DPA
Phnom Penh - Germany was scheduled to sign two aid agreements with Cambodia Wednesday that would allocate more than 50 million dollars to the impoverished Asian nation, embassy officials said. The two agreements were worth 24.7 million and 26.7 million dollars, an embassy official said Tuesday.
The first is an agreement on technical cooperation that includes technical support on social welfare projects and developments in electricity supply, agriculture and irrigation.
The second is for financial cooperation for projects including social welfare, reproductive health, electric power programmes in rural areas and rural infrastructure.
"This is direct bilateral cooperation," the embassy official said. "It does not include the substantial amounts being provided by Germany through various non-government organizations."
Negotiations on the development aid agreement were concluded in October and a signing ceremony scheduled Wednesday at the Foreign Ministry would formalize them, the embassy official said.
Germany is an important donor to Cambodia and donated millions to the joint UN-Cambodian court set up in July to try former Khmer Rouge leaders.
The first is an agreement on technical cooperation that includes technical support on social welfare projects and developments in electricity supply, agriculture and irrigation.
The second is for financial cooperation for projects including social welfare, reproductive health, electric power programmes in rural areas and rural infrastructure.
"This is direct bilateral cooperation," the embassy official said. "It does not include the substantial amounts being provided by Germany through various non-government organizations."
Negotiations on the development aid agreement were concluded in October and a signing ceremony scheduled Wednesday at the Foreign Ministry would formalize them, the embassy official said.
Germany is an important donor to Cambodia and donated millions to the joint UN-Cambodian court set up in July to try former Khmer Rouge leaders.
4 comments:
I hope ah thog teab Hun Sen and his CPP does not transform this money into villa and Lexus.
It's about time they act as honorable leaders not like dogs.
Gentleman
I am wondering that is a free donation or LOW INTEREST LOAN where cambodians added to their current DEBT, can any one varify the details PLEASE ?
Neang SA
Aid is not free money you can replace the word with loan if you want.
Sometime it comes with an interest. Because Cambodia cannot pay back it debt, so they take it back in form of natural resources like oil, precious stone, timber, rubber...
Hun Sen accepts the aid in the name of Cambodia and put it in his pocket in his name.
FYI at the end of 2007 Cambodia has a debt of 4 Billions US$
http://indexmundi.com/cambodia/debt_external.html
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