China lends Cambodia US$200m

December 5, 2008 at 3:54 am Leave a comment

AFP – December 3, 2008

PHNOM PENH – CHINA on Wednesday gave impoverished Cambodia more than US$200 million  in loans and grants to re-build the country’s infrastructure, a government official said.

Chinese and Cambodian officials inked an agreement to give a 200-million-dollar-loan to rebuild roads in the kingdom during a meeting between Prime Minister Hun Sen and China’s visiting top political advisor Jia Qinglin, government spokesman Khieu Kanharith said.

During the meeting, Mr Jia also announced a grant of US$7.26 million and the same amount as a non-interest loan, he said.

The announcement came just a day before the annual aid meeting between the government and international donors.

Last year, Cambodia’s donors pledged US$689 million to the impoverished country, including tens of millions from China.

China, a former patron of the genocidal Khmer Rouge regime, routinely gives Cambodia hundreds of millions in aid outside the donor structure, and has been repeatedly praised by Mr Hun Sen for not attaching any conditions to its money.

Entry filed under: Economy and Trade, Politics. Tags: .

World Bank helps Cambodia to strengthen Demand for Good Governance Donor countries pledge about $1 bln to Cambodia for 2009

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