Phnom Penh (VNA) – The European Commission (EC) has pledged to grant a non-refundable aid of 23.1 million euro (roughly 33.3 million USD) for socio-economic development projects in Cambodia.
An agreement on the aid package was signed on November 28 by Cambodian Minister of Economy and Finance Keat Chhon and EC’s representative Rafael Dochao Moreno.
Under the agreement, the sum will be used to socio-economic development programmes in the 2006-2010 period, especially those in poverty reduction.
Over the past few years, these projects have been received financial support from international organisations, among them were 15 million USD from the World Bank and 1 billion Japanese Yen from the Japanese Government, Cambodia’s Ministry of Economy and Finance said.
An agreement on the aid package was signed on November 28 by Cambodian Minister of Economy and Finance Keat Chhon and EC’s representative Rafael Dochao Moreno.
Under the agreement, the sum will be used to socio-economic development programmes in the 2006-2010 period, especially those in poverty reduction.
Over the past few years, these projects have been received financial support from international organisations, among them were 15 million USD from the World Bank and 1 billion Japanese Yen from the Japanese Government, Cambodia’s Ministry of Economy and Finance said.
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