Monday, January 31, 2011

Cambodia welcomes aid from Japan and China, some are wary

PHNOM PENH, Jan. 30 (AP) – (Kyodo)—Cambodia, one of the least developed countries in Southeast Asia, extends a welcoming hand to economic aid from Japan and China but some analysts in the country are wary of the competitive intent of the nation’s two largest aid donors.

Officially, the government hails the two countries as champions of Cambodia’s rehabilitation and development through their economic aid program.

Japan has provided about $130 million a year to Cambodia since the early 1990s mostly in the form of grant aid, while China channels its assistance largely through loans.
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