Myanmar has over 100 projects supported by Lancang-Mekong Cooperation Special Fund in past seven years


Chinese Ambassador to Myanmar Ma Jia addresses a seminar on making tourism more sustainable in cultural heritage destinations among the Lancang-Mekong regional countries, in Bagan, Myanmar, Aug 23, 2024. - Photo: Xinhua

YANGON: Under the Lancang-Mekong Cooperation (LMC) Special Fund, Myanmar has worked with 118 projects from 2017 to 2024 with a budget of US$35.2 million, an official from the LMC National Coordination Unit (Myanmar) told Xinhua on Tuesday (Aug 20).

Among these projects, over 65 were successfully completed, and the rests are in the process of implementation, the official said.

These projects cover a wide range of areas, including agriculture, livestock research, rural development, poverty reduction, education, health, trading, science and technology, among others, directly benefiting many local communities, she added.

The country got 10 projects in 2017, 19 projects in 2018, 22 projects in 2020, 21 projects in 2021, 20 projects in 2022, 14 projects in 2023, and 12 projects in 2024.

As an agriculture-based country, Myanmar has seen significant improvements in the agricultural sector, in particular crop production, of coffee, macadamia, bamboo, nuts, and others, thanks to the technology and equipment provided with the LMC projects, she said.

These advancements have helped boost the socio-economic development of rural areas in the Southeast Asian country, according to her.

The LMC projects in Myanmar also focus on agricultural research and the development of micro, small and medium-sized businesses, the official said.

China initiated the LMC Special Fund in 2016 to support the small and medium-sized cooperation projects put forward by the six Lancang-Mekong countries, namely China, Cambodia, Laos, Myanmar, Vietnam and Thailand. - Xinhua

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Aseanplus News

New bridge inaugurated to boost Laos–Thailand–Vietnam trade connectivity
Momota shows flashes of his old brilliance at King's Cup
Four Spaniards missing after wooden tourist boat sinks off Indonesia's famous Komodo National Park
Hong Kong star Miriam Yeung spends Christmas holiday in 'super hot spot' Penang
Elderly woman forced to evacuate home three times in a month due to floods
Two names submitted for Perlis MB post
Muhyiddin says Bersatu name submitted for Perlis MB post, had no hand in SDs
Cricket-Stokes savours the end of England's victory drought in Australia
Indonesian maritime patrol vessel arrives in North Aceh with 92.2 tonnes of aid
To protect deminers, Cambodia suspends clearance operations

Others Also Read