PHNOM PENH, Dec 5 (Reuters) - Cambodia has been promised aid worth $951.5 million for next year -- the most since 1994 -- with pledges linked to the country implementing reforms and fighting graft, the finance minister said on Friday.
Speaking at a news conference after a donors' meeting, Keat Chhon said China was Cambodia's biggest aid donor, with $257 million, followed by the European Union with $214 million, and Japan with $112 million.
"China is more than just a good rich neighbor ... China knows what Cambodia needs," he told reporters, saying Beijing's aid was unconditional, unlike assistance from the rest of the donors.
At the conference, other donors urged Cambodia to approve a long overdue anti-corruption law which they said was essential for private sector investment.
"Passing the law will be an important signal, providing investors and development partners with confidence to make more long-term commitments in Cambodia," said Qimiao Fan, the newly appointed World Bank country manager for Cambodia.
The International Monetary Fund (IMF) also expressed reservations about the government's plan to double spending on the military next year to $500 million after a border clash with Thailand earlier this year.
Finance Minister Keat Chhon said the spending increase was for pay and social welfare rather than arms and equipment.
(Reporting by Ek Madra; Editing by Bill Tarrant)
Speaking at a news conference after a donors' meeting, Keat Chhon said China was Cambodia's biggest aid donor, with $257 million, followed by the European Union with $214 million, and Japan with $112 million.
"China is more than just a good rich neighbor ... China knows what Cambodia needs," he told reporters, saying Beijing's aid was unconditional, unlike assistance from the rest of the donors.
At the conference, other donors urged Cambodia to approve a long overdue anti-corruption law which they said was essential for private sector investment.
"Passing the law will be an important signal, providing investors and development partners with confidence to make more long-term commitments in Cambodia," said Qimiao Fan, the newly appointed World Bank country manager for Cambodia.
The International Monetary Fund (IMF) also expressed reservations about the government's plan to double spending on the military next year to $500 million after a border clash with Thailand earlier this year.
Finance Minister Keat Chhon said the spending increase was for pay and social welfare rather than arms and equipment.
(Reporting by Ek Madra; Editing by Bill Tarrant)
7 comments:
this is a wow to apraise to HUN can improve establic the country.so Hun had full cash with his pocket and can play another game to fool all khmer to become yuon ,all systems ,had been greated was YUON MINDING.
Please keep Ah Scam Rainxy away from the money.
The whole world knew that CPP are the most corruptions.
CPP stole the votes.
Over 20 years Cambodia ruled by uneducated people CPP.
The poor and the criminal people became rich and powerful,
And the educated people were left with nothing.
Until today Cambodia still begging money from donors.
From khmer, USA
SHUT UP ALL YOU KHMER OVERSEA. WE ARE KOUN KHMER MR. HUN SEN IS KOUN KHMER TOO LET SUPPORT HIM TO HELP CAMBODIA. MR HUN SEN IS NOT THE SAME AS YOU KHMER OVER SEA THINK ANYMORE HE IS TRYING TO IMPROVE CAMBODIA ECONOMY,MILITARY AND BRING ALL KINDS OF FRIEND TO CAMBODIA, INCLUDING CHINA, EU, USA AND AND MANY MORE COUNTRIES AROUND THE WORLD. CAMBODIA IS DEVELOPING FAST AND EFFECTIVE THAT WHY THE WORLD DONORS BILLIONS BEAUSE THE WORLD KNOWN THAT CAMBODIA WILL BRING ALL KINDS OF POSITIVE THINGS TO WORLD IN THE NEXT 5 YEARS OR SO. SO PLEASE HELP CAMBODIA AND THE CAMBODIAN WE ALL KOUN KHMER.
KHMER STUDENT IN TOKYO
We get as much as we can, do not worry.Good for Samdech Hun Sen Government,it cool $1billion for Khmer people at this time.
Foreign country do the right thing,if not Samdech,whoever is much better than Samdech will get more $2-$4billion instead!Believe US.
From
Sangkhum Khmer Niyum Republic!
Sangkhum Khmer Niyum Americ!
Sangkhum Khmer Niyum Democracy!
Sangkhum Khmer Niyum Kings!
Sangkhum Khmer Niyum Communist!
Sangkhum Khmer Niyum Chinise!
Sangkhum Khmer Niyum Hanoi!
Sangkhum Khmer Niyum Vietcong!
Sangkhum Khmer Niyum Vietnamese!
out of many,one!
out of many Sangkhum Khmer Niyum,one Sangkhum Khmer Niyum!
Sangkhum Khmer Niyum = The United People!
People around the world loves CPP!
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