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Friday, April 6, 2012

ADB Plans to provide US$752 million for 2012-2014

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ADB Plans to provide US$752 million for 2012-2014

            ADB plans to provide Cambodia with US$752-million-cooperative financing of which 622 million is concessional loan from ADB and the rest is from other development partners for 2012-2014 to further support development projects in all sectors. Besides, it also plans to provide technical assistance totaled 42 million dollars, the official at the Ministry of Economy and Finance told reporter after the meeting between DPM Keat Chhon and ADB President, Haruhito Kuroda, on 04 April, adding that, from 1992 to 2012, ADB has provided Cambodia with US$1,588 million (concessional credit 1,273 million and grant 315 million). (Rasmei Kam.)

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