China to Fund Myanmar Projects in Agreement with Junta
(Reuters) — China will transfer over $6 million to Myanmar's government to fund 21 development projects, Myanmar's foreign ministry said, in a sign of cooperation resuming under the junta that overthrew an elected government on Feb. 1.
China's influence had grown in Myanmar in recent years, with the opening of oil and gas pipelines that cross the country and plans for economic zones and a major port development.
Unlike Western countries that have condemned the junta for cutting short democracy and the killing and imprisonment of its opponents, China has taken a softer line and said its priorities are stability and not interfering in its neighbor.
A foreign ministry statement said the funds were to be transferred from China for projects within the Mekong-Lancang Cooperation framework. It said those included animal vaccines, culture, agriculture, science, tourism and disaster prevention.
An agreement was signed on Monday with China's ambassador to Myanmar, the statement said. The Chinese embassy's Facebook page confirmed the signing.
Opponents of Myanmar's junta have accused China of supporting the military takeover, in which elected leader Aung San Suu Kyi was ousted and detained. Beijing has rejected such accusations and said it backs regional diplomacy on the crisis.
Western countries have continued to provide some emergency aid to Myanmar, including $50 million announced by Washington on Tuesday to support relief groups in Myanmar dealing with the fallout from a surge in COVID-19 infections.
Related News
Related News
- Trump Aims to Revive 1,200-Mile Keystone XL Pipeline Despite Major Challenges
- Valero Considers All Options, Including Sale, for California Refineries Amid Regulatory Pressure
- ConocoPhillips Eyes Sale of $1 Billion Permian Assets Amid Marathon Acquisition
- ONEOK Agrees to Sell Interstate Gas Pipelines to DT Midstream for $1.2 Billion
- Energy Transfer Reaches FID on $2.7 Billion, 2.2 Bcf/d Permian Pipeline
- U.S. LNG Export Growth Faces Uncertainty as Trump’s Tariff Proposal Looms, Analysts Say
- Tullow Oil on Track to Deliver $600 Million Free Cash Flow Over Next 2 Years
- Energy Transfer Reaches FID on $2.7 Billion, 2.2 Bcf/d Permian Pipeline
- GOP Lawmakers Slam New York for Blocking $500 Million Pipeline Project
- Texas Oil Company Challenges $250 Million Insurance Collateral Demand for Pipeline, Offshore Operations
Comments