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Cambodia to Get US$50 Mln for Climate Change Project

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Development partners have promised to provide US$50 million for a climate change project in Cambodia, said a senior official of the World Bank (WB) on Monday.

"Cambodia is selected as a pilot country in the pilot program for climate change with global fund which can be contributed by a number of development partners," said Qimiao Fan, WB's Country Manager.

The project will be managed by WB and the fund will be allocated in the next four years, with half as concession loan and half as grant aid, he added.

(Xinhua News Agency March 23, 2009)