Cambodia will receive over 689 million U.S. dollars in aid from donor countries and NGOs in 2007 to implement the Millennium Development Goals (MDG), said the donors' meetings on Wednesday.
"The finance will be used for improving Cambodia's MDG from good governance to sanitation and clean water sectors," said the statement from the two-day First Cambodian Development Cooperation Forum (CDCF).
The figure is 15 percent higher than the 601 million U.S. dollars in 2006, it said, adding that it is expected to be 582 million U.S. dollars in 2008 and 475 million U.S. dollars in 2009.
For 2007, Japan alone provides over 112 million U.S. dollars, remaining the biggest donor country for Cambodia, while China trails Japan with over 91 million U.S. dollars, said the statement from the meeting concluded on Wednesday.
International donations used to account for half of the annual government budget of Cambodia, whose poverty rate decreased from 47 percent in 1993 to 35 percent in 2004.
According to the government's report, between 1994 and 2006, the average annual economic growth rate of Cambodia was 9.8 percent. In 2005 and 2006, the rates respectively stood at 13.4 percent and 10.4 percent.
Source: Xinhua
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