via CAAI News Media
June 03, 2010
Foreign donors have pledged 1.1 billion U.S. dollars assistance to Cambodia for this year at the two-day Cambodia Development Cooperation Forum (CDCF) meeting ended Thursday.
Keat Chhon, Deputy Prime Minister and Minister of Economy and Finance told reporters that donors had pledged 1.1 billion U.S. dollars, the sufficient amount that Cambodia needs for development plan.
Keat Chhon said during the two-day forum, Cambodia had told donors of development and progress made since the last meeting on various issues, especially, the government reforms on key issues including land issues and administration.
The forum is designed for foreign donors to review works implemented by the government since the last forum and to discuss how much amount they should provide more financial aid to Cambodia for this year.
The theme of the 2010 Cambodia Development Cooperation Forum ( CDCF) meeting was "Implementation of the Rectangular Strategy- Phase II."
This theme sets the stage for dialogue on the recently updated National Strategic Development Plan, which has been extended to 2013 and sets out a path for Cambodia to return to a path of sustainable and high level growth in the wake of the global economic downturn.
At the opening of the two-day forum, Cambodia's Prime Minister Hun Sen said his government is committed to continue reforms in key sectors such as good governance, anti-corruption, legal and judicial reform, and land issues among others.
The meeting was attended by senior official from ministries and department of government, approximately 25 delegations from the international community including development partners and diplomatic missions and representation from civil society and the private sector.
It is an annual forum conducted since 1996, but this time is the third kind organized and conducted in Cambodia with those foreign donors, which is named in short as CDCF.
Such forum, in many years ago, was held in France and in Japan, but later moved to Phnom Penh for better convenance as foreign resident ambassadors in Cambodia can act on behalf of their governments without need to travel afar.
Among foreign donor countries include China, the United States, Japan and Germany.
In December 2008, foreign donors pledged 951 million U.S. dollars for 2009 and early 2010, and for the pledges made for 2008 worth 690 million U.S. dollars.
All the pledges of the financial support have been and will be spent for many development sectors including infrastructure, health, education and good governance.
Source: Xinhua
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