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7 projects of LMC Special Fund launched in Myanmar

YANGON, Jan. 14 (Xinhua) -- The Ministry of Agriculture, Livestock and Irrigation of Myanmar has launched seven projects of Lancang-Mekong Cooperation (LMC) Special Fund (2022), the state-run media reported on Saturday.

Speaking at the launching ceremony on Friday, the country's Deputy Minister for Agriculture, Livestock and Irrigation Aung Gyi said that the projects will promote the socioeconomic development and living status of the rural people in Myanmar.

The projects cover rubber pressing, quality sugarcane production, sesame seed production and freshwater fish farming.

The country's Ministry of Agriculture, Livestock and Irrigation has a total of 31 LMC Special Fund projects, with the cumulative budget of more than 10 million U.S. dollars in five batches, according to the ministry.

China initiated the LMC Special Fund in 2016 with the aim of supporting the small and medium-sized cooperation projects put forward by the six Lancang-Mekong countries.

The six Lancang-Mekong countries comprise China, Cambodia, Laos, Myanmar, Vietnam and Thailand.