Logo of Phnom Penh Post newspaper Phnom Penh Post - Germany tops up cash aid

Germany tops up cash aid

Germany tops up cash aid

GERMANY is topping up its grants to Cambodia to reflect the worsening problem of

refugees fleeing continued fighting between the Royal Government and the Khmer

Rouge.

The inability of the elected government to bring a lasting peace

to Cambodia has made it all the more important for the international community

to lend its support, said Weghard Haerdtl, permanent secretary of state at

Germany's Ministry for Economic Cooperation and Development.

"The

international community has only one possibility or opportunity if it does not

want to intervene military, and this is something that nobody wants to do," he

said on a visit to Phnom Penh.

The German delegation signed three

agreements, including one to cancel $10 million of debts.

The

outstanding debts had made it impossible for Germany to disperse new cash

granted as part of the ICORC meetings in Paris and Tokyo.

The other two

agreements offer $35 million in outright grants for financial and technical

cooperation from 1992 and 1993.

"The pledges we made in Tokyo were a bit

less than what the country would now be getting so we have topped up our

contribution (because of refugee problem)," he said.-Reuters

MOST VIEWED

  • Angkor Wat named as the top landmark for the second year

    Travel website TripAdvisor has named Cambodia’s ancient wonder Angkor Wat as the top landmark in the world for the second year running in their Travelers’ Choice Award 2018, an achievement Cambodian tourism operators expect will attract more tourists to the Kingdom. The website uses traveller

  • New US bill ‘is a violation of Cambodian independence’

    After a US congressmen introduced bipartisan legislation that will enact sanctions on Cambodian officials responsible for “undermining democracy” in the Kingdom, government officials and the ruling Cambodian People’s Party on Sunday said they regarded the potential action as the “violation of independence and sovereignty

  • Hun Sen detractors ‘will die’

    Prime Minister Hun Sen on Wednesday said those who curse or insult him would eventually die without a plot of land to bury their bodies after being killed by lightning, suffering the same fate as those who recently died in Thmar Baing district in Koh

  • Ministry’s plan for net sparks fears

    The government has ordered all domestic and international internet traffic in the Kingdom to pass through a Data Management Centre (DMC) that has been newly created by the state-owned Telecom Cambodia, in a move some have claimed is an attempt to censor government critics. Spokesman