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Thursday, May 29, 2014

Cambodia, S. Korea To Sign the Framework Arrangement on Grant Aid for 2014

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AKP Phnom Penh, May 29, 2014 –

Cambodia and the Republic of Korea will sign the Framework Arrangement on Grand Aid for the year 2014
up to the amount of US$21 million to implement four projects, according to a press release of the Ministry of
Foreign Affairs and International Cooperation (MFA-IC).

The document will be inked on June 2, 2014 by H.E. Hor Namhong, Deputy Prime Minister and Minister of
MFA-IC, and H.E. Kim Han-soo, Ambassador of the Republic of Korea to Cambodia, the press release pointed out.

Of the total fund, US$8 million will be used for the Self-Supporting Rural Development Project with
Saemaul Undong (SMU)’s Participatory Approach, US$2.5 million for the Project for Securities Market
Development in Cambodia, US$5 million for Cambodia Health Sector Support Program (HSSP), and US$5.5

million for the Project for Feasibility Study on Waterway Improvement for Port Logistics Development in
Cambodia, it underlined.

By Khan Sophirom

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