| Brief Introduction of the LMCSF |
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The Lancang-Mekong Cooperation Special Fund (hereinafter referred to as
“LMCSF”), as one of the important outcomes of the First LMC Leaders' Meeting, was
officially launched in September of 2016. The total amount of the fund is 300 million
USD.
The LMCSF is committed to supporting small and medium-sized projects which are
initiated under the LMC framework and to delivering tangible benefits for the people
of the six member countries, namely Cambodia, China, Lao PDR, Myanmar, Thailand
and Viet Nam. |
| The LMCSF project application and management procedure comprises 6 stages: |
| 1. Notification of Project Application: The Ministry of Foreign Affairs
(hereinafter referred to as the “MFA”) of China draws up key supporting directions
and sends the notifications to the Foreign Ministries of the five Mekong countries via
Chinese embassies in corresponding countries. |
| 2. Project Application: Project applicants develop proposals according to the
notification. The Foreign Ministries of Mekong Countries collect proposals and send
the selected ones to Chinese embassies in the corresponding countries. |
| 3. Project Appraisal and Approval : All projects are appraised by Chinese
embassies in Mekong countries, MFA and Ministry of Finance of China, according to the key documents and future directions of the LMC. Qualified projects will be approved. |
| 4. Agreement Signing and Fund Disbursement: Once the projects are approved, Chinese embassies in Mekong countries will sign cooperation agreements with governments of corresponding countries. Project funding will be disbursed into appointed accounts in a few days after the agreement signing. |
| 5. Project Implementation and Monitoring: Implementing agencies (IA) implement the projects according to the proposed plan and report the progress to their governments. The Chinese side, together with corresponding Mekong countries, may organize project inspection during the implementation. |
| 6. Project Completion and Reporting: A completion report of each project is required to be submitted to the Chinese embassy through the Foreign Ministry of corresponding country within 2 months after the completion day. Foreign Ministries of Mekong countries are responsible for sending the annual reports on the projects implementation including the financial report to the Chinese embassies in corresponding countries. |
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Key points in project appraisal:
1. Projects under the 3+5+X Cooperation Framework will be given priority.
2. The project applicants should use standard templates, and complete each part
clearly.
3. All the costs are required to be outlined reasonably under the relevant subheadings
in the budget part of the template. |
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| 3+5+X Cooperation Framework |
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