Tuesday, June 1, 2010

Cambodia aims for 6 pct GDP growth with donor help

PHNOM PENH, May 31 (Reuters) - Cambodia's parliament approved a five-year plan for the economy on Monday that aims for 6 percent growth a year with the help of about $6 billion from donors, who are meeting in Phnom Penh this week to discuss aid.
Gross domestic product grew 0.1 percent last year, Planning Minister Chhay Than told the National Assembly on Monday, and to achieve the growth target in coming years a total of $6.28 billion would be needed to support development efforts.
Tuon Thavrak, director-general of the planning ministry, told reporters during a break in the session that most of that sum would have to come from aid donors.

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