Wednesday, December 24, 2014

EU to Provide EUR 410 million in Grants to Cambodia in 2014-2020


24 December 2014

The European Union (EU) has announced it has allocated EUR 410 million (around US$510 million), under its bilateral cooperation with Cambodia over the period 2014-2020 to continue its support to Cambodia’s progress.

The funds will help to strengthen agriculture and natural resource management, provide better education and implement governance and administration reforms. Many challenges remain and the EU is committed to help Cambodia achieve its ambitious reform agenda particularly in the areas of Education and Skills; Agriculture and Natural Resource Management; and Good Governance and Administration.

In the area of Agriculture and Natural Resource Management, the EU plans to finance activities of up to EUR 144 million; while the ‘Education and Skills’ sector in Cambodia, up to EUR 140 million; and the Good Governance, some EUR 120 million.

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