Cambodia to get $144m in development aid from China
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China will pledge at least US$144 million in grants and loans for Cambodia's economic development, officials said yesterday.
The Cambodian Foreign Ministry said that China would provide 700-million million yuan (about $112 million) in grants and an interest-free loan of 200 million yuan.
The two governments are also expected sign separate agreements today to boost greater cooperation in defence, education and construction sectors, ministry spokesman Kuy Kuong said.
He added than an inter-governmental coordination committee was established in 2013 to encourage greater bilateral cooperation. “Relations between Cambodia and China are now at the highest level,” the spokesman said.
