Japan Loans over $53 Million to Improve Agriculture and Education
Cambodia will receive a concessional loan package of $53.3 million US dollars from Japan to restore the irrigation canal system and another $700,000 dollars grant aid to enhance education materials for minerals resources and topology department of the Institute of Technology of Cambodia (ITC), the media release from the Foreign Ministry of Cambodia said last week. The signing ceremony of the loan agreement will be inked on August 15th at the ministry by Deputy Prime Minister H.E. Hor Namhong, Minister of Foreign Affairs and Japanese Ambassador to Cambodia, H.E. Masafumi Kuroki, along with the presence of Prime Minister Samdech Hun sen. “The loan will help restore irrigation canals, dikes and water locks at western parts of Tonle Sap,” it said… The ambassador said: there is a spotlight on the Ministry of Water Resource and Meteorology to implement and improve its capacities to resist natural disasters caused by climate changes. So far, about 80 percent of the Cambodian population is living in the rural regions, and some 75 percent of them are still living in poverty.
