China to provide $33 mln loan to Cambodia

China to provide $33 mln loan to Cambodia

The Cambodia Herald – September 3, 2013

PHNOM PENH: China has pledged 200 million Yuan (around USD $33 million) to Cambodia in addition to the loans and grants provided in April of this year.

The loan announcement was made during a meeting between Cambodia’s Prime Minister Hun Sen and China’s Prime Minister Li Keqiang.

Hun Sen left For China Monday morning to attend the 10th annual ASEAN-China Expo, which is held from September 2-3 in Nanning, the capital of south China’s Guangxi Zhuang Autonomous Region.

During the meeting, the two leaders vowed to boost connectivity between the Cambodian People’s Party (CPP) and the Chinese Communist Party (CCP).

Li once again congratulated the CPP in its victory in Cambodia's fifth parliamentary election held on July 28, and hoped that Cambodia under Hun Sen’s rule will gain further success.

Hun Sen in return thanked China for their strong support of Cambodia.

He said China has always been Cambodia's sincere friend and reliable partner, adding that Cambodia is keen to maintain close communication with China and deepen mutually beneficial cooperation in order to lift the two countries bilateral ties to new heights.