Monday, 23 March 2009

Cambodia to get $50 mln for climate change project

PHNOM PENH, March 23 (Xinhua) -- Development partners have promised to provide 50 million U.S. dollars for a climate change project in Cambodia, said a senior official of the World Bank (WB) here on Monday.

"Cambodia is selected as a pilot country in the pilot program for climate change with global fund which can be contributed by a number of development partners," said Qimiao Fan, WB's Country Manager.

The project will be managed by WB and the fund will be allocated in the next four years, with half as concession loan and half as grant aid, he added.

Editor: Xiong Tong

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