Sunday, February 17, 2008

ADB president arrives in Cambodia for visit

PHNOM PENH, Feb. 17 (Xinhua) -- Asian Development Bank (ADB) President Haruhiko Kuroda arrived in Phnom Penh Sunday for his first official visit to Cambodia.

Kuroda is scheduled to meet with senior Cambodian government officials on Monday to discuss ADB's assistance programs in this country and the important role of regional cooperation in the Southeast Asia region, an ADB news release said.

Kuroda will also travel to Sisophon in northwest Cambodia to launch a new railway rehabilitation project and will sign a package of five grants and loans that will help spur job creation, expand educational opportunities, and enhance growth, it said.

Cambodia has received over one billion U.S. dollars in assistance since joining ADB in 1966, according to the news release.

Between 2004 and 2007, ADB has provided six grants and nine loans to Cambodia totaling 250 million U.S. dollars, it said, adding that ADB plans to provide an additional 50 million U.S. dollars in assistance this year.

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