Lancang-Mekong Cooperation Special Fund provides loan for five agricultural projects in Myanmar (Linked to Project IDs #68542, #88352)
Summary
Funding agency [Type]
Unspecified Chinese Government Institution [Government Agency]
Recipient
Myanmar
Sector
Agriculture, forestry, fishing (Code: 310)
Flow type
Loan
Level of public liability
Central government debt
Infrastructure
No
Category
Project lifecycle
Description
On January 5, 2018, the Chinese Government and Government of Myanmar signed a project agreement for five agricultural projects (see Project ID #68542). These projects made up the first batch of agricultural projects that were financed by a loan of an unknown value from the Lancang-Mekong Cooperation Special Fund. The borrowing terms are unknown. These five agricultural projects involved rice cultivation and optimized planting, coffee production and quality improvement, rural development and vegetable cultivation technology transfer, safe and high-quality planting technology for fruits and vegetables, and promotion of home gardening technology. The projects were officially launched on December 19, 2018 and were still in progress as of July 31, 2019. The second batch of twelve agricultural projects is captured in Project ID #63882.
Number of official sources
3
Number of total sources
5
Details
Cofinanced
No
Direct receiving agencies [Type]
Lancang-Mekong Cooperation (LMC) Special Fund [State-owned Fund]
Indirect receiving agencies [Type]
Government of Myanmar (Burma) [Government Agency]