Completed Development AidData Chinese Aid

Chinese Government cancels RMB 100 million of the Government of Myanmar’s outstanding obligations (Linked to Record ID#67508)

¥100M RMB

Funder	China Ministry of Commerce
Recipient Organization	Government of Myanmar (Burma)
Country	Myanmar
Start Date	Jan 14, 2003
End Date	Sep 09, 2028
Duration	9,370 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`67509`

Grant Description

On January 14, 2003, the Chinese Government and the Government of Myanmar signed a partial debt exemption protocol, which cancelled the Government of Myanmar’s outstanding obligations under two interest-free loans that it previously contracted: an interest-free loan worth RMB 100 million that the two governments signed on June 12, 1979 (as captured via Record ID#67509) and a loan worth GBP 27 million that the two governments signed on January 9, 1961 (as captured via Record ID#67508).

📋 Staff Comments

This debt forgiveness project is not marked as an umbrella record since the original loan was contracted before 2000, so there is no risk of double counting.
The partial debt exemption protocol is known in Chinese as 中华人民共和国政府和缅甸联邦政府关于免除缅甸联邦政府部分债务的议定书.

📚 Sources & References

李岚清副总理与缅甸国家和平与发展委员会秘书长举行会谈
中华人民共和国政府和缅甸联邦政府关于免除缅甸联邦政府部分债务的议定书, 6: Myanmar’s economic relations with China: who benefits and who pays?
Protocol of the Government of the People’s Republic of China and the Government of the Union of Myanmar on the Relief of Part of the Debt of the Union of Myanmar Government 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.