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.
Source:
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