Team Europe mobilizing 443 mln euros to support Cambodia in COVID-19 crisis

Team Europe is mobilizing 443 million euros (about 502 million U.S. dollars) in grants and loans to help Cambodia fight against coronavirus or COVID-19, and mitigate its socio-economic effects, said its press statement on Thursday.

Team Europe is the combined effort of the European Union, its member states and their financial institutions and implementing agencies to help mitigate the spread of the virus and to reduce spillover effects on economic and social stability in partner countries, the statement said.

Together, they provide significant financial and technical support to help Cambodia address immediate needs, protect the most vulnerable, mitigate the socio-economic impact of the coronavirus crisis and prepare for recovery, it said.

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