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Economic and Social Development – 1999

In a donor conference held on Feb 25-27, 1999, Cambodia received pledge support of $470 million from the international community.

The Malaysian Prime Minister and Cambodian Prime Minister held a talk on the possibility of Cambodia’s entry into ASEAN. In the meeting, the Malaysian Prime Minister pledged that Malaysia would look into Cambodia’s request for training in industry, foreign policy, oil, and gas, as well as agriculture. This training included establishing water resources and building dams and water catchment areas. The Cambodian Prime Minister also asked for credit to finance such endeavors. Despite the economic downturn in the region, Malaysia continued to invest in the Cambodian project, with 31% of its total foreign direct investment going to Cambodia.¹

1. “Premier Mahathir discusses ASEAN entry, investment with Cambodian counterpart,” BBC Summary of World Broadcasts, February 6, 1999.