PHNOM PENH - Kuwait has agreed to give Cambodia loans totalling $546 million to develop agriculture, build hydro-power facilities and construct roads, a Cambodian foreign ministry official said.
This is the second-biggest aid pledge ever received by Cambodia, after aid and loans totalling $601 million offered by China last year.
"This is showing a stronger relationship between Kuwait and Cambodia, both political and economic," Cambodian foreign ministry spokesman Sin Bunthoeurn stated.
He said they planned to open embassies early next year.
Friday, August 22, 2008
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