Logo of Phnom Penh Post newspaper Phnom Penh Post - EU offers grant for Kingdom’s Covid-19 fight




EU offers grant for Kingdom’s Covid-19 fight

Content image - Phnom Penh Post
Minister of Economy and Finance Aun Pornmoniroth meets EU Ambassador to Cambodia Carmen Moreno via a video conference on Monday. Ministry of Economy and Finance

EU offers grant for Kingdom’s Covid-19 fight

EU Ambassador to Cambodia Carmen Moreno applauded the country’s efforts to control the Covid-19 crisis and said the EU is transferring a €56 million ($66.7 million) grant to help restore the economy, said a Ministry of Economy and Finance press release.

Her remarks were made during a video conference with Minister Aun Pornmoniroth on Monday. The talk touched on the needs of the Cambodian government and how the EU could help the country halt the Covid-19 virus and boost the economy, which has been hit by the disease.

“Moreno appreciates and places a high value on the government’s success in controlling the Covid-19 crisis and she confirmed the EU’s strong position in contributing its support.

“In this spirit, the EU headquarters in Brussels has approved a financial transfer from existing programmes to be used as a grant, to the government in restoring the economy,” the ministry said.

[Pornmoniroth] told Moreno that Cambodia has been working to control the Covid-19 situation and will continue its work and be even more active. He said the Kingdom had put together an in-depth strategy for the Covid-19 battlefield.

“Covid-19 is not only a crisis in public health. It causes negative impacts on other sectors of the economy, including garments, tourism, and small- and medium-sized enterprises,” the ministry said.

Pornmoniroth told Moreno that Cambodia had set up four ad-hoc working groups to deal with the impacts of the virus. One group will control the supplies and prices of strategic products, and another group has been formed to set up a mechanism to provide social support during this time.

The third group is tasked with preparing a budget, grants, and a social support model to be used in the fight against Covid-19.

The fourth group is a concerted technical working group which deals with currency, banking, and solving the economic impacts caused by the virus.

The group will also work on the impact of the withdrawal of the “Everything But Arms” (EBA) scheme, the ministry said.

Replying to The Post on Tuesday, Moreno said: “In Cambodia, the EU will significantly enhance its support of social protection to the most vulnerable families as well as jobless workers.

“Parallel investment programmes in both rural and urban areas will be boosted to create jobs and opportunities.”

MOST VIEWED

  • Tourists urged not to skip trip

    The Ministry of Tourism has called on international tourists not to cancel trips to Cambodia, but urged them to adhere to several dos and don’ts when arriving in the Kingdom during the Covid-19 pandemic. The ministry released an eight-point instruction manual on Wednesday published

  • The taxman cometh – Cambodia’s capital gains tax casts the net on individual taxpayers

    In a country where only limited personal income tax existed, the new taxation law beginning January 1, 2021, will make taxpayers out of Cambodians, whether they are ready for it or not About two years ago, a little known amendment was made to Article 7 of the Law

  • Cambodian-American gets Star Trek treatment

    Kevin Ung, a Cambodian-American whose family escaped genocide during the Khmer Rouge’s reign of terror, was recently selected from thousands of applicants to participate in the Television Academy Foundation’s inaugural 2020 Star Trek Command Training Programme, a course intended to give hands-on filmmaking experience

  • Cambodia seeks to be transport hub

    Cambodia is working on several fronts to modernise its transport infrastructure and services, concentrating on opening new international gates to relieve and balance traffic congestion at its borders, Minister of Public Works and Transport Sun Chanthol said on Thursday. This is part of the Kingdom’

  • PM: West unfair to Cambodia

    Prime Minister Hun Sen released a message celebrating the International Day of Peace on Monday, saying that some major powers and western countries had been systemically cooperating to put political pressure on Cambodia as they did in the 1970s and 1980s. Hun Sen said pressuring

  • First ‘mobile kitchen’ in Cambodia enters service

    A catering company recently rolled out Cambodia’s first “mobile kitchen” – a $50,000 container capable of serving up to 200 people at a time. The kitchen is the brainchild of Seng Hok Heng Catering Services. At 4.4m-high, 6.8m-long and 2.4m-wide (expandable to 6.8m), the kitchen is equipped