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World Bank Prepares To Support Cambodia’s Development Plans

 

Date: 2019-05-29

News Type: Marketing News

 

The World Bank has pledged financial support to help boost the Cambodian economy, Cambodia's Ministry of Economy and Finance confirmed. The bank is set to approve $1 billion in funding for the development of the country's key sectors.

According to the Khmer Times, the bank's board of directors is expected to approve the billion-dollar soft loan later this month. The funding is part of the cooperative deal with Cambodia that should cover four years, from 2019 to 2023.

Acting Minister of Economy and Finance Vongsey Visoth said while the World Bank has finally expressed its willingness to support the country's economic drive, Cambodia still needs to push itself forward.
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Source From: Business Times

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