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Overview

CITIC to create 50 “CITIC Hope Primary Schools” in rural Myanmar (Linked to Record ID#38442 and #39237)

Commitment Year•2014Country of Activity•MyanmarSector•EducationFlow Type•Grant

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date
Jul 7, 2014
End (planned)
Jul 4, 2014

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.

Implementing agencies

Government Agencies

  • Government of Myanmar (Burma)

Loan description

CITIC to create 50 “CITIC Hope Primary Schools” in rural Myanmar (Linked to Record ID#38442 and #39237)

Narrative

Full Description

Project narrative

On 4 July 2014 Group Assistant President and Chair of CITIC Hong Bo and Mr. Ohn Myint, Minister of Livestock, Fisheries and Rural Development in the capital of Myanmar, met in Nay Pi Daw to sign “The MOU of Myanmar Rural Area Development Program Donated by CITIC Group and CP Group” and to launch the “Village Fund Project”. The three promoters of the projects are CITIC, Myanmar and CP Group of Thailand. With regard to the project, CITIC committed to donate 50 “CITIC Hope Primary Schools” and provide training for the teachers in order to improve basic education in Myanmar’s rural area. CITIC is involved in rural development in Myanmar also through additional projects, such as concession of loans (#38442) and construction of clinics (#39237)