Experts: Cambodia well prepared to cope with impacts of Covid-19

People make offerings for better fortune to the monks at a pagoda in Chroy Changvar commune, in Phnom Penh’s Chroy Changvar district. - The Phnom Penh Post/ANN

PHNOM PENH, Aug 29 (Xinhua): Cambodia has been well prepared to cope with the economic and social impacts of the Covid-19 pandemic and the European Union's partial withdrawal of Everything But Arm (EBA) trade preferences, academics said here on Friday (Aug 28).

Cambodia has allocated US$1.16 billion for health and social assistance as well as economic support after the onset of the Covid-19 earlier this year, and has unveiled a number of measures to support manufacturers and exporters after the EU partially withdrew the EBA from the kingdom.