PHNOM PENH, July 29 (Xinhua) -- Fearing with the continued impact by global
economic crisis, the government of Germany has provided another 1.3 million
euros (approximately 1.8 million U.S. dollars) to Cambodia and Laos to fight
In a statement released Wednesday, German embassy in Phnom Penh said of the
above total amount, one million euro was destined for Cambodia which is expected
to help assist about one million Cambodians in 2009.
It said the fund was donated through the United Nations agency, World Food
Program for its operation in this country.
The fund will help improve immediate food security and nutritional status
of the Cambodian people while enhancing social stability through interventions
in three priority areas: education, health and nutrition, and disaster risk
In April, the U.N. Office in Cambodia issued a statement saying the
country's positive trends of its economy will be slowdown after it has enjoyed
over decade of increase. And less demand from foreign markets and reducing of
foreign direct investment have forced a mass of people losing their jobs, such
as in garment and construction sectors.
The U.N. data also indicated some 80 percent of Cambodians are living in
rural areas, and where many poor families depend upon migrant remittances as
their major source of income.
It is, then, citing fear that Cambodia's rural poor might adopt "unhealthy"
coping measures such as reducing their number of meals per day or eating
less-nutritious foods, and cutting back on health services.
Safety nets in health, education, food, and work can help break the poverty
cycle, it added in the statement.
According to the World Food Program, Cambodia might need 76.3 million U.S.
dollars for three years project in curbing with people in crisis.
It said the project that began in January 2008 and which is due to last
until the end of 2010 has, so far, received 33 million U.S. dollars or bout 43
percent of its appeal, and that Germany has donated 2.3 million U.S. dollars or
3.1 percent of the total donated fund.
Report: Global Financial Crisis