Overview

Lancang-Mekong Cooperation Special Fund provides 2,430,000 RMB loan for poverty alleviation and forest preservation in Northeast Thailand

Commitments (Constant USD, 2023)$367,313

Commitment Year•2019Country of Activity•ThailandDirect Recipient Country of Incorporation•China (People's Republic of)Sector•Agriculture, Forestry, FishingFlow Type•Loan

Status

Project lifecycle

Implementation

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Dec 24, 2019

Stakeholders

Organizations involved in projects and activities supported by financial and in-kind transfers from Chinese government and state-owned entities

Ultimate beneficial owners

At least 25% Chinese ownership

Funding agencies

Government Agencies

Unspecified Chinese Government Institution

Receiving agencies

State-owned Funds

Lancang-Mekong Cooperation (LMC) Special Fund

Implementing agencies

Government Agencies

Thailand Royal Forest Department

Loan description

Lancang-Mekong Cooperation Special Fund provides 2,430,000 RMB loan for poverty alleviation and forest preservation in Northeast Thailand

Interest type•Unknown

Narrative

Full Description

Project narrative

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 Record 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.