Project ID: 34278

Chinese Government cancels RMB 240 million of the Government of Myanmar’s outstanding obligations (Linked to Project ID#34279)

Commitment amount

$ 61169695.50761152

Adjusted commitment amount

$ 61169695.51

Constant 2021 USD

Summary

Funding agency [Type]

China Ministry of Commerce [Government Agency]

Recipient

Myanmar

Sector

Action relating to debt (Code: 600)

Flow type

Debt forgiveness

Infrastructure

No

Category

Intent

Development (The next section lists the possible statuses.)

Commercial

Development

Representational

Mixed

Financial Flow Classification

ODA-like (The next section lists the possible statuses.)

Official Development Assistance

Other Official Flows

Vague (Official Finance)

Flows categorized based on OECD-DAC guidelines

Project lifecycle

Status

Completion (The next section lists the possible statuses.)

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment

2006-11-23

Actual start

2006-11-23

Actual complete

2006-11-23

Description

On November 23, 2006, the Chinese Government and the Government of Myanmar signed a debt exemption protocol, which cancelled RMB 240 million of the Government of Myanmar’s outstanding obligations. The agreement was signed during a visit to Myanmar by China’s deputy minister for commerce, Chen Jian. This project is linked to Project ID#34279, which records a loan signed at the same time as this debt exemption protocol.

Additional details

The loan(s) being forgiven in this project could be captured in other transactions in the dataset, so this debt forgiveness project has been marked as umbrella to avoid double counting the value of the debt forgiveness.

Number of official sources

0

Number of total sources

2

Download the dataset

Details

Cofinanced

No

Direct receiving agencies [Type]

Government of Myanmar (Burma) [Government Agency]