Lancang-Mekong Cooperation (LMC)

In News

  • Recently, the seventh Lancang-Mekong Cooperation (LMC) Foreign Ministers’ Meeting was held in Bagan, Myanmar.

About Lancang-Mekong Cooperation

  • The LMC consists of six countries: China, Cambodia, Myanmar, Laos, Thailand, and Vietnam.
  • Multilateral format: Lancang-Mekong Cooperation is a multilateral format established in 2016 for cooperation between the riparian states of the Lancang River and Mekong River.
    • The Lancang River originates on the Qinghai-Tibet Plateau in southwestern China. It is called the Mekong River as it flows through the other five countries before emptying into the sea.
  • Purpose: The central purpose of the format is for China to manage water flow from its hydropower dams with the other riparian states.
    • As a platform for discussion and sharing ideas, it aims to push forward pragmatic projects to benefit the six countries.
    • China has built seven mega dams on the Lancang-Mekong and according to the US-based NGO International Rivers, 20 are under construction or planned in Yunnan, Tibet and Qinghai.
  • LMC Special Fund: A fund was created in 2016 to aid in small and medium-sized projects by the Lancang-Mekong countries.

Significance of the meet

  • Five-Year Plan of Action: The LMC foreign ministers will evaluate the progress made in the implementation of the Five-Year Plan of Action on the Lancang-Mekong Cooperation (2018-2022)
  • They will chart future directions for broadening cooperation and further strengthening the bonds of friendship and mutual support among the countries, in the spirit of promoting socio-economic development, particularly at a time of unprecedented global threat.

Source: Print

 
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