The Lancang-Mekong Cooperation has approved the financing of new member country projects, in which Cambodia is set to receive about $8 million for 19 new education initiatives.
The Foreign Affairs Ministry on Monday said Deputy Prime Minister Hor Namhong joined a meeting attended by officials from LMC member countries, noting that projects will be financed by the LMC’s special 2018 fund.
“These projects mostly cover activities related to capacity-building, education, research and exchanges,” the ministry said, adding that last year, 16 Cambodian projects worth $7 million was approved.
It also said that two of the projects have been completed, while 14 others are still in progress.
The ministry said the meeting was co-chaired by Laos and China, adding that Chinese Foreign Minister Wang Yi attended the event.
Earlier this year, Foreign Affairs Minister Prak Sokhonn said China established the LMC Special Fund and that the fund plays an important role to fast-track the implementation of projects.
Ministry spokesman Ket Sophonn declined to comment yesterday.
Mr Wang was quoted by Vientiane Times saying that the focus of the meeting was cooperation.
“Cooperation is helpful to the sharing of cultures in the future,” he said. “Economic cooperation among the six countries is needed to deepen partnership. I hope the discussion will advance our development.”
On Monday, the LMC said in a statement that a 2018 progress report on the implementation of its five-year plan was also discussed.
It also highlighted outcomes of decisions made during the previous two LMC meetings.
“We agreed to promote national development strategies and to start discussions to concretise the building of the LMC Economic Development Belt,” it said.