Team Europe donates US$500M in economic, job aid to Cambodia

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PHNOM PENH (Phnom Penh Post/ANN): Team Europe – the combined efforts of the EU, its member states and their financial institutions and implementing agencies – is mobilising €443 million (US$503 million) in grants and loans to work with Cambodia in fighting Covid-19 and mitigating its socio-economic impacts.

In a press release on Staurday (June 13), the EU also announced it will work with Cambodia to support economic recovery and job creation. That includes strengthening key areas of the economy, public investments for economic development, energy efficiency and green recovery.