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China’s Sinosure signs agreement with ministry

China’s Sinosure signs agreement with ministry

The Ministry of Economy and Finance signed a memorandum of understanding (MoU) with Chinese state-funded China Export and Credit Insurance Corporation (Sinosure), according to a release by state-owned AKP on Friday.

The agreement aims to promote private-public partnerships in Cambodia by providing insurance for major concessional loans targeted for infrastructure or development spending. The MoU is expected to boost Cambodia’s economic productivity according to the report.

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