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Wednesday, September 5, 2012

Sweden Grants Almost US$60 Million to Cambodia

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Sweden Grants Almost US$60 Million to Cambodia

AKP Phnom Penh, September 05, 2012 — 

The Government of Sweden has announced to provide some US$59.4 million in aid to the Royal Government of Cambodia to strengthen human resource development and to cope with climate change.

The grant aid agreement was inked here this morning by H.E. Keat Chhon, Deputy Prime Minister and Minister of Economy and Finance, and H.E. Ms. Anne Hoglung, Ambassador of Sweden to Cambodia at the Council for the Development of Cambodia. 

On the occasion, H.E. Keat Chhon said the grant aid will support prioritized sectors in Cambodia including democratic development, human rights, education, and climate change for 2012-2013. 

“I believe that this financial assistance will contribute to the sustainable development and economic growth in Cambodia,” he said. 

For her part, H.E. Ms. Anne Hoglung said this grant aid will help strengthen human resource development, human rights respect and environmental protection in Cambodia as well as the bilateral ties between the two countries.

By KHAN Sophirom


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