Japan Provides More Support for Cambodia
AKP Phnom Penh, November 06, 2020
The Government of Japan has decided to extend ¥300,000,000, approximately US$2.7 million, in Grant Aid and ¥25,000,000,000, approximately US$227 million, in loan to the Royal Government of Cambodia (RGC) to support two projects.
The decision was made in response to a request from the RGC, and with a view to strengthening friendly and cooperative relations between Japan and the Kingdom of Cambodia, underlined a press release of the Embassy of Japan in Phnom Penh issued this afternoon.
According to the press release, the Grant Aid for the “Economic and Social Development Programme” will support the National Police and the General Department of Immigration at the Ministry of Interior in the procurement of equipment. This cooperation aims to strengthen the capacity of those institutions by providing equipment, including vehicles for security use, such as the guarding of very important persons, and X-ray inspection machines for use at land borders. It is expected that this equipment will help ensure that large-scale events, such as upcoming international conferences, will be held safely and run smoothly.
Co-financed with Asia Development Bank, the loan – the “COVID-19 Crisis Response Emergency Support Loan” – is intended to help curb the spread of the novel coronavirus, maintain and activate economic and social activities that will help to protect the economy, and preserve social protection. This highly concessional loan is in addition to the grant of more than 5 billion yen (equivalent to US$45 million) in response to COVID-19, which provides the rehabilitation of Siem Reap Refferal Hospitals, medical equipment across the country, and technical assistance. Through the effective utilisation of this yen loan, it is expected that Cambodia’s economy and society will recover quickly due to the strengthening of the medical system and social support for the poor and vulnerable, and the provision of financial support to entrepreneurs, including small and medium-sized enterprises.
“As Cambodia continues to develop its economy, it is important that the quality of life of each and every citizen of the country improves alongside national economic development. Japan would like to continue to support the Royal Government’s efforts by utilising a variety of economic and social development schemes,” said the same source.
Notes to this effect were exchanged between Cambodian Deputy Prime Minister and Minister of Foreign Affairs and International Cooperation H.E. Prak Sokhonn, and Japanese Ambassador to Cambodia H.E. Mikami Masahiro, on Nov. 6, 2020.
By C. Nika