China To Provide Nearly 1 Billion Yuan in Financial Assistance to Cambodia

image001The Government of China has decided to provide 700 million Yuan in grant aid and 200 million Yuan in concessional loan to support the social and economic development in Cambodia, according to the National Television of Cambodia (TVK).

The decision was made known yesterday afternoon during the bilateral meeting between Cambodian Prime Minister Samdech Akka Moha Sena Padei Techo Hun Sen and Chinese President H.E. Xi Jinping, on the sidelines of the 4th Summit of the Conference on Interaction and Confidence Building Measures in Asia (CICA) to be held on May 20-21 in Shanghai.

During the meeting, both leaders expressed their strong commitment to further strengthen and expand the cooperation between the two countries.

H.E. Xi Jinping said China always welcomes the visit of Samdech Techo Hun Sen and other Cambodian high-ranking officials, especially the Cambodian youths. Furthermore, the Chinese leader affirmed to continue to assist Cambodia through the purchase of Cambodian agricultural produce and the encouragement of Chinese tourists to visit Cambodia.

For his part, Samdech Techo Hun Sen thanked profoundly the Government and people of China for their support to Cambodia’s development and rehabilitation. Cambodia’s current development and achievements, especially the rapid economic growth, are inseparable from China’s assistance, he underlined.

While Cambodia is going to host the SEA Games in 2023, Samdech Techo Hun Sen requested the Chinese side to provide more support to the infrastructure development in Cambodia.

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