Logo of Phnom Penh Post newspaper Phnom Penh Post - Germany, EU roll out funding to accelerate lower Mekong projects

Germany, EU roll out funding to accelerate lower Mekong projects

Content image - Phnom Penh Post
A sunset view across Cambodia's Mekong River last year. Heng Chivoan

Germany, EU roll out funding to accelerate lower Mekong projects

Germany and the EU continue to grant new funding, worth €8.92 million ($10.15 million), to the Mekong River Commission (MRC) to enhance the Mekong cross-border water cooperation among the lower Mekong countries – Cambodia, Laos, Thailand and Vietnam, said an MRC press release The Post received on Thursday.

Jens Lutkenherm, German Ambassador to Laos, signed a €4 million agreement with MRC Secretariat CEO Pham Tuan Phan on Wednesday in Halong city, Vietnam.

Spanning over a three-year period from next year to 2021, much of the funding will go to support two joint transboundary projects between Cambodia and Laos, and Cambodia and Thailand.

The projects seek to better understand and manage the Mekong basin resources and address flood and drought issues.

A portion of the grant will also go to the MRC’s financial mechanism known as the “basket fund” to implement overall activities under the 2016-2020 strategic plan.

The mechanism allows the MRC to use funds

EU Ambassador to Thailand Pirkka Tapiola on Wednesday signed a new financial agreement worth €4.92 million.

Running over a two-year period from next year to 2020, the funding goes to support the implementation of the MRC 2016-2020 strategic plan.

The primary aim of the support is to promote and coordinate sustainable development and management of the Mekong river water and related resources in the four member countries.

Quoting from the media release, Pham said that: “The new funding from both Germany and EU will enable the MRC to ensure effective basin-wide water resources management and the inclusiveness of dialogue at the national and regional levels with a stronger representation of all relevant stakeholders.”

In preparation to implement the five-year strategic plan, the MRC will focus its work in four key result areas, such as strengthening regional cooperation, improving monitoring and communication of conditions in the basin, enhancing national plans and projects and turning the MRC into a more efficient river basin organisation.

The EU has funded the MRC with more than €11 million since 2003 for many important areas of work, including flood resolution, climate change, institutional reforms and integrated water resource management.

At the same time, Germany has financed the MRC since 2003, providing some €31 million in funding.

Over 15 years, German support has made it possible for the MRC to implement various strategic activities, including institutional reforms, sustainable hydropower development, integrated water resources management, flood mitigation and climate change.

The MRC is an intergovernmental organisation for regional dialogue and cooperation in the lower Mekong river basin, established in 1995 based on the Mekong Agreement between Cambodia, Laos, Thailand and Vietnam.

MOST VIEWED

  • South Korea’s first lady brings hope to ill boy

    South Korea’s first lady Kim Keon-hee – wife of current president of the Republic of Korea, Yoon Suk Yeol – met with a 14-year-boy with congenital heart disease during her trip to the Kingdom for the ASEAN Summit. After their meeting it was announced that the

  • Hun Sen gets Covid, shuns G20, APEC summits

    Prime Minister Hun Sen said he has tested positive for Covid-19 in Indonesia, where he is slated to attend the G20 summit in his capacity of the ASEAN chair. In a social media post addressing the Cambodian public, he said: “Before leaving Cambodia, I always

  • Moody’s sets outlook rating to ‘negative’ for Cambodia

    US global rating agency Moody’s Investors Service Inc on November 15 announced that it downgraded Cambodia’s outlook from “stable” to “negative” and maintained its B2 local and foreign currency issuer ratings. “The negative outlook reflects a deteriorating external position as illustrated by the severe

  • Hun Sen’s Covid infection caused by ‘weakened antibody’ after summit

    Prime Minister Hun Sen said exhaustion from heavy workload before and during the recent ASEAN Summit may have led to him contracting Covid-19 due to his weakened immune system, while rejecting speculations that the infection was caused by leaders of some countries who did not

  • Korean first lady paves way for ill boy’s surgery

    A 14-year-old boy with congenital heart disease who was lucky enough to meet with South Korean first lady Kim Keon-hee may get the chance of a lifetime and receive surgery and treatment at Asan Medical Center in Seoul, South Korea. After seeing his plight, many

  • Kingdom’s rice crowned world’s No1

    Cambodia’s Phka Rumduol jasmine variety has been crowned the World’s Best Rice for the fifth time at the TRT (The Rice Trader) World Rice Conference in Phuket, Thailand on November 17, according to leaders of the Kingdom’s apex rice industry body. Phka Rumduol