The Chinese government on Wednesday signed an agreement with the
Cambodian government in Phnom Penh to provide an interest-free loan
of 100 million yuan (about US$12.5 million) in the next five years
to implement the projects already agreed upon by both sides.
Charge d'Affaires of the Chinese Embassy Duan Jinzhu and
Cambodian Minister of Economy and Finance Keat Chhun signed the
agreement on behalf of their respective governments.
Details of the projects have not been disclosed yet.
The Chinese government has kept providing aids and help to
Cambodia without any conditions attached, as both sides are
brothers, friends as well as partners, said Duan.
Keat Chhun expressed appreciation for the consistent help from
the Chinese government which aims at improving the social and
economic development of the kingdom.
The latest loan shows that cooperation between the two countries
has made new progress, he added.
According to official statistics, the Chinese and Cambodian
governments have signed 10 agreements on economic and technical
cooperation since 1994.
(Xinhua News Agency December 28, 2006)
