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Deputy Secretary of State John Negroponte and Cambodia’s Prime Minister Hun Sen preside over the signing ceremony that provides $26 million in funding to support Cambodian priorities in economic growth.
Deputy Secretary John D. Negroponte signs $26 million aid package for Cambodia with Prime Minister Hun Sen
September 15, 2008
On Monday September 15th, 2008 the Deputy Secretary of State John D. Negroponte along with USAID Mission Director Erin Soto signed a four year aid agreement worth $26 million for Cambodia. Prime Minister Hun Sen and Deputy Prime Minister Sok Ahn participated from the Cambodian side. The funds will be used to expand USAID’s highly successful Micro, Small and Medium Enterprise (MSME) program, which seeks to improve the productivity of rural enterprises by connecting and strengthening all levels of an industry supply chain. The new program will expand this value chain work and add two new areas of focus: strengthening the voice of the private sector and strengthening the public sector’s capacity to improve the business-enabling environment.
In addition to economic growth, USAID supports a broad range of programs designed to benefit all Cambodians, including health, education, human rights, rule of law, local governance and decentralization, anti-corruption, and combating trafficking in persons. USAID expects to commit $57.5 million in assistance to Cambodia in 2008.
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