Logo of Phnom Penh Post newspaper Phnom Penh Post - Swiss gov’t pledges $58M development grant over 2022-25

Swiss gov’t pledges $58M development grant over 2022-25

Content image - Phnom Penh Post
Chhieng Yanara, secretary-general of the Council for the Development of Cambodia’s (CDC) Cambodian Rehabilitation and Development Board. CDC

Swiss gov’t pledges $58M development grant over 2022-25

The Swiss government on June 3 pledged up to 52 million francs ($58 million) in grants for the Kingdom’s development over the next four years, the Council for the Development of Cambodia (CDC) said in a statement.

The pledge was made during an online meeting between the Cambodian-Swiss governmental consultation on the draft Swiss Mekong Region Cooperation Programme 2022-2025.

The Cambodian delegation was led by the CDC Cambodian Rehabilitation and Development Board secretary-general Chhieng Yanara, and the Swiss side was headed by Swiss Agency for Development and Cooperation (SDC) director of cooperation Markus Buerli.

The meeting was attended by senior and technical officials from 20 Cambodian ministries and government agencies, and about 60 SDC officials.

According to the CDC, through the Swiss Mekong Region Cooperation Programme 2022-2025, the Swiss government plans to provide up to 133 million francs in grants, organised into two levels: the country level – for Cambodia and Laos – and regional level.

Of that, the Swiss government plans to provide up to 52 million francs, or 13 million per year, to support the implementation of the programme in the Kingdom, the CDC said.

Between 2000 and 2020, the Swiss government awarded a total of $142 million in grants to the Kingdom in support of development projects, it said citing data from the Cambodia Cooperation Finance Database.

MOST VIEWED

  • Tensions high ahead of historic Kun Khmer match up

    The long-awaited November 5 matchup between Kun Khmer legend Prum Samnang and Myanmar-Canadian boxer Dave Leduc has become the most anticipated fight of the year. The Wurkz Sena Kun Khmer promotion, which will be held at the Town Arena at Chip Mong 271 Megamall, will see six

  • Manet: Cambodia safe for travel

    Prime Minister Hun Manet acknowledged that Cambodia and China have cooperated to tackle internet scamming, fraud and other cross border crimes, but insisted that the “Kingdom of Wonders” is completely peaceful and safe. He welcomed tourists to come and explore its rich heritage. During a

  • Kep selected for ‘world-class’ 2.7km beach development

    Kep province has been selected as the first site of a new coastal development initiative, with a “world-class” 2.7km beach planned for the near future. The Kep Provincial Administration met with the National Committee for Coastal Management and Development to discuss the development of the

  • UNESCO formally list Battambang gastronomy

    Battambang, renowned for its cultural heritage, has achieved a significant milestone as the first Cambodian municipality to join the UNESCO Creative Cities Network (UCCN). The UCCN unites nearly 300 cities prioritising creativity and cultural industries in local development plans and international cooperation. On World Cities Day,

  • Angkor causeway symbol of Cambodia-Japan ties

    In a historic moment marking another milestone in the 70-year-long diplomatic relations between Cambodia and Japan, King Norodom Sihamoni celebrated the formal inauguration of a causeway located to the west of the world-renowned Angkor Wat. While presiding over the November 4 ceremony, the King emphasised the

  • Cambodia pivots to solar, wind energy

    Cambodia is planning a move towards solar and wind energy to meet its rising power demands, according to Minister of Mines and Energy Keo Rottanak. On the sidelines of the Singapore International Energy Week event held recently, Rottanak emphasised the urgency of diversifying Cambodia’s