Thursday, 14 February 2008

Cambodia to receive $70m aid, loans

ABC Radio Australia
14/02/2008

Britain, Japan, the World Bank and the European Union have agreed to provide over $US70 million in aid and loans for Cambodia.

Representatives from the countries say it is hoped the money will help reduce Cambodia's rate of poverty and to improve its economy.

Cambodia's minister of economics and finance, Keat Chhun, says the money 'will be used for the reforms of public financial management, private sector development, as well as natural resource and land management'.

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