Government Signs US$760 million in New Grants & Concessional Loans in H2 2022

• Sommana Yan
• 2 August 2022
• Uncategorized
• 1325 Views

The Royal Government of Cambodia has signed new grants and concessional loans totalling approximately US$762 million while financing under the framework for infrastructure development projects and other priority projects totals approximately US$524 million.

The new agreements, signed in the first half of 2022, are for the implementation of 18 projects or development programs, according to the report from the Ministry of Economy and Finance issued at a press conference at the Royal Government Spokesperson’s Unit on 02 August.

The Ministry of Economy and Finance has also financed approximately US$524 million under the framework of concessional loans and grant agreements, , equivalent to approximately 36.65% of the finance law 2022.

The government has financed development projects or programs for the construction of infrastructure and priority projects to contribute to economic growth.

• Projects Development