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PHNOM PENH, June 26 (Xinhua): The World Bank has approved a US$200 million credit to Cambodia, giving the kingdom a boost to combat the ongoing Covid-19 pandemic and to begin its journey toward economic recovery, said its press statement released to the media. The credit will help Cambodia deal with the Covid-19 crisis by providing timely and targeted relief to affected people, facilitating robust recovery through structural reforms, and building resilience against future economic shocks, the statement said. Cambodia is facing an unprecedented economic and social crisis. In 2020 its economy contracted for the first time in 30 years, by 3.1 percent, and is in now in the midst of its worst COVID-19 outbreak since the pandemic began, it said. ....
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