Dec 3, 2008
China loans Cambodia $305m
PHNOM PENH - CHINA on Wednesday gave impoverished Cambodia more than
US$200 million (S$305 million) in loans and grants to re-build the
country's infrastructure, a government official said.
Chinese and Cambodian officials inked an agreement to give a
200-million-
between Prime Minister Hun Sen and China's visiting top political
advisor Jia Qinglin, government spokesman Khieu Kanharith said.
During the meeting, Mr Jia also announced a grant of US$7.26 million and
the same amount as a non-interest loan, he said.
The announcement came just a day before the annual aid meeting between
the government and international donors.
Last year, Cambodia's donors pledged US$689 million to the impoverished
country, including tens of millions from China.
China, a former patron of the genocidal Khmer Rouge regime, routinely
gives Cambodia hundreds of millions in aid outside the donor structure,
and has been repeatedly praised by Mr Hun Sen for not attaching any
conditions to its money. -- AFP
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