Logo of Phnom Penh Post newspaper Phnom Penh Post - Oz pledges $66M for economic resilience

Oz pledges $66M for economic resilience

Content image - Phnom Penh Post
The project will focus on four priority areas: trade and investment, agriculture and processing of agricultural products, infrastructure and the social and gender inclusion. INFORMATION MINISTRY

Oz pledges $66M for economic resilience

Australia plans to provide about A$90 million (US$66 million) in funding to Cambodia for a new bilateral project dubbed “Resilience Economic Development”, according to the Council for the Development of Cambodia (CDC) on September 15.

The CDC said in a statement that the initiative would be implemented next year, adding that the island nation is committed to continue supporting financing for a number of other projects.

Plans were unveiled at a meeting on September 13 between Chhieng Yanara, secretary-general of the CDC’s Cambodian Rehabilitation and Development Board (CRDB) and Australian embassy deputy head of mission Andreas Zurbrugg.

Zurbrugg said in the statement that Australia would launch the project in 2022, with an initial duration of five years and a possible three-year extension.

“The project will focus on four priority areas: trade and investment, agriculture and processing of agricultural products, infrastructure and the social and gender inclusion,” he said.

Yanara, who is also a deputy prime minister, highly praised the Australian government’s efforts to prop up Cambodia’s socio-economic development during the Covid-19 outbreak.

“I would like to express appreciation to Australia for initiating a programme that is consistent with the strategic plan for socio-economic rehabilitation after Covid-19, with a focus on rehabilitation approaches, reform and resilience,” he said.

The CDC said Australia would also provide additional funding of about A$35 million to bankroll the purchase of three million doses of coronavirus vaccines through UNICEF and the World Health Organisation, to underpin the Cambodian government’s Covid-19 inoculation drives nationwide.

In addition, the Australian government will provide additional funding for two other initiatives, also planned for 2022-2027: some A$30 million for Phase II of the Health Equity and Quality Improvement Project (H-EQIP II) and about A$15 million for Phase II of the Implementation of the Social Accountability Framework (ISAF II).

Zurbrugg shared that Australia has provided about A$66 million in funding for 2021 to support development programmes that focus on security, health, resilience, the economy, agriculture and education.

MOST VIEWED

  • Siem Reap drain canal now ‘mangrove’ promenade

    A more than half a kilometre long stretch of canal in Siem Reap has been covered and turned into a promenade to attract visitors, said Ly Rasmey, secretary of state at the Ministry of Land Management, Urban Planning and Construction, on September 16. The new pedestrianised

  • Typhoon Noru brings flash floods – 16 dead

    An official warned that that the 16th typhoon of the season, Noru, had brought heavy rains to areas the Mekong River and flooded thousands of homes in the provinces bordering Thailand. As of September 27, the death toll from the flooding had risen to 16. National Committee

  • Angkor wildlife, aquarium park still to open October

    The Angkor Wildlife and Aquarium complex about 30km southeast of Siem Reap town with initial total investment of more than $70 million is reportedly still on track for an end-October opening. The park is located on a 100ha plot along National Road 6 in Kbon village, Khchas

  • Final verdicts for Khmer Rouge leaders ‘vital’ for next generation

    Nearly a decade after the commencement of Case 002/02 against Khieu Samphan back in 2014, the Extraordinary Chambers in the Courts of Cambodia (ECCC) is now set to deliver its final verdict for the former Khmer Rouge head of state. The Supreme Court Chamber of the ECCC,

  • Defence minister reaffirms Kingdom’s staunch support for One-China policy

    Minister of National Defence General Tea Banh has reaffirmed Cambodia’s unwavering support for the One-China policy. Tea Banh was speaking at the September 20 ceremonial handover of 117 vehicles and other military equipment donated by China’s defence ministry, held at Phnom Chumreay International Military Training

  • Deaths due to ‘lifestyle’ diseases rise in Kingdom

    The Ministry of Health has called on people to pay closer attention to their health to protect themselves from non-communicable diseases (NCDs) which it said have caused high rates of deaths in the country. Ministry secretary of state York Sambath made the call at a