Cambodian government reserved $3 billion in case EU withdraws EBA agreement

The Cambodian government has reserved around $3 billion to cope with a possible suspension of the Kingdom’s access to the EU’s preferential “Everything But Arms” (EBA) agreement.

“The government did not spend all of the revenue collected from taxes. The state has enough savings to deal with any possible crisis in the future.”

Mr. Hav Ratanak, the director-general of the Ministry of Economy and Finance General Department of Budget said during a press conference on the National Progress and Equitable Dividend Distribution at the Council of Ministers, on 28th November 2019.

In full: https://scandasia.com/cambodian-government-reserved-3billion-in-case-eu-withdraws-eba-agreement/

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