China transfers fund for 19 projects to be implemented in Myanmar under the Mekong-Lancang Cooperation Special Fund

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U Myint Thu, Permanent Secretary of the Ministry of Foreign Affairs (Right) exchanges the agreements for transferring funding with Chinese Ambassador Mr. Hong Liang. photo: mna

U Myint Thu, Permanent Secretary, Ministry of Foreign Affairs of the Republic of the Union of Myanmar and Mr. Hong Liang, Ambassador Extraordinary and Plenipotentiary of the People’s Republic of China to the Republic of the Union of Myanmar signed the agreement on the transfer of fund for the projects under the Mekong-Lancang Cooperation Special Fund (2018 batch), at the Ministry of Foreign Affairs in the morning of 23rd January (Wednesday) 2019.
The Permanent Secretaries and Senior Officials from the Ministry of Foreign Affairs and relevant Ministries, and officials from the Embassy of the Peoples’ Republic of China in Yangon attended the signing ceremony.
China will transfer US$ 7.3 million to Myanmar for 19 projects to be implemented in Myanmar by the eight Ministries in the sectors of agriculture, water resources, education, research and social security.
China provided USD 2.4 million to Myanmar for 10 Mekong-Lancang Special Fund projects ( 2017 batch ) in the sectors of agriculture, cultural and connectivity in 2018.
The Mekong-Lancang Cooperation was established by the initiative of Chinese Premier Li Keqiang at the 17th ASEAN-China Summit held in Myanmar in 2014 to foster cooperation in sustainable development of the Mekong region.
It is a sub-regional cooperation framework officially launched in 2016 among six Mekong-Lancang countries comprising Cambodia, China, Lao PDR, Myanmar, Thailand and Viet Nam.
The Mekong-Lancang Cooperation primarily focused on five priority areas, namely; connectivity, production capacity, cross-border economic cooperation, water resources, and agriculture and poverty reduction. It has been expanded to other areas such as education, culture and health, lately.
The Mekong-Lancang Special Fund under the Mekong-Lancang Cooperation framework was established in 2017 in order to provide financial assistance to the development efforts of six Mekong countries.

 

—MNA

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