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DEBT SWAP PROGRAMME FOR DEVELOPMENT INITIATIVE- EXPERTS FUND

Myanmar

€ 131,335
Committed
€ 119,622
Used

Agency

MAE - DGCS

Channel reported

Central government

Description

On March 6th, 2013, the Governments of Italy and Myanmar signed two Agreements regarding Myanmar debt relief, for an oustanding amount of 4,87 milion euros. The former provided the cancellation of Myanmar debt towards Italy for an amount of EUR 2.43.462,28; the latter established to convert into development projects a share of Myanmar debt equal to EUR 2.431.811.82. The development project financeable through the Debt Swap Agreement will be focused in the poorest areas of Myanmar and in key priority sectors such as rural development, agriculture, health, education and environment. To facilitate the Debt Swap Agreement implementation, DGCS approved two technical assistance grant initiatives. The first one, for a total amount of EUR 251.863 is managed directly by the Embassy of Italy in Yangon and DGCS itself; while the second one foresees a EUR 137.212 funding to the United Nations Office for Projects and Services (UNOPS) in Myanmar. In accordance to the debt swap agreement, activities as the technical assessment of the proposal and the actual monitoring of the funded projects are entrusted to UNOPS. read more close

Year Committed Used
2015 € 67,865 € 69,282
2014 € 52,020 € 38,890
2013 € 11,450 € 11,450

Project data

  • Expected start date 27/10/2013
  • CRSID2013000196
  • Purpose Public sector policy and adm. management
  • Finance type Aid grant excluding debt reorganisation
  • Flow type Official Development Assistance
  • Bi/Multilateral Bilateral
  • Free Standing Technical Cooperation