Germany to provide Cambodia $66M in loans, grants for infrastructure, poverty reduction
The German government announced on Tuesday that following negotiations with Cambodian officials it has decided to approve a package of $34 million in loans and $32 million in grants to develop rural infrastructure and reduce poverty. A press release by the German Embassy urged Cambodia, however, to reverse last year’s democratic backsliding and deterioration in human rights in order to avoid the impending loss of duty-free EU market access for its garment sector and other export industries under the union’s Everything But Arms (EBA) scheme. …
Kann Vicheika
https://www.voacambodia.com/a/germany-to-provide-cambodia-66m-in-loans-grants-for-infrastructure-poverty-reduction/4920662.html
