description
On February 4, 2015, China International Trust and Investment Corporation (CITIC) launched village public welfare projects in cooperation with the Myanmar Ministry of Livestock, Fisheries and Rural Development.
The poverty-alleviation projects were implemented in 50 villages in the town of Kyaukphyu (within Rakhine State) and they were aimed at helping the villagers boost production and improve their livelihoods.
The public welfare projects were implemented under a November 2014 memorandum of understanding between CITIC and the Myanmar Ministry of Livestock, Fisheries and Rural Development, in which CITIC agreed to provide 1.5 billion kyats of grant funding. CITIC's donation for the project also included the donation of three working vehicles.
Other activities by CITIC aimed to aid rural development in Myanmar include the construction of primary schools (recorded in Record ID#39236 ) and "Love clinics" (recorded in Record ID#39237).
Sources & References
- 中信集团提供乡村公益基金贷款支持缅甸边远乡村发展
- Chinese firm distributes next half of loan to villages in Myanmar
- CITIC Construction Co Ltd
- Chinese firm launches village public welfare projects in Myanmar
- 中信集团将在缅甸边远地区启动“公益乡村基金”计划
- Chinese firm launches village public welfare projects in Myanmar 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
Myanmar Ministry of Livestock, Fisheries and Rural Development
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