Carol A. Rodley. U.S Ambassador to Cambodia.
Phnom Penh (VNA) – The US has launched a 21 million-USD programme to help farmers and others in Cambodia's impoverished countryside alleviate poverty and increase earnings, local media reported.
The economic growth initiative, which will unfold over four years, also aims to create a better investment climate between entrepreneurs and local or national government offices, the Phnom Penh Post on Mar. 7 quoted a statement from the US Embassy as saying.
Previous economic development programmes, administered through the US Agency for International Development (USAID), have helped more than 1,600 small businesses in Cambodia increase their sales by as much as 500 percent, generating new revenues of 6.5 million USD on an initial investment of 1.5 million USD, according to the paper. (VNA)
The economic growth initiative, which will unfold over four years, also aims to create a better investment climate between entrepreneurs and local or national government offices, the Phnom Penh Post on Mar. 7 quoted a statement from the US Embassy as saying.
Previous economic development programmes, administered through the US Agency for International Development (USAID), have helped more than 1,600 small businesses in Cambodia increase their sales by as much as 500 percent, generating new revenues of 6.5 million USD on an initial investment of 1.5 million USD, according to the paper. (VNA)
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