France Pledges €600 million in Financing to Cambodia for Next Six Years

The French government has pledged to increase the amount of official financing for Cambodia to approximately €120 million per year for the six years from 2021 to 2026, focusing on infrastructure and other developments.

The pledge was made during an online meeting between Minister Delegate to the Prime Minister and Permanent Secretary of the Ministry of Economy and Finance HE Vongsey Visoth and Representative of the French Agency for Development (AFD) R-mi Genevey, and French Ambassador to Cambodia Eva Ngyen Binh on 31 May.

HE Vongsey Visoth stated that France is an important development partner in providing both technical and financial support since after the Paris Peace Accords.

Based on this, Cambodia has received co-financing of approximately €867 million, of which state concessional loans amount to €507 million, he added.

Among all the financing programs, from 2018 to 2021, France, through AFD, has provided Cambodia with more than €240 million for clean water development, education, rural infrastructure rehabilitation, agricultural development, and climate change mitigation, and tourism, among others.

- Video Advertisement -

Related Post

Prime Minister Unveils Ambitious Plan to Transform Stung Treng’s Agriculture Sector

In a significant move aimed at revitalizing the agricultural landscape of Stung Treng province, Prime Minister Hun Manet has announced the rezoning of 6,000 hectares of investment land to a private company to establish an agro-industrial zone. This ambitious initiative was unveiled during the official inauguration of National Road 71c on April 12, 2025. During […]

Government Launches Investment Program for Northeastern Provinces

Prime Minister Hun Manet has announced a special investment program targeting Kratie, Stung Treng, Ratanakiri, and Mondulkiri from 2025 to 2028. The initiative aims to attract private investment in agriculture, agro-industry, and tourism, leveraging the region’s rich natural resources and tourism potential. Key features of the program include tax and customs incentives, attractive financing options, […]

In the first three months, capital investment from China to Cambodia up to 56.23% of the total investment capital

In the first quarter of 2025, Chinese investment in Cambodia has reached a remarkable 56.23% of the total registered capital, amounting to USD 2.5 billion across 172 ambitious projects. This impressive influx includes six expansions of existing production facilities, which are anticipated to create nearly 120,000 jobs nationwide, significantly contributing to the country’s economic growth. […]

Kampong Thom Set to Become Hub for Cashew Production as Chinese Company Eyes Warehouse Development

Kampong Thom Province is on the brink of significant agricultural development, with Sinomac Hainan Development Co., Ltd., a leading Chinese state-owned agricultural enterprise, studying the feasibility of constructing a state-of-the-art warehouse and drying yard dedicated to cashew nuts. This initiative aims to enhance Cambodia’s agricultural export potential, particularly in the burgeoning cashew sector. The announcement […]

Four Major Companies Plan to Further Investment in Cambodia’s Automotive and Electronics Sectors

Four prominent automotive and electronics companies are gearing up to expand their investments in Cambodia, aiming to bolster the nation’s economy. This commitment was announced during a recent study visit by HE Chea Socheat, Deputy Director of the Cabinet of the Council for the Development of Cambodia, on March 31, 2025. During the visit, HE […]

China Unveils Plans for Cambodia’s First and Largest Oil Refinery

In a groundbreaking initiative for Cambodia’s energy sector, Chinese company Guanzun Energy Investment Co., Ltd. is set to construct the country’s first and largest oil refinery in Kampot Province. The ambitious project, with an estimated value of up to USD 3.5 billion, was announced by the Kampot provincial administration and covered by Cambodian national television. […]