Senior Minister HOR Namhong and Ambassador Gotaro OGAWA, in a signing ceremony presided over by Samdech Prime Minister HUN Sen
On 06 December 2001, at 9:30 a.m, at the Ministry of Foreign Affairs and International Cooperation, His Excellency Senior Minister HOR Namhong, Minister of Foreign Affairs and International Cooperation, and H.E. Mr. Gotaro Ogawa, Ambassador Extraordinary and Plenipotentiary of Japan to the Kingdom of
Cambodia, signed an Exchange of Notes on a Grant Aid of two billion yen (2,000,000,000), approximately equivalent to sixteen million and one hundred thousand US dollars ( US$ 16,100,000 ), provided by the Government of Japan for contributing to promotion of the economic structural adjustment efforts by the Royal Government of Cambodia and mitigation of the economic difficulties of Cambodia.
Samdech HUN Sen, Prime Minister of Cambodia, presided over the signing ceremony.
The Non- Project Grant Aid for Structural Adjustment Support is designed to assist the efforts of the developing countries to structure their economies in conjunction with the World Bank and IMF programs, according to the Japanese Embassy's Release.
This is the sixth Non-Project Grant Aid to be extended for the purpose of contributing to promotion of the economic structural adjustment efforts made by the Royal Government of Cambodia as well as mitigation of the economic difficulties, including indebtedness of the Kingdom of Cambodia, said the release.