Completed Development AidData Chinese Aid

Chinese Government provides RMB 60 million interest-free loan to Myanmar— via March 2004 ETCA — for acquisition and installation of 200 electric water pumps (Linked to Record ID#64759)

¥60M RMB

Funder	China Ministry of Commerce
Recipient Organization	Myanmar Ministry of Agriculture, Animal Husbandry, and Irrigation
Country	Myanmar
Start Date	Mar 24, 2004
End Date	Oct 30, 2029
Duration	9,351 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`49942`

Grant Description

Chinese Government provides RMB 60 million interest-free loan to Myanmar— via March 2004 ETCA — for acquisition and installation of 200 electric water pumps On March 24, 2004, the Chinese Government and the Government of Myanmar signed an Economic and Technical Cooperation Agreement (ETCA), which committed an RMB 200 million interest-free loan for multiple projects (recorded in Record ID#64759).

The proceeds of the loan were used by various government ministries in Myanmar.

The Ministry of Agriculture and Irrigation used RMB 60 million of the loan proceeds to facilitate the acquisition and installation of 200 electric water pumps, which is recorded in this project.

📋 Staff Comments

1. Since the borrowing terms of the interest-free loan are unavailable, AidData has set the maturity to 20-years by default and grace period to 10-years by default p, er China's Foreign Assistance White Paper (http://www.cidca.gov.cn/2018-08/06/c_129925064_3.htm) which states that the maturity 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

Sino-Myanmar Economic Relations Since 1988
Sino-Myanmar Economic Relations Since 1988 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.