A US$ 13 million agreement to support Cambodia’s poorest

Cambodia’s Deputy Prime Minister and Minister of Economy and Finance H.E. Keat Chhon (right) and World Bank Country Director Ms. Annette Dixon (left) sign a US$ 13 million agreement to support Cambodia’s poorest through a new food security and social safety net program in a ceremony held here on August 4.

The additional new aid of US$ 13 million is made up of an US$ 8 million grant from the Global Food Respond Program (GFRP) and AusAid, and a US$ 5 million credit from the World Bank.

At the signing ceremony, DPM H.E. Keat Chhon said the credit and grant agreements that were signed Tuesday will contribute to the government’s medium-term, five-year rectangular strategy as set forth by Cambodian prime minister after his new government was formed in 2008.