September 06, 2007 The World Bank (WB) has signed agreements with the Cambodian government to grant the kingdom 70 million U.S. dollars of aid to support three development projects, local media said on Thursday.
Among the money, 18.5 million U.S. dollars will go for an energy project along the Mekong River, 15 million U.S. dollars for a poverty reduction project, and the rest for a rural investment and local governance project, Cambodian-language newspaper the Koh Santhepheab quoted Nisha Agrawal, WB's country director, as saying.
The WB is among the country's major donor institutions. Around half of the Cambodian government's annual budget, some 600 million dollars, used to be met by donor countries and institutions.
Source:Xinhua
Ki-Media:http://ki-media.blogspot.com/2007/09/wb-donates-70-mln-usd-for-three.html
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