H.E. Ouk Rabun hold talks with Hungary's vice minister of Development and National Economy

Cambodia's Secretary of State of Economy and Finance H.E. Ouk Rabun hold talks with Mr. Abel Garamhegyi, Hungary's vice minister of Development and National Economy in Phnom Penh on Mar.9.

On the occasion, Mr. Abel Garamhegyi told his Cambodian counterpart that Hungarian government will forgive 50% of debt, that Cambodia owed to Hungary in 1980s and the remaining 50%, Hungary to provide to Cambodia as grant aid and it will sign a new cooperation agreement with Cambodia for providing another USD 50 million in soft loans for the development of infrastructure and agricultural fields.

In reply, H.E Ouk Rabun said the 50% grant aid will be used for the Hungary's existing development projects in Cambodia.