PHNOM PENH, July 17 (Xinhua) -- China is the largest provider of financial assistance to Cambodia for agriculture and irrigation development in the last three years, Cambodia's Minister of Finance Keat Chhon said here on Tuesday.
Since 2010 to date, he said, Cambodia has received a total loan of 561 million U.S. dollars and a total grant of 22 million U.S. dollars from South Korea, India, China, Japan and France.
"Of the amount, China's soft loan to Cambodia is 436 million U.S. dollars," he said in an economic conference at the National Assembly. "We show that China is playing very important role to promote Cambodia's agricultural development and irrigation system construction."
The minister said that besides, Cambodia also received the loan of 88 million U.S. dollars from the Asian Development Bank, and 24. 2 million U.S. dollar loan and 17.5 million U.S. dollar grant from the International Fund for Agricultural Development.
He said this financial assistance is very vital for the government of Cambodia to use for developing agricultural sector, especially rice production and export.
Cambodia is an agrarian country. More than 80 percent of the population is farmers. The country produced some 8.25 million tons of paddy rice last year. With the amount, it's estimated that there is around 2.5 million tons of milled rice left over for export this year.
In August, 2010, the government launched the rice export promotion strategy, aiming at exporting one million tons of milled rice by 2015.
Cham Prasidh, Minister of Commerce, said Tuesday that in the first half of this year, the country has exported 92,000 tons of milled rice.
8 comments:
ខ្មែរគិតតែពីកិន ចិនគិតតែពីកត់ ដល់កំណត់រត់ចោលស្រុក ទុកអោយចៅៗសងបំណុល ....
Thailand invaded Cambodia in 2008 and Vietnam invaded Cambodia in 1979 which broke the backbone of ASEAN unity!
of course, and what did the philipines and asean did for cambodia? nothing compare to china, really. and they want the same treatment? shame on the philipines for using their emotion! of course, any country that helped make a difference in cambodia, we noted them. what have the philipines done for cambodia beside whining about this? think about it. of course, cambodia is attracted to the sugar more than to the lemon, you know. what you expect?
The question is who is gonna actually get some of that money????? My guess is Khmers in needs will never get a cent from that money
How stupid Virtnma and Philippine, both countries insult Cambodia, because Cambodia don't want to seve them.
Philippine & Viet can say, whatever they wanted. They knew so well, that ASEAN is only able to resolve the internal problem between ASEAN Country members.
If Viet and Philippine have the problem with China, they should complain at the UN council and not at the ASEAN, because China is not a member of the ASEAN.
Mr. Keat Chhon said: Financial assistance is very vital for the government of Cambodia to use for developing agricultural sector, especially rice production and export or it's more like more money is good for the gov't of Cambodia to use against opposition parties so they have no chance. On top of that, loan from China only comes with high interest.(No string attached)
oh shut up,bitch.......stop whining thailand, vietnam invasion.. no body cares...you and your dumb ass khmer cares... stick together....unity...sammakee...see tro pok chin..tro pok youn.
561 million do-lalars to ah HUN sen, 22 mil. dolars to keat chhun, 436 mil. do-lalars to meh khe banh bun rany hun khnear jea muy cambodia black cross.
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