World Bank approves $1 billion in development assistance

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Adam Xie
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World Bank approves $1 billion in development assistance

Post by Adam Xie » Thu Sep 19, 2019 11:51 am

Khmer times:

The World Bank has officially approved the disbursement of $1 billion to develop priority sectors in Cambodia, the Ministry of Economy and Finance announced Monday.

The framework focuses on state efficiency and boosting private sector development. It will address several challenges related to supporting Cambodia’s financial and business sectors, as well as improving the efficiency and effectiveness of the public sector.

The framework will support the development of Cambodia’s human capital and focuses on improving agricultural productivity and strengthening the sustainable use of natural resources.

https://www.khmertimeskh.com/50643974/w ... ssistance/
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Re: World Bank approves $1 billion in development assistance

Post by Duncan » Thu Sep 19, 2019 12:21 pm

Quote from Srey Mom at Candy Bar,,,, Even the most uneducated bargirl knows that it's not the size that counts, it's what you do with it , so they should have just made an approval for a 5 billion dollar development assistance and it would have the same result.
Cambodia,,,, Don't fall in love with her.
Like the spoilt child she is, she will not be happy till she destroys herself from within and breaks your heart.
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Re: World Bank approves $1 billion in development assistance

Post by Adam Xie » Sat Sep 21, 2019 9:32 am

Duncan wrote:
Thu Sep 19, 2019 12:21 pm
Quote from Srey Mom at Candy Bar,,,, Even the most uneducated bargirl knows that it's not the size that counts, it's what you do with it , so they should have just made an approval for a 5 billion dollar development assistance and it would have the same result.
True
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Re: World Bank approves $1 billion in development assistance

Post by newkidontheblock » Sun Sep 22, 2019 8:33 am

Counter weight to Mainland China’s Belt and Road initiative. Soft policy, similar to what the Japanese have been doing.

Plus when Cambodia decides not to pay back any of the loans, the World Bank can’t seize the entire country for non-payment.
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