Cambodian Government Allocates Up to $2 Billion for Economic Fallout from Coronavirus

Prime Minister Hun Sen on Tuesday said the government had allocated between $800 million to $2 billion to address the economic impacts of the novel coronavirus outbreak, which had affected upwards of 80 countries and infected more than 100,000 people.

Hun Sen said the lower end of the allocation would help deal with economic slowdown over the next six months, with the $2 billion expected to be needed if the outbreak lasted more than one year.

“The government allocates funds based on two scenarios of COVID-19,” he said. “There will be $800 million for a period of six months and $2 billion if the outbreak lasts a year and longer.”

In full: https://www.voacambodia.com/a/cambodian-government-allocates-up-to-2-billion-dollars-for-economic-fallout-from-coronavirus/5322557.html

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