PHNOM PENH, Feb. 13 (Xinhua) -- The representatives of the United Kingdom (UK), Japan, the World Bank and the European Union (EU) to Cambodia on Wednesday provided over 70 million U.S. dollars of grant aid and loan for Cambodia to reduce its poverty and improve economy.
"The finance will be used for the reforms of public financial management, private sector development, as well as natural resource and land management from 2007 to 2010," said Keat Chhun, Cambodian Minister of Economics and Finance.
He signed an agreement with Japanese Ambassador Katsuhiro Shinohara, British Ambassador David Reader, the World Bank's country director Nisha Agrawal and EU's representative Rafael Dochao Moreno.
"We will spend this budget to match the development goals with effectiveness, transparency and accountability," he added.
David Readers said on behalf of the donors that this reflected the determination of the four development partners in helping Cambodia achieve the development goals, reduce poverty and speed up the economic growth and reforms.
Among the 70 million dollars, the UK provided 15 million dollars as grant aid, the World Bank 15 million dollars as grant aid, the EU 33 million dollars as grant aid and Japan 8.5 million dollars as concession loan, according to a joint press release.
"The finance will be used for the reforms of public financial management, private sector development, as well as natural resource and land management from 2007 to 2010," said Keat Chhun, Cambodian Minister of Economics and Finance.
He signed an agreement with Japanese Ambassador Katsuhiro Shinohara, British Ambassador David Reader, the World Bank's country director Nisha Agrawal and EU's representative Rafael Dochao Moreno.
"We will spend this budget to match the development goals with effectiveness, transparency and accountability," he added.
David Readers said on behalf of the donors that this reflected the determination of the four development partners in helping Cambodia achieve the development goals, reduce poverty and speed up the economic growth and reforms.
Among the 70 million dollars, the UK provided 15 million dollars as grant aid, the World Bank 15 million dollars as grant aid, the EU 33 million dollars as grant aid and Japan 8.5 million dollars as concession loan, according to a joint press release.
1 comment:
i'm one of a khmer person who is apolitical and i don't see myself affiliated nor do i want to affiliate myself with any cambodian political party who only have personal or special interest and forget that they exist because the cambodian people put them there, and who are supposed to be the representative of the people of cambodia. i'm so glad the world see things differently than the way those cambodian political parties who just continue to fight one another without taking into consideration the welfare and economical well-being of the cambodia. i would like the world to help bring all these rival parties to a table for a long, meaningful dialogue to see what is their problem, why can't they all getting along? it seems like each one of them think that they are better than the other and vice-a-versa. and it is the cambodian people and nation that suffered the most, not there political parties like they claimed to be a political victim of the other party or something. it is the cambodian people who are the real victim of these political infighting; and i'm glad the world see it differently. thank you.
apparently, all the current cambodian leaders are ineffective, given that they can't even unite and cooperate for the national interest, not just their own interest. i think they are all the same regardless of their political party affiliation. please education all of them for cambodian people who are so sick and tired of their ineffective leaders bickering and not getting anything done. for the sake of cambodian people, please help.
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