Wednesday, March 17, 2010

Cambodian Financial Aid from the Federal Republic of Germany for 2009 and 2010 Amounts to Euro 36 Million

The Mirror, Vol. 14, No. 656

“Phnom Penh: A delegation of the Federal Republic of Germany arrived in Cambodia last week to sign agreements with the Royal Government of Cambodia relating to grant aid for 2009 and 2010 of about Euro 36 Million [approx. US$49 million].

“The spokesperson of the Ministry of Economy and Finance said that last week, the senior delegation of the Federal Republic of Germany led by the Minister of Economic Cooperation and Development of Germany, came to visit to study the progress of Cambodian developments. The forty two delegates are from the Ministry of Economic Cooperation and Development, the parliament, civil society, and private financing agencies of Germany, and also journalists.

“The spokesperson said that the delegates met with the Minister of Economy and Finance, Deputy Prime Minister Keat Chhon, in the afternoon of 10 March 2010 before signing agreements between the Royal Government of Cambodia and the Federal Republic of Germany about financial cooperation.

“Officials said that the financial cooperation for 2009 amounted to Euro 19 million [approx. US$26] to implement three projects: the second phase health program with Euro 6 million [approx. US$8], the regional economic development project also with Euro 6 million, and the second phase rural infrastructure development with Euro 7 million [approx. US$10].

“Officials went on to say that regarding financial cooperation for 2009 and 2010, the Federal Republic of Germany promised to provide Euro 36 million [approx. US$49], where Euro 34 million [approx. 46 million] is new aid and the rest is aid promised in 2007. Officials added that the aid for 2009 and 2010 is planned to be spent in the health sector with Euro 10.25 million [approx. US$14], for rural development with Euro 22 million [approx. US$30], and for other sectors Euro 3.75 million [approx. US$5].

“Officials of the Ministry of Economy and Finance added that despite the bad impact from the global financial and economic crisis, the Federal Republic of Germany keeps providing aid to Cambodia of about Euro 34 million for two years. According to the official statistics of Cambodia, between 1992 and 2009, the Federal Republic of Germany provided US$280 million [approx. US$384]. Based on these statistics, the Federal Republic of Germany is the fifth donor of Cambodia after China, Japan, the United States of America, and France.

“The officials continued to say that the senior delegation of the Federal Republic of Germany will visit Siem Reap to study the progress of a program implementation for ‘Regional Economic Development’ which includes the green ring area project being implemented by the Apsara Authority.” Rasmei Kampuchea, Vol.18, #5151, 16.3.2010

Source: http://cambodiamirror.wordpress.com/2010/03/16/financial-aid-from-the-federal-republic-of-germany-for-2009-and-2010-amounts-to-euro-36-million-tuesday-16-3-2010/


Source photo: http://www.fahnenversand.de/shop/id/691/nr/detailansicht.htm

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