In a significant development in bilateral relations, the Ministry of Foreign Affairs and International Cooperation announced on 13 March 2024 that Cambodia and Japan will sign an Exchange of Notes and accompanying documents on the extension of a Yen Loan for the implementation of a regional hospital development project. The loan, valued at JPY 21,104 million (approximately USD 154 million), underscores Japan’s commitment to supporting Cambodia’s socio-economic development efforts.
The provision of this loan is seen as a testament to the strong ties between the two countries, which were upgraded to a Comprehensive Strategic Partnership in 2023. This partnership has facilitated close cooperation on various regional and international issues, including ASEAN affairs. The agreement marks an important milestone in the implementation of the regional hospital development project, which aims to improve healthcare infrastructure across Southeast Asia.
The Regional Hospital Development Project is a key initiative under the Cambodia-Japan Cooperation Framework Agreement, signed in 2019. This framework has enabled cooperation in various areas, including education, healthcare, and disaster management. The project’s success will not only benefit Cambodian citizens but also contribute to regional stability and economic growth.
The signing of this agreement is a reflection of Japan’s enduring commitment to supporting Cambodia’s development goals. The Ministry of Foreign Affairs and International Cooperation expressed gratitude for Japan’s continued support, stating that the provision of this loan reinforces the long-lasting ties between the two countries.
In conclusion, the extension of the Yen Loan for the implementation of the regional hospital development project is a significant achievement in Cambodia-Japan relations. This agreement highlights the importance of regional cooperation and the need for strong partnerships in promoting socio-economic development across Southeast Asia.
Bilateral Relations Update
Comprehensive Strategic Partnership with Japan (2023)
Regional Hospital Development Project under the Cambodia-Japan Cooperation Framework Agreement
Close cooperation on ASEAN affairs
The Ministry of Foreign Affairs and International Cooperation remains committed to promoting Cambodia’s interests in regional and international forums. The successful implementation of this project will be closely monitored, with a focus on delivering tangible benefits to Cambodian citizens.
About the Ministry of Foreign Affairs and International Cooperation
The Ministry of Foreign Affairs and International Cooperation is responsible for promoting Cambodia’s foreign policy objectives and fostering cooperation with countries around the world. The ministry plays a crucial role in shaping Cambodia’s relationship with Japan, as well as other key players in regional and international affairs.
Press Contact Information
on this press release, please contact:
Department of Information
Ministry of Foreign Affairs and International Cooperation
Phone: 12-341-213-141
Email: mfaic@mfaic.gov.kh