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Estatedia | Economy & Real Estate Media in Cambodia

MLC to sponsor Cambodia’s 9 cooperation initiatives this year

PHNOM PENH: Cambodian foreign minister Prak Sokhonn, and Chinese ambassador to Cambodia, Wang Wentian, will co-sign the Agreement on the Cooperation on Projects of the Mekong-Lancang Cooperation (MLC) Special Fund 2023, on 15 June 2023 at the Ministry.

“Within the framework of the MLC Special Fund 2023, a total of nine projects in Cambodia will secure financial support amounting to approximately USD 2 million. They will create greater impact in their respective fields, including transport and logistics, information systems, food security, research, capacity building, and cultural conservation,” the press release wrote.

“Over the past six years, the MLC Special Fund has extended monetary assistance to around 80 projects within the Kingdom. The implementation of these collaborative initiatives demonstrates the ongoing commitment of Cambodia and China to contribute to the establishment of a Community of Shared Future of Peace, Prosperity, and Sustainable Development for all the Mekong-Lancang countries”.

Lancang-Mekong Cooperation is a multilateral format established in 2016 for cooperation between the riparian states of the Lancang River and Mekong River. The Lancang is part of the Mekong that flows through China. Cambodia, Laos, Myanmar, Vietnam, and Thailand are five downstream countries of the Mekong River.

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