Chinese Government cancels RMB 100 million of the Government of Myanmar’s outstanding obligations (Linked to Project ID#67508)

On January 14, 2003, the Chinese Government and the Government of Myanmar signed a partial debt exemption protocol, which cancelled the Government of Myanmar’s outstanding obligations under two interest-free loans that it previously contracted: an interest-free loan worth RMB 100 million that the two governments signed on June 12, 1979 (as captured via Project ID#67509) and a loan worth GBP 27 million that the two governments signed on January 9, 1961 (as captured via Project ID#67508).

Additional details

1. This debt forgiveness project is not marked as an umbrella record since the original loan was contracted before 2000, so there is no risk of double counting. 2. The partial debt exemption protocol is known in Chinese as 中华人民共和国政府和缅甸联邦政府关于免除缅甸联邦政府部分债务的议定书.

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