The Government of Australia has pledged to provide US$107 million to Cambodia under the Cambodia-Australia Partnership for Resilient Economic Development (CAP-RED) programme for eight years, from 2022-2030.

The information was made in a press release issued after the meeting here on Mar. 31 between H.E. Aun Pornmoniroth, Deputy Prime Minister, Minister of Economy and Finance and H.E Pablo Kang, Australian Ambassador to Cambodia.

The grant aid of US$107 million will be extended in two stages – US$65 million of which will be from 2022 to 2027 and the rest of US$42 million will be from 2028 to 2030.

In the meeting, H.E. Aun Pornmoniroth expressed profound thanks to the Government and people of Australia for their assistance to Cambodia in combating the COVID-19 pandemic.

Australia s always supports Cambodia in socio-economic development through the technical and financial assistance in a number of key areas, especially agriculture, infrastructure, education, energy, etc., he said.

For his part, H.E. Pablo Kang underlined the long-standing and close cooperation between the Government of Australia and the Royal Government of Cambodia, reaffirming Australia’s cooperation with and support for Cambodia.

Cambodia and Australia mark this year the 70th anniversary of the establishment of their diplomatic relations.

Source: Agency Kampuchea Press

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