EU doles out $500M in economic, job aid

[geovalin]

Team Europe – the combined efforts of the EU, its member states and their financial institutions and implementing agencies – is mobilising €443 million ($503 million) in grants and loans to work with Cambodia in fighting Covid-19 and mitigating its socio-economic impacts.

 

In a press release, the EU also announced it will work with Cambodia to support economic recovery and job creation. That includes strengthening key areas of the economy, public investments for economic development, energy efficiency and green recovery.

 

The announcement came as Minister of Social Affairs, Veterans and Youth Rehabilitation Vong Soth urged ASEAN ministers on Wednesday to immediately implement social protection programmes to help the poor and vulnerable in the ASEAN region amid the pandemic .

 

read more https://www.phnompenhpost.com/national/eu-doles-out-500m-economic-job-aid

[phycokiller]

Im sure they could recover this money from a few bank accounts and properties if they wanted to