China loans $1.2bn for Cambodia
Chinese Vice President Xi Jinping officially has visited Cambodia during a three-day state visit. China agreed to give US$1.2 billion in interest-free loans for Cambodia’s economic development in 14 different agreements during a signing ceremony at the Council of Ministers.
Khieu Kanharith, Information Minister and government spokesman, told reporters during a press conference that Cambodia accepts [...]
ADB granted $59.4 m in loans to Cambodia
In response to fight against the global financial crisis, the amount of $59.4 million in concessional loans has been granted to Cambodia by Asian Development Bank (ADB).
The money has been made available through the bank’s Asian Development Fund (ADF), which received a $400 million boost Tuesday as part of a much broader $3.4 billion fiscal [...]