Japan promises $100 million of concession loan for Cambodia to reduce poverty

The Japanese government has pledged to provide 100 million U.S. dollars of concession loan each year for Cambodia to facilitate its poverty reduction efforts, said Prime Minister Hun Sen on Thursday. The loan will be increased by one third on annual basis and the interest rate will keep as low as 0.01 percent, he told the construction ceremony of counter-flood facilities on the Tonle SapRiver