South Korean fund provides $10M assistance to Cambodia via MoU with Senate

The 10th commission of the Senate signed a memorandum of understanding (MoU) with the Global Life-Saving Fund of South Korea to provide the assistance. SENATE VIA FACEBOOK

The Cambodian Senate has signed a $10 million humanitarian assistance agreement with South Korea over four years to improve the living standards of the Cambodian people.

The 10th commission of the Senate signed a memorandum of understanding (MoU) with the Global Life-Saving Fund of South Korea to provide the assistance.

The signing ceremony was held on August 4 at the Senate library workshop in the presence of second-deputy president of the Senate, Tep Ngon.

Kim Jung Nam, head of the Global Life-Saving Fund of South Korea, said that the MoU between the Global Life-Saving Fund of South Korea and the Senate will deliver $10 million humanitarian assistance in the form of medical equipment and other materials over four years. The Global Life-Saving Fund will provide benefits to improve the lives of Cambodians.

He added that having received a formal letter from the Senate in November 2021, the Global Life-Saving Fund had organised the first shipment of aid to Cambodia in April, 2022.

Mam Buneang, head of the 10th commission of the Senate, said that the Senate was ready to cooperate with the Global Life-Saving Fund to bring its humanitarian assistance to the state institutions and people who really need it in an accountable, transparent and effective manner.

He added that under the MoU, the Global Life-Saving Fund will deliver humanitarian assistance to Cambodia in the form of medical equipment and other daily necessities from August, 2022 to December, 2025.

The humanitarian assistance will be tailored to meet the needs of the people in both urban and rural areas.

He said that after the MoU expired, the Global Life-Saving Fund would likely renew it to deliver more humanitarian assistance to improve the quality of life of the Cambodian people.

MOST VIEWED

Joy as Koh Ker Temple registered by UNESCO
Cambodia's Koh Ker Temple archaeological site has been officially added to UNESCO’s World Heritage List, during the 45th session of the World Heritage Committee held in Riyadh, Saudi Arabia, on September 17. The ancient temple, also known as Lingapura or Chok Gargyar, is located in
Ream base allegations must end, urges official
A senior government official urges an end to the allegations and suspicions surrounding the development of Cambodia’s Ream Naval Base, now that Prime Minister Hun Manet has addressed the issue on the floor of the 78th UN General Assembly (UNGA 78). Jean-Francois Tain, a geopolitical
Cambodia set to celebrate Koh Ker UNESCO listing
To celebrate the inscription of the Koh Ker archaeological site on UNESCO’s World Heritage List, the Ministry of Cults and Religion has appealed to pagodas and places of worship to celebrate the achievement by ringing bells, shaking rattles and banging gongs on September 20. Venerable
CP denied registration documents by ministry
The Ministry of Interior will not reissue registration documents to the Candlelight Party (CP). Following a September 21 meeting between ministry secretary of state Bun Honn and CP representatives, the ministry cited the fact that there is no relevant law which would authorise it to do
Cambodian diaspora laud Manet’s UN Assembly visit
Members of the Cambodian diaspora are rallying in support of Prime Minister Hun Manet’s forthcoming visit to the 78th UN General Assembly (UNGA 78) in the US’ New York City this week. Their move is an apparent response to a recent call by self-exiled former
After three deferrals, Capital Gains Tax to take effect Jan 1, 2024
The General Department of Taxation (GDT) will implement the Capital Gains Tax starting January 1, 2024 to after being deferred three times as industrial players warn that the implementation might have some negative impact on the property market growth, which is down due to the economic downturn.