Overview

CITIC provides grant worth 1.5 billion kyats to support rural development projects in Kyaukphyu (linked to Record ID#s #39236 and #39237)

Commitments (Constant USD, 2023)$1,562,794

Commitment Year•2014Country of Activity•MyanmarDirect Recipient Country of Incorporation•MyanmarSector•Agriculture, Forestry, FishingFlow Type•Grant

Status

Project lifecycle

Implementation

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Jan 1, 2014

Start (planned): Nov 1, 2014

Start (actual): Feb 4, 2015

Geospatial footprint

Map overview

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This project involved the implementation of rural development projects in 50 villages in the town of Kyaukphyu (within Rakhine State). More detailed locational information can be found at: https://www.openstreetmap.org/relation/5996666

Stakeholders

Organizations involved in projects and activities supported by financial and in-kind transfers from Chinese government and state-owned entities

Funding agencies

State-owned companies

CITIC Group Corporation Ltd.

Receiving agencies

Government Agencies

Myanmar Ministry of Livestock, Fisheries and Rural Development

Implementing agencies

Government Agencies

Myanmar Ministry of Livestock, Fisheries and Rural Development

Loan description

CITIC provides grant worth 1.5 billion kyats to support rural development projects in Kyaukphyu (linked to Record ID#s #39236 and #39237)

Narrative

Full Description

Project narrative

On February 4, 2015, China International Trust and Investment Corporation (CITIC) launched village public welfare projects in cooperation with the Myanmar Ministry of Livestock, Fisheries and Rural Development. The poverty-alleviation projects were implemented in 50 villages in the town of Kyaukphyu (within Rakhine State) and they were aimed at helping the villagers boost production and improve their livelihoods. The public welfare projects were implemented under a November 2014 memorandum of understanding between CITIC and the Myanmar Ministry of Livestock, Fisheries and Rural Development, in which CITIC agreed to provide 1.5 billion kyats of grant funding. CITIC's donation for the project also included the donation of three working vehicles. Other activities by CITIC aimed to aid rural development in Myanmar include the construction of primary schools (recorded in Record ID#39236 ) and "Love clinics" (recorded in Record ID#39237).