Mr. Haruhiko Kuroda (L) meeting Cambodia's Finance Minister Keat Chhon in Phnom Penh on 4th April.AKP Phnom Penh, April 6, 2012 –The Asian Development Bank (ADB) is planning to provide some US$752-million cooperation financing to Cambodia to support its development projects from 2012-2014, Ministry of Economy and Finance’s spokesperson said.
Under the 2012-2014 cooperation framework, ADB would provide US$622 million in concession financing and US$130 million as co-financing from other development partners, the spokesperson told reporters following the meeting here on April 4 between Deputy Prime Minister and Minister of Economy and Finance H.E. Keat Chhon and ADB President Mr. Haruhiko Kuroda.
Besides, ADB is also planning to provide US$42 million in technical assistance to Cambodia, he added.
Since 1992, ADB has provided in total US$1,588 million, of which US$1,273 million in concession loan and US$315 million in grant.
By Phanarong
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