Project ID: 38442

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

Commitment amount

$ 1687052.3912257086

Adjusted commitment amount

$ 1687052.39

Constant 2021 USD

Summary

Funding agency [Type]

CITIC Group Corporation [State-owned Company]

Recipient

Myanmar

Sector

Agriculture, forestry, fishing (Code: 310)

Flow type

Grant

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

Implementation (The next section lists the possible statuses.)

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment

2014-01-01

Planned start

2014-11-01

Actual start

2015-02-04

NOTE: Red circles denote delays between planned and actual dates

Geography

Description

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 project #39236 ) and "Love clinics" (recorded in project #39237).

Number of official sources

3

Number of total sources

6

Download the dataset

Details

Cofinanced

No

Direct receiving agencies [Type]

Myanmar Ministry of Livestock, Fisheries and Rural Development [Government Agency]

Implementing agencies [Type]

Myanmar Ministry of Livestock, Fisheries and Rural Development [Government Agency]