The Foreign Affairs Ministry on Saturday reported Cambodia received approximately $8 million from the Mekong-Lanchang Cooperation’s special fund for 20 development projects.
The Kingdom received the funding during the 5th MLC’s Foreign Ministers’ Meeting on Thursday, noting the money came from the MLC Special Fund 2020. The projects will cover capacity building, education, poverty reduction, women empowerment, culture, tourism, media exchange, environment, water resources and production capacity.
The MLC Special Fund 2020 is funded by China to support social development in Mekong river nations. It is part of a five-year plan, first initiated in 2018, to promote mutual trust, broaden cooperation and deepen partnerships, according to the statement.The 5th MLC Foreign Ministers’ Meeting was held on February 19 and 20. It was co-chaired by Chinese Foreign Minister Wang Yi and his Lao counterpart Saleumaxay Kommasith and other foreign affairs ministers from Cambodia, Myanmar, Thailand and Vietnam.
The ministers reaffirmed their continued support for multilateral, United Nations-centred and rule-based trading systems with the World Trade Organization at its core.
They further agreed to enhance dialogues to counter terrorism, cybercrime, natural disasters, epidemics, human and drug trafficking and arms smuggling.
“MLC has been an essential solidarity framework to maintain regional peace, stability and promote shared prosperity in the region. Cambodia’s commitment to strengthen and deepen the bond of friendship between the Mekong countries and China to materialise the leaders’ vision in building a community with a shared future of peace and prosperity,” Foreign Affairs Minister Prak Sokhonn said.
“This resulted from the very good relationship between Cambodia and China,” Lim Menghour, deputy director of the Mekong Centre for Strategic Studies, yesterday said. “Cambodia is playing an important role in the sub-regional and regional stages. The Kingdom is paying attention to its interests. Cambodia, a small nation, needs an internationally multilateral system to protect development interests. It has a clever foreign policy-based,” Mr Menghour said.