DAP News, Friday, April 1, 2011 entitled "20th Anniversary, KOICA Decides to Provide grant 15 million US dollars to Cambodia "

20^th Anniversary, KOICA Decides to Provide grant 15 million US dollars to Cambodia

KOICA News Release: translate from local website
From KOICA Cambodia Office

News Release in DAP News,

Friday, 01 April 1, 2011 15:36 (by Mr. Pa Chetha)

Phnom Penh: As of April 1, 2011, it was 20 years ago that the Korea International Cooperation Agency (KOICA) was established its office and marked the 20^th anniversary of expanding its assistance to Cambodia. KOICA decided to provide grant 15 million US dollars to Cambodia this year, according to the press release.

According to the KOICA press release, receiving via electronic mail on Friday, April 1, 2011 revealed that since 1991, KOICA started cooperation program by providing office equipment to Cambodia. The amount of Grant Aid volume to Cambodia has been sharply increased from 6.3 million US dollars in 2006 to 14.8 million US dollars in 2010. In 2011, KOICA will provide 15 million US dollars to Cambodia through various cooperation programs such as development projects, invitation of trainees, dispatch of volunteers, etc.

The press release also stated that “KOICA will continuously support Cambodia to achieve its national development goals, by integrating its strategy with Cambodia’s National Strategic Development Plan (NSDP), and the government’s Rectangle Strategy. KOICA focuses on the development of 4 priority sectors—agriculture & rural development, health, education, and infrastructure”.

Having seen a rapidly increased development cooperation promoted between the two countries, KOICA set up an overseas office in Phnom Penh in 2003. Since then, it has played a leading role in bridging the people of the two countries with ODA program. KOICA has carried out 28 Project aid programs and invited 1,650 Cambodian officials to Korea as a part of human resource development program. For the volunteer program, KOICA has dispatched up to 240 Korean volunteers to Cambodia to work voluntarily for local institutions of the Cambodian Government. (Finished)