Active Development AidData Chinese Aid

China Development Bank offers line of credit worth EUR 540 million for various activities

€540K EUR

Funder	China Development Bank (CDB)
Recipient Organization	Government of Myanmar (Burma)
Country	Myanmar
Start Date	May 27, 2011
End Date	Apr 27, 2028
Duration	6,180 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`43217`

Grant Description

China Development Bank offers line of credit worth EUR 540 million for various activities On May 27, 2011, during a meeting in Beijing between the civilian President of Myanmar, Thein Sein and Chinese Premier Wen Jiabao, the two signed a number of agreements, including a cooperation framework agreement for a line of credit to Myanmar via the China Development Bank.

The intended recipient is Myanmar’s Ministry of Taxation and Finance. The line of credit is worth 540 million euros and is for unspecified projects.

📋 Staff Comments

On May 28, 2011, China and Myanmar signed a Memorandum of Understanding on the construction of Muse-Kyaukpyu railway. As such, some sources indicate that the purpose of this credit line was to finance the 810-kilometer-long Muse-Kyaukpyu railway line on a build, operate and transfer (BOT) basis.

📚 Sources & References

Burma: President Thein Sein’s Visit To China – Analysis
Myanmar gets credit line agreements with China for over $765 million
With Myanmar Economy On The Rise
Indian Companies Want To Wrest Business Away From Dominant Chinese Rivals
中国中铁与缅甸签订铁路项目谅解备忘录补充协议
Project Timeline 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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