World Bank Regional Vice President for East Asia and the Pacific Ms. Victoria Kwakwa has lauded the active efforts of the Royal Government of Cambodia (RGC) in preventing the COVID-19 spread and in controlling the problems caused by this global health crisis.

In a meeting on June 24 via Videoconference with H.E. Aun Pornmoniroth, Deputy Prime Minister, Minister of Economy and Finance, Ms. Victoria Kwakwa congratulated the RGC on the access to vaccines so as to ensure rapid vaccination of targeted people, and highly valued the Post-COVID-19 Economic Recovery Plan 2021-2023 which is clear, realistic and comprehensive.

The regional vice president also expressed the World Bank’s full support for the RGC’s economic recovery plan by promising to review the Country Partnership Framework 2019-2023 so that it responds to the current COVID-19 context and is in line with the Post-COVID-19 Economic Recovery Plan 2021-2023.

In reply, H.E. Aun Pornmoniroth profoundly thanked and highly valued the good and solid cooperation between the RGC and the World Bank in the past more than two decades, reflected by the Bank’s active contribution with the RGC in this hard time of combating COVID-19 pandemic.

The Cambodian DPM told Ms. Victoria Kwakwa that the RGC had taken 8 rounds of intervention measures to protect people’s lives, maintain economic balance and people’s livelihood, especially that of poor and vulnerable households. The 9th round to restore and boost the economic growth during and after the COVID-19 crisis will be launched soon, he added.

Today, the World Bank’s Board of Executive Directors approved a US$200 million International Development Association (IDA) credit for the Cambodia Relief, Recovery and Resilience Development Policy Financing Project, which will help the country deal with the COVID-19 crisis by providing timely and targeted relief to affected people, facilitating robust recovery through structural reforms, and building resilience against future economic shocks.

Source: Agency Kampuchea Press

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