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

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.

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