Cambodia reserves up to 2 bln USD to save economy in case of COVID-19 outbreak: PM

Cambodian Prime Minister Samdech Techo Hun Sen said on Tuesday that the kingdom has reserved up to 2 billion U.S. dollars to save the economy in case of any outbreak of COVID-19.

"The government has reserved the budget of about 800 million U.S. dollars to save the economy if the coronavirus crisis prolongs for six months," he said in a speech at a university graduation ceremony here.

"And if it prolongs for one year, we estimate that we need to reserve between 800 million and 2 billion U.S. dollars," he added.

Also, he said the government last week approved 30 million U.S. dollars in emergency funds to prevent the spread of COVID-19 and other viruses for six months.

The prime minister said the country's economic growth was expected to slow down to around 6 percent this year from its earlier projection of 6.5 percent.

Meanwhile, Hun Sen said he was strongly confident that the world will be able to prevent and contain the spread of the virus soon.

Source: China ASEAN Business Council