Mekong-Lancang Cooperation: Agreement on transfer of fund for Special Fund Projects

The signing ceremony of the agreement on the transfer of fund for Mekong-Lancang Cooperation Special Fund (2024) Projects was held in Nay Pyi Taw in commemoration of the 74th Anniversary of the establishment of diplomatic relations between Myanmar and China.

The ceremony took place at the M Gallery Hotel in Nay Pyi Taw on Friday. At the ceremony, Deputy Prime Minister and Union Minister for Foreign Affairs, U Than Swe, delivered the opening speech in which he praised the long-standing Pauk-Phaw friendship. 

He also highlighted the success of Mekong-Lancang Cooperation due to the MLC Special Fund Projects started in 2017 with the sole contribution of China, and expressed his appreciation to China for granting MLC Special Fund Projects implementing in 7 cooperation areas under the MLC framework.

Also, Chinese Ambassador Mr. Chen Hai delivered the opening remarks. In his remarks, the Ambassador recalled the friendly Pauk-Phaw relations, mutual understanding, mutual respect and supports between China and Myanmar. He highlighted Mekong-Lancang Cooperation as a crucial platform for the two countries to jointly build a community with a shared future in the new era.

Afterwards, the Agreement on the Transfer of Fund for MLC Special Fund (2024) Projects between Myanmar and China was signed. In accordance with the agreement, China will transfer over US$ 3.6 million to Myanmar for (12) Mekong-Lancang Cooperation Special Fund Projects for the year 2024.

The projects will be implemented in Myanmar by six-line Ministries in the fields of agriculture and livestock, forest resources preservation, eco-innovation and green practices of MSMEs, village-level poverty reduction, ICT and innovation and cultural promotion.

Myanmar has received a total of (118) projects in various areas with total value of around USD (35) million from 2017 to 2024 through the MLC Special Fund supported by China.