Posts Tagged ‘Finance’

Institute budgets for development

HA NOI — More than US$2 million has been earmarked for human resource development in the Greater Mekong Sub-region (GMS), following the annual meeting of the Mekong Institute Governing Council in Vientiane, the capital city of Laos, the Lao newspaper Vientiane Times reported yesterday. The money will be used to finance more than 50 capacity [...]

ADB gives $10 mln for Cambodia to improve public financial management

PHNOM PENH, Dec. 4 (Xinhua) — The Asian Development Bank is (ADB) providing 10.81 million U.S. dollars to support efforts by Cambodia to improve its public financial management to ensure thatmuch-needed government funds reach the rural poor, said an ADB press release here on Thursday. The program consists of a 6.71 million U.S. dollars of [...]

Chinese Arrive With Millions in Aid

Cambodia has put prime importance on Chinese financial assistance, which releases it from some international pressure, Prime Minister Hun Sen told a Chinese delegation Wednesday. “Loans or grants from China have released Cambodia from certain kinds of political pressure from international countries,” a government spokesman said, quoting Hun Sen’s address to a delegation led by [...]

Government Launches Next Phase of Finance Plan

Economic officials released the government’s plans for a second stage of public finance reform Wednesday, a day ahead of an annual donor meeting. Cambodia has long struggled with public finance, and its government operations are supported in large part by the hundreds of millions of dollars in aid from other countries and lenders such as [...]