Chinese bank AIIB ready to loan Cambodia money for infrastructure.

Whether you're a working stiff or a business owner yourself, this is the place to discuss all aspects of financing your drinking habit ;-)

NO BUSINESS SALES HERE PLEASE, WE HAVE A SECTION FOR THAT IN THE CLASSIFIEDS.
User avatar
CEOCambodiaNews
Expatriate
Posts: 21131
Joined: Sun Oct 12, 2014 5:13 am
Reputation: 722
Location: CEO Newsroom in Phnom Penh, Cambodia
Contact:
Cambodia

Chinese bank AIIB ready to loan Cambodia money for infrastructure.

Post by CEOCambodiaNews » Thu Jan 19, 2017 8:53 pm

Cambodia will begin applying for a loan from the newly established China-backed Asian Infrastructure Investment Bank (AIIB) from next year in response to the current need for infrastructure development.

Visiting AIIB vice president and chief investment officer D.J. Pandian met with Vongsey Vissoth, secretary of state at Cambodia’s Finance Ministry, on Tuesday at the ministry.

The AIIB is focused on supporting infrastructure development in the Asia-Pacific region. It was proposed by China in 2013 and launched at a ceremony in Beijing in October 2014. Cambodia, along with 49 other prospective founding members, signed the Articles of Agreement on June 29, 2015, in Beijing.

Mr. Pandian said his visit was to follow up on cooperation between the bank and Cambodia, especially to learn about the country’s need for infrastructure development and other potential projects to see if the Cambodian government wanted to apply for a loan...

http://www.khmertimeskh.com/news/34470//
Cambodia Expats Online: Bringing you breaking news from Cambodia before you read it anywhere else!

Have a story or an anonymous news tip for CEO? Need advertising? CONTACT US

Cambodia Expats Online is the most popular community in the country. JOIN TODAY

Follow CEO on social media:

Facebook
Twitter
YouTube
Google+
Instagram
  • Similar Topics
    Replies
    Views
    Last post

Who is online

Users browsing this forum: No registered users and 32 guests