EU funding to the Kingdom rises threefold
The European Union’s delegation to Cambodia will almost triple its funding to the Kingdom over the next five years because the bloc’s aid policy has shifted its focus to least developed countries. Jean-François Cautain, ambassador for the European Union’s delegation to Cambodia, announced the EU would inject $510 million into Cambodia between 2014 and 2020, compared with $189 million between 2007 and 2013. … The event, at Phnom Penh’s Sisowath High School, was held to announce a separate two-year $46.4 million funding package for Cambodia’s Ministry of Education, Youth and Sport. … Chuon Naron welcomed the EU’s $46.4 million boost to his ministry’s budget, saying the funds were necessary to continue the improvements. …
Shaun Turton
http://www.phnompenhpost.com/national/eu-funding-kingdom-rises-threefold
