The European Union (EU), its member states and their financial institutions and agencies are mobilising 443 million EUR (503 million USD) in grants and loans to work with Cambodia in fighting COVID-19 and mitigating its socio-economic impacts.
The Phnom Penh Post cited the EU’s press release as announcing that the bloc will work with Cambodia to support economic recovery and job creation. That includes strengthening key areas of the economy, public investment for economic development, energy efficiency and green recovery.
The announcement came as Minister of Social Affairs, Veterans and Youth Rehabilitation Vong Soth recently urged ASEAN ministers to immediately implement social protection programmes to help the poor and vulnerable in the ASEAN region amid the pandemic.
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