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China to provide funds of $7 million

Khy Sovuthy / Khmer Times Share:
The total budget for 16 projects amounts to more than $7 million. Supplied

China will provide Cambodia with more than $7 million today to implement a variety of projects across the kingdom through the Lancang-Mekong Cooperation Special Fund.

Foreign Affairs Minister Prak Sokhonn and Chinese Ambassador to Cambodia Xiong Bo will sign the agreement at the Foreign Affairs Ministry, according to a ministry statement issued yesterday.

One project aims to improve local livelihoods. Supplied

The total budget for 16 projects amounts to $7,315,908.

The projects include a Buddhist development program of cooperation and workshop on the effectiveness of managing Theravada Buddhism in the countries along the Mekong River, a Lancang-Mekong training-of-trainers workshop and publication of Asean community-based tourism standards.

Additional projects include addressing land degradation and improving local livelihoods through sustainable land management, forest restoration and promotion of sustainable forest use in Southeast Asia, and a scholarship program for poor students to study in China.

The six countries along the Mekong River, known as Lancang in China, launched the LMC mechanism in November 2015.

The 3rd Lancang-Mekong Cooperation Meeting was held in Dali in southwestern China’s Yunnan province on December 15 and was attended by foreign ministers from Cambodia, Laos, Myanmar, Thailand, China and Vietnam.

Mr Sokhonn and his Chinese counterpart Mr Wang Yi co-chaired the meeting.

The LMC focuses on cooperation in prioritized fields like water resources management, trade and economic cooperation, connectivity, environment protection, community health and poverty reduction.

In preparation for the second LMC Summit slated for January 10-11 in Cambodia, the ministers agreed on the contents of several documents for submission to LMC leaders, including the LMC Action Plan for 2018-2022.

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