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Chinese Government provides RMB 30 million interest-free loan — via March 2004 ETCA — for the production of hydro turbine and generators (linked to Record ID#64759)
| Funder | China Ministry of Commerce |
|---|---|
| Recipient Organization | Myanmar Ministry of Industry |
| Country | Myanmar |
| Start Date | Mar 24, 2004 |
| End Date | Mar 25, 2029 |
| Duration | 9,132 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 49946 |
Grant Description
Chinese Government provides RMB 30 million interest-free loan — via March 2004 ETCA — for the production of hydro turbine and generators On March 24, 2004, the Chinese Government provided an RMB 200 million interest-free loan (captured in Record ID#64759) — through an Economic and Technical Cooperation Agreement (ETCA) — to the Government of Myanmar to support various projects and activities overseen by various government ministries.
Myanmar’s Ministry of Industry reportedly used RMB 30 million of the loan proceeds to support the production of hydro turbine and generators.
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.
All Grantees
Myanmar Ministry of Industry
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