Donors plan to give $1 billion in aid to the private sector in Cambodia

31 May 2009
By Savyuth
Radio Free Asia
Translated from Khmer by Socheata
Click here to read the article in Khmer

An official at the International Trade Center (ITC) revealed that donor countries from Europe plan to give about $1 billion to Cambodia next year to help private businesses strengthen export of products in order to pull up the falling Cambodian economy caused by the worldwide economic crisis.

Mrs. Patricia Francis, executive director of the ITC, indicated that recently, France Development Agency (with the French acronym AFD) signed an agreement with ITC to provide funds to the private sector in Asia, in order to help secure the economic situation in these countries. Cambodia also features among those countries that will receive about $1 billion in aid.

Mrs. Patricia Francis said through a translator: “AFD signed an agreement with our institution to provide funds to help the private sector move forward. $1 billion will be provided to Cambodia.”

This news was revealed following the break of the regional meeting for Asia Pacific commerce, organized in Siem Reap province, Cambodia, on 29 May 2009.