ADB provides US$332 million for Cambodia to boost economic recovery


PHNOM PENH, Dec. 8 (Xinhua): The Asian Development Bank (ADB) has signed up to provide US$332 million for Cambodia to support its response to COVID-19, further develop the financial sector, build urban infrastructure and help improve the road network.

Cambodian Minister of Economy and Finance Aun Pornmoniroth and ADB acting country director for Cambodia Anthony Gill signed the loan and grant agreements for 30 million dollars for Greater Mekong Subregion (GMS) Health Security Project, US$180 million for Livable Cities Investment Project, US$82 million for Road Network Improvement Project in the second phase, and US$40 million for Inclusive Financial Sector Development Program, said the lender's press release.

Subscribe or renew your subscriptions to win prizes worth up to RM68,000!

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.

ADB , Cambodia , Provide , Funds , Development Projects

   

Next In Aseanplus News

Lee Hsien Loong supports current PM Lawrence Wong to lead Singapore's ruling party
South Korea pushes for better work-life balance to ease falling birth rate
Chinese rocket debris reenters atmosphere, mostly burning up
Putrajaya ordered to return seized Swatch watches
In world's largest refugee camps, Rohingya mobilise to fight in Myanmar
Thai medical tycoon wanted for fraud has fled to China, police say
In world's largest refugee camps, Rohingya mobilise to fight in Myanmar
Hong Kong Airlines flight to Japan diverted to Taipei after suspected fuel leak
Anwar, Yoon hold talks on Malaysia-South Korea ties
Oil holds at 2-week high as Russia, Iran tensions support prices

Others Also Read