Wednesday, December 24, 2014

Cambodia welcomes Chinese premier's pledge of over 3 bln USD aid to GMS countries


24 December 2014

Cambodia welcomed Chinese Premier Pledges of 3.09 billion U.S. dollars aid to the Greater Mekong Sub region (GMS) member countries, saying the offer is essential for socio-economic development and poverty reduction.   

During the 5th GMS Summit in Bangkok earlier in the day that China would offer five neighboring countries sharing with it the Mekong River funds and production capacity aid to help better infrastructure connectivity, poverty reduction and production capacity. The offer includes 1 billion U.S. dollars for infrastructure inter-connectivity, 490 million dollars in grant for poverty alleviation and 1.6 billion dollars in special loans for China's production capacity export.

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