Chinese Government provides RMB 30 million interest-free loan for unspecified agricultural activities

¥30M RMB

Funder	China Ministry of Commerce
Recipient Organization	Government of Myanmar (Burma)
Country	Myanmar
Start Date	Jul 01, 2000
End Date	Apr 16, 2029
Duration	10,516 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`49934`

Grant Description

Chinese Government provides RMB 30 million interest-free loan for unspecified agricultural activities In July 2000, during the state visit of Vice-President Hu Jintao in Myanmar, the Chinese Government provided a RMB 30 million interest-free loan to the Government of Myanmar for unspecified agricultural activities.

📋 Staff Comments

Since loan terms for the interest-free loan are unavailable, AidData has set maturity period to 20-years by default and grace period to 10-years by default per China's Foreign Assistance White Paper (http://www.cidca.gov.cn/2018-08/06/c_129925064_3.htm) which states that the maturity period of interest-free loans is 20-years, with a drawdown period of 5-years, grace period of 5-years, and repayment over 10-years. AidData treats the drawdown period as providing 5-years of additional grace.

📚 Sources & References

Sino-Myanmar Economic Relations Since 1988
Sino-Myanmar Economic Relations Since 1988 Loan applications and disbursements are still being received and processed as the projects continue to evolve. Ongoing monitoring and evaluation are in place to ensure project continuity.