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China Pledges Credit Lines up to $10 Billion USD to Lancang-Mekong Cooperation Countries
| Funder | Unspecified Chinese Government Institution |
|---|---|
| Recipient Organization | Lancang-Mekong Cooperation (LMC) |
| Country | Asia, regional |
| Start Date | Mar 23, 2016 |
| End Date | Dec 30, 2027 |
| Duration | 4,299 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 49353 |
Grant Description
China Pledges Credit Lines up to $10 Billion USD to Lancang-Mekong Cooperation Countries In March 2016, China pledged up to $10 billion USD in credit lines to five countries along the Mekong River -- Cambodia, Laos, Myanmar, Thailand, and Vietnam -- to fund infrastructure and industrial projects. These countries make up the Lancang-Mekong Cooperation (LMC).
Half of the credit line will be used for cooperation in industrial production between China and the five recipient countries. The other half will be provided to buyers to help China's exports. The offer was made at the "Shared River, Shared Future" meeting of the LMC in Sanya, Hainan Province.
Sources & References
- China offers more than $11.5 billion to Mekong River countries, billions pledged to mekong projects
- UPDATE 1-China offers $11.5 billions in loans, credit to Southeast Asia
- Plan cements Mekong cooperation
- Lancang-Mekong cooperation enriches countries along the river
- Commentary: Lancang-Mekong cooperation to boost regional prosperity
- China Focus: Lancang-Mekong cooperation enriches countries along the river
- 习近平同缅甸总统廷觉举行会谈 Loan applications and disbursements are still being received and processed as the projects continue to evolve. Ongoing monitoring and evaluation are in place to ensure project continuity.
All Grantees
Lancang-Mekong Cooperation (LMC)
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