Lancang-Mekong Cooperation Special Fund provides 2,430,000 RMB loan for poverty alleviation and forest preservation in Northeast Thailand
Commitment amount
$ 397596.63743454125
Adjusted commitment amount
$ 397596.64
Constant 2021 USD
Summary
Funding agency [Type]
Unspecified Chinese Government Institution [Government Agency]
Recipient
Thailand
Sector
Agriculture, forestry, fishing (Code: 310)
Flow type
Loan
Level of public liability
Unallocable
Infrastructure
No
Category
Project lifecycle
Description
On December 24, 2019, the Chinese Government and Thailand Ministry of Natural Resources and Environment signed a memorandum of understanding (MOU) for poverty alleviation and forest preservation in Northeast Thailand. This project will be financed by a loan of 2,430,000 RMB from the Lancang-Mekong Cooperation Special Fund and implemented by the Royal Forest Department (see Umbrella Project ID #49339). The borrowing terms are unknown. According to a report from the Chinese Embassy in Thailand, by March 2021, the forest poverty reduction demonstration zone project was launched in 8 communities in the Buengkan Province. Since the project's launch, 20,000 tree seedlings have been planted to develop Thailand's eco-tourism and forest economy.
Additional details
Number of official sources
3
Number of total sources
4
Details
Cofinanced
No
Direct receiving agencies [Type]
Lancang-Mekong Cooperation (LMC) Special Fund [State-owned Fund]
Implementing agencies [Type]
Thailand Royal Forest Department [Government Agency]