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Germany to sign $50m agreements with Cambodia


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August 13, 2008

Germany to sign $50m agreements with Cambodia

Germany is scheduled to sign two agreements with Cambodia Wednesday, involving a total allocation of more than $50 million to the impoverished Asean nation, reported The Earth Times online newspaper on Tuesday.

The Earth Times quoted the officials at German embassy in Phnom Penh as saying that the two agreements are worth $24.7 million and $26.7 million.

The first is an agreement on technical cooperation that includes technical support on social welfare projects and developments in electricity supply, agriculture and irrigation.

The second is for financial cooperation for projects including social welfare, reproductive health, electric power programmes in rural areas and rural infrastructure.

“This is direct bilateral cooperation,” the embassy official said. “It does not include the substantial amounts being provided by Germany through various non-government organizations.”

Negotiations on the development aid agreement were concluded in October and a signing ceremony scheduled Wednesday at the Foreign Ministry would formalize them, the embassy official said.

Germany is an important donor to Cambodia and donated millions to the joint UN-Cambodian court set up in July to try former Khmer Rouge leaders.

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