The Royal Government of Cambodia, through the Council for the Development of Cambodia (CDC), and the US Government, through the US Agency for International Development (USAID), signed the pact on June 25.
Per the agreement, $38 million will be earmarked for health and education programmes and approximately $18 million for agriculture and environment programmes.
CDC Vice-Chairman Chin Bun Sean said that bilateral development cooperation is an important pillar in promoting and strengthening the cooperation and partnership between the two countries.
W. Patrick Murphy, US Ambassador to Cambodia, said the US Government is committed to continuing its support for the Cambodian people towards sustainable, inclusive, and equitable socio-economic development.
In March, the US Government provided Cambodia with $11 million to support the Southeast Asian country’s COVID-19 response.
Since 1994, the US’s assistance for Cambodian people has exceeded over $1 billion.