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NEWS

U.S. to provide additional $66.2 million to aid Cambodia’s development

Property Invest in Cambodia-The Royal Government of Cambodia and the Government of the United States of America have officially inked the exchange of notes reflecting the addition of $66.2 million to the development project agreement grants for Cambodia.

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The signing ceremony taking place yesterday was presided over by Cambodian Senior Minister in Charge of Special Missions and Vice-Chairman of the Council for Development of Cambodia (CDC) Chin Bun Sean representing the Cambodian side and Ms Veena Reddy, the Cambodia Mission Director of the Agency for International Development, the U.S. side.

According to the CDC’s press release, the additional funding will support Public Health and Education ($43.3 million) and Agriculture and Environment ($22.9 million).

From 1992 to 2019, the U.S. Government provided approximately $1.5 billion in assistance, equivalent to 6.10 percent of total ODA disbursement by all development partners to Cambodia, focusing on priority sectors such as health, education, environment, agriculture, governance, democratic development, and de-mining.

The assistance is well aligned with the RGC’s priority as outlined in the Rectangular Strategy IV and the National strategic Development Plan 2019-2023, added the same source.

On behalf of the Royal Government of Cambodia, the Council for the Development of Cambodia thanked both the U.S. government as well as its citizens for their continued support and commitment to the inclusive and sustainable socio-economic development of Cambodia.