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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
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<SEC-DOCUMENT>0001136056-11-000024.txt : 20110311
<SEC-HEADER>0001136056-11-000024.hdr.sgml : 20110311
<ACCEPTANCE-DATETIME>20110311163451
ACCESSION NUMBER:		0001136056-11-000024
CONFORMED SUBMISSION TYPE:	D/A
PUBLIC DOCUMENT COUNT:		1
ITEM INFORMATION:		Rule 506
ITEM INFORMATION:		Investment Company Act Section 3(c)
ITEM INFORMATION:		Section 3(c)(7)
FILED AS OF DATE:		20110311
DATE AS OF CHANGE:		20110311
EFFECTIVENESS DATE:		20110311

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			GMO EMERGING COUNTRY DEBT, L.P.
		CENTRAL INDEX KEY:			0001011257
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE

	FILING VALUES:
		FORM TYPE:		D/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	021-69291
		FILM NUMBER:		11682575

	BUSINESS ADDRESS:	
		STREET 1:		40 ROWES WHARF
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02110
		BUSINESS PHONE:		617-330-7500

	MAIL ADDRESS:	
		STREET 1:		40 ROWES WHARF
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02110

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	GMO EMERGING COUNTRY DEBT LP
		DATE OF NAME CHANGE:	19960327
</SEC-HEADER>
<DOCUMENT>
<TYPE>D/A
<SEQUENCE>1
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        <cik>0001011257</cik>
        <entityName>GMO EMERGING COUNTRY DEBT, L.P.</entityName>
        <issuerAddress>
            <street1>40 ROWES WHARF</street1>
            <city>BOSTON</city>
            <stateOrCountry>MA</stateOrCountry>
            <stateOrCountryDescription>MASSACHUSETTS</stateOrCountryDescription>
            <zipCode>02110</zipCode>
        </issuerAddress>
        <issuerPhoneNumber>617-330-7500</issuerPhoneNumber>
        <jurisdictionOfInc>DELAWARE</jurisdictionOfInc>
        <edgarPreviousNameList>
            <previousName>GMO EMERGING COUNTRY DEBT LP</previousName>
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        <entityType>Limited Partnership</entityType>
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            <relatedPersonName>
                <firstName>MARC</firstName>
                <middleName>O.</middleName>
                <lastName>MAYER</lastName>
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            <relatedPersonAddress>
                <street1>GRANTHAM, MAYO, VAN OTTERLOO &amp; CO. LLC</street1>
                <street2>40 ROWES WHARF</street2>
                <city>BOSTON</city>
                <stateOrCountry>MA</stateOrCountry>
                <stateOrCountryDescription>MASSACHUSETTS</stateOrCountryDescription>
                <zipCode>02110</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>JOSEPH</firstName>
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                <lastName>KITTREDGE, JR.</lastName>
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                <street1>GRANTHAM, MAYO, VAN OTTERLOO &amp; CO. LLC</street1>
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                <stateOrCountry>MA</stateOrCountry>
                <stateOrCountryDescription>MASSACHUSETTS</stateOrCountryDescription>
                <zipCode>02110</zipCode>
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                <firstName>ROBERT</firstName>
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                <firstName>ARJUN</firstName>
                <lastName>DIVECHA</lastName>
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            <relatedPersonAddress>
                <street1>GRANTHAM, MAYO, VAN OTTERLOO &amp; CO. LLC</street1>
                <street2>40 ROWES WHARF</street2>
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        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>BEVIS</firstName>
                <lastName>LONGSTRETH</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>GRANTHAM, MAYO, VAN OTTERLOO &amp; CO. LLC</street1>
                <street2>40 ROWES WHARF</street2>
                <city>BOSTON</city>
                <stateOrCountry>MA</stateOrCountry>
                <stateOrCountryDescription>MASSACHUSETTS</stateOrCountryDescription>
                <zipCode>02110</zipCode>
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        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>JOHN</firstName>
                <lastName>ROSENBLUM</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>GRANTHAM, MAYO, VAN OTTERLOO &amp; CO. LLC</street1>
                <street2>40 ROWES WHARF</street2>
                <city>BOSTON</city>
                <stateOrCountry>MA</stateOrCountry>
                <stateOrCountryDescription>MASSACHUSETTS</stateOrCountryDescription>
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            <relationshipClarification></relationshipClarification>
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        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>EYK</firstName>
                <lastName>VAN OTTERLOO</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>GRANTHAM, MAYO, VAN OTTERLOO &amp; CO. LLC</street1>
                <street2>40 ROWES WHARF</street2>
                <city>BOSTON</city>
                <stateOrCountry>MA</stateOrCountry>
                <stateOrCountryDescription>MASSACHUSETTS</stateOrCountryDescription>
                <zipCode>02110</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
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            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>MYRA</firstName>
                <middleName>R.</middleName>
                <lastName>DRUCKER</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>GRANTHAM, MAYO, VAN OTTERLOO &amp; CO. LLC</street1>
                <street2>40 ROWES WHARF</street2>
                <city>BOSTON</city>
                <stateOrCountry>MA</stateOrCountry>
                <stateOrCountryDescription>MASSACHUSETTS</stateOrCountryDescription>
                <zipCode>02110</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>FORREST</firstName>
                <lastName>BERKLEY</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>GRANTHAM, MAYO, VAN OTTERLOO &amp; CO. LLC</street1>
                <street2>40 ROWES WHARF</street2>
                <city>BOSTON</city>
                <stateOrCountry>MA</stateOrCountry>
                <stateOrCountryDescription>MASSACHUSETTS</stateOrCountryDescription>
                <zipCode>02110</zipCode>
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            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
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            <relationshipClarification></relationshipClarification>
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        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>JEAN-PIERRE</firstName>
                <lastName>MITTAZ</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>GRANTHAM, MAYO, VAN OTTERLOO &amp; CO. LLC</street1>
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                <stateOrCountry>MA</stateOrCountry>
                <stateOrCountryDescription>MASSACHUSETTS</stateOrCountryDescription>
                <zipCode>02110</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
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    </relatedPersonsList>

    <offeringData>
        <industryGroup>
            <industryGroupType>Pooled Investment Fund</industryGroupType>
            <investmentFundInfo>
                <investmentFundType>Hedge Fund</investmentFundType>
                <is40Act>false</is40Act>
            </investmentFundInfo>
        </industryGroup>
        <issuerSize>
            <aggregateNetAssetValueRange>Decline to Disclose</aggregateNetAssetValueRange>
        </issuerSize>
        <federalExemptionsExclusions>
            <item>06</item>
            <item>3C</item>
            <item>3C.7</item>
        </federalExemptionsExclusions>
        <typeOfFiling>
            <newOrAmendment>
                <isAmendment>true</isAmendment>
                <previousAccessionNumber>0001463229-10-000001</previousAccessionNumber>
            </newOrAmendment>
            <dateOfFirstSale>
                <value>1996-03-08</value>
            </dateOfFirstSale>
        </typeOfFiling>
        <durationOfOffering>
            <moreThanOneYear>true</moreThanOneYear>
        </durationOfOffering>
        <typesOfSecuritiesOffered>
            <isPooledInvestmentFundType>true</isPooledInvestmentFundType>
        </typesOfSecuritiesOffered>
        <businessCombinationTransaction>
            <isBusinessCombinationTransaction>false</isBusinessCombinationTransaction>
            <clarificationOfResponse></clarificationOfResponse>
        </businessCombinationTransaction>
        <minimumInvestmentAccepted>0</minimumInvestmentAccepted>
        <salesCompensationList></salesCompensationList>
        <offeringSalesAmounts>
            <totalOfferingAmount>Indefinite</totalOfferingAmount>
            <totalAmountSold>23882325</totalAmountSold>
            <totalRemaining>Indefinite</totalRemaining>
            <clarificationOfResponse></clarificationOfResponse>
        </offeringSalesAmounts>
        <investors>
            <hasNonAccreditedInvestors>false</hasNonAccreditedInvestors>
            <totalNumberAlreadyInvested>15</totalNumberAlreadyInvested>
        </investors>
        <salesCommissionsFindersFees>
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                <dollarAmount>0</dollarAmount>
            </salesCommissions>
            <findersFees>
                <dollarAmount>0</dollarAmount>
            </findersFees>
            <clarificationOfResponse></clarificationOfResponse>
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        <useOfProceeds>
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                <dollarAmount>0</dollarAmount>
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            <clarificationOfResponse></clarificationOfResponse>
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        <signatureBlock>
            <authorizedRepresentative>false</authorizedRepresentative>
            <signature>
                <issuerName>GMO EMERGING COUNTRY DEBT, L.P.</issuerName>
                <signatureName>JOSEPH B. KITTREDGE, JR.</signatureName>
                <nameOfSigner>JOSEPH B. KITTREDGE, JR.</nameOfSigner>
                <signatureTitle>GENERAL COUNSEL OF THE GENERAL PARTNER OF THE ISSUER</signatureTitle>
                <signatureDate>2011-03-11</signatureDate>
            </signature>
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-----END PRIVACY-ENHANCED MESSAGE-----