Ministry for Foreign Affairs of the Republic of Hungaryhttp://www.kulugyminiszterium.hu
On the sidelines of the 17th ASEAN-EU Ministerial Meeting in Phnom Penh on May 28, Mr Várkonyi and Mrs. Sun Saphoeun, Secretary of State of the Ministry of Foreign Affairs and International Cooperation of Cambodia had bilateral talks.
After the meeting two Agreements were signed: one on the consolidation and settlement of Cambodia’s outstanding debt towards Hungary with Mr. Ouk Rabun, Secretary of State of the Ministry of Economy and Finance and the other on development co-operation with Mrs. Sun Saphoeun.
According to the first document half of the debt will be written off by Hungary whereas the other half will be paid back by Cambodia within two months after the signing of the Agreement.
In the context of the debt settlement, the Parties have come to the agreement that Hungary undertakes to finance a Cambodian development project in the amount of at least 40 million HUF which corresponds to the paid back amount.
In the course of their consultation State Secretary László Várkonyi and Mrs. Sun Saphoeun agreed that this project will be a reception centre for the victims of trafficking and other vulnerable groups. This project is actually an expansion of an already existing orphanage built with Hungarian help in the eighties.
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