ADB to continue cooperation with Cambodia: senior official
The Asian Development Bank (ADB) said on Thursday that it will continue its cooperation with Cambodia to promote the country's economic and social development.
"Cambodia has made positive progress in country's reconstruction and development," said visiting Rajat Nag, who is in charge of ADB's Southeast Asia Affairs, during his meeting with Prime Minister Hun Sen, commending Cambodia's success in reducing poverty in recent years form 39 percent to 35 percent, and its economy growth reaching over 13 percent in 2005.
"ADB will keep its good cooperation relationship with Cambodian government and offer help to develop its petroleum, natural gas and hydroelectric resources as well as the building of railway," said Rajat Nag.
The International Monetary Fund (IMF) last month announced that Cambodia's economy growth in 2005 reached to 13 percent, far higher than expected and making it one of the faster growing economy in the region and even in the world.
The IMF contributed the economic boom to sharply increasing agriculture production and efforts to raise productivity, and continued robust activity in the tourism, garment and construction sectors.
Source: Xinhua
The Asian Development Bank (ADB) said on Thursday that it will continue its cooperation with Cambodia to promote the country's economic and social development.
"Cambodia has made positive progress in country's reconstruction and development," said visiting Rajat Nag, who is in charge of ADB's Southeast Asia Affairs, during his meeting with Prime Minister Hun Sen, commending Cambodia's success in reducing poverty in recent years form 39 percent to 35 percent, and its economy growth reaching over 13 percent in 2005.
"ADB will keep its good cooperation relationship with Cambodian government and offer help to develop its petroleum, natural gas and hydroelectric resources as well as the building of railway," said Rajat Nag.
The International Monetary Fund (IMF) last month announced that Cambodia's economy growth in 2005 reached to 13 percent, far higher than expected and making it one of the faster growing economy in the region and even in the world.
The IMF contributed the economic boom to sharply increasing agriculture production and efforts to raise productivity, and continued robust activity in the tourism, garment and construction sectors.
Source: Xinhua
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