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China Eximbank provides $200 million preferential buyer’s credit for various infrastructure and socioeconomic development projects (linked to Record ID#s #35600 and #73288)
| Funder | Export-Import Bank of China (China Eximbank) |
|---|---|
| Recipient Organization | Government of Myanmar (Burma) |
| Country | Myanmar |
| Start Date | Jun 08, 2006 |
| End Date | Mar 14, 2030 |
| Duration | 8,680 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 49953 |
Grant Description
China Eximbank provides $200 million preferential buyer’s credit for various infrastructure and socioeconomic development projects On June 8, 2006, China Eximbank and the Government of Myanmar signed a general loan agreement on the utilization of a USD $200 million preferential buyer's credit (PBC) for various infrastructure and socioeconomic development projects.
This loan agreement was originally committed to during a visit to Beijing by Myanmar Prime Minister Gen. Soe Win in February 2006.
At least two subsidiary (individual) loan agreements were issued for the Drillings Rigs and Oil Fields Equipment Project (captured in Record ID#73288) and the No. 4 Urea Fertilizer Factory (Myaungtagar) and No. 5 Urea Fertilizer Factory (Kangyidaunt) Construction Project (captured in Record ID#35600).
In total, 5 different government agencies intended to make use of the general loan agreement.
Sources & References
- Sino-Myanmar Economic Relations Since 1988
- ANNEX 1 – Data on Aid Flows from Non-DAC Countries to Selected Countries in East Asia
- 中缅签署2亿美元出口优惠买方信贷总协议
- China to provide Myanmar with US$200m loan 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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