A Change of Guard

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Tuesday, 21 April 2009

ADB provides large amount of assistance to Cambodia in past decades

The Asian Development Bank (ADB) provided Cambodia with 940 million U.S. dollars of loans and 120 million U.S. dollars of grants until December 2007, national media said on Monday.

Meanwhile, Cambodia has won 94 million U.S. dollars of aid from ADB in relevant technical projects during the same period, Chinese-language newspaper the Sinchew Daily quoted an ADB press release as saying.

The kingdom also benefited from 810 million U.S. dollars of grants and 1.05 billion U.S. dollars of loans that ADB provided to its member countries in 2008, according to the press release.

Cambodia became a member country of the ADB in 1966, later retreated from the organization due to its civil war, and then regained its membership in 1992.

Source: Xinhua

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