In a significant development, Cambodia and Japan will sign an Exchange of Notes on the extension of Japanese grant aid worth JPY 1,002,000,000 (approximately USD 7.2 million) to support the implementation of the Economic and Social Development Programme’s Urban Planning Sector.
On 25 December 2024, Deputy Prime Minister PRAK Sokhonn, Minister of Foreign Affairs and International Cooperation, will meet with His Excellency UENO Atsushi, Ambassador Extraordinary and Plenipotentiary of Japan to Cambodia, to formalize the agreement. The meeting is set to take place on 26 December 2024 at a location to be confirmed.
The grant assistance represents a significant boost to Cambodia’s socio-economic development efforts, underscoring Japan’s commitment to supporting the Royal Government’s initiatives in this area. This move is expected to further strengthen and deepen the Comprehensive Strategic Partnership between the two countries, a key aspect of their bilateral relations.
Japan has been a longstanding partner for Cambodia, providing substantial assistance across various sectors, including economic development, education, and healthcare. The new grant aid is part of Japan’s broader efforts to support Cambodia’s growth and prosperity in the region.
The Economic and Social Development Programme is a flagship initiative aimed at promoting sustainable development and reducing poverty in Cambodia. The Urban Planning Sector component will focus on enhancing urban infrastructure, improving public services, and promoting economic growth in key cities.
- Japan’s support for Cambodia’s socio-economic development efforts reflects the country’s long-standing commitment to regional cooperation and its desire to contribute to the Asia-Pacific community’s prosperity.
- The Comprehensive Strategic Partnership between Japan and Cambodia provides a framework for deepening bilateral relations, promoting mutual understanding, and fostering trust in the region.
In conclusion, the extension of Japanese grant aid underscores Cambodia’s growing importance as a key player in regional affairs. The partnership with Japan highlights the country’s potential to leverage international cooperation to drive economic growth, reduce poverty, and promote sustainable development.