Millions to Be Set Aside for Covid-19 Economic Impacts, Hun Sen Says

The government is preparing to set aside up to $2 billion in reserves to respond to the economic fallout of the Covid-19 global outbreak, Prime Minister Hun Sen said on Tuesday.

During a graduation ceremony in Phnom Penh, Hun Sen said the government had made a preliminary estimate of the impact that Covid-19 would have on the national economy. As a first step, the government would prepare about $800 million to cover expenses and economic losses over the next six months related to the slowdown.

“In case [economic impacts from Covid-19] last for six months, $800 million has been reserved to rescue the economy,” Hun Sen said, adding that the government would reserve up to $2 billlion if Covid-19 impacts extend for a year.

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