Chinese Government cancels RMB 240 million of the Government of Myanmar’s outstanding obligations (Linked to Project ID#34279)
Commitment amount
$ 53086308.73
Constant 2017 USD
Summary
Funding agency [Type]
China Ministry of Commerce [Government Agency]
Recipient
Myanmar
Sector
Action relating to debt (Code: 600)
Flow type
Debt forgiveness
Concessional
Yes
Category
Project lifecycle
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 unofficial sources
2
Details
Cofinanced
No
Receiving agencies [Type]
Government of Myanmar (Burma) [Government Agency]
Gurarantee provided
No
Insurance provided
No