December 9

Asian Development Bank Signs $332 Million Deal With Government To Boost Sustainable Economic Recovery

By Michael Firn

The Asian Development Bank has signed a $332.05 million financing package with the Ministry of Economy and Finance to help Cambodia recover from the impact of the Coronavirus pandemic. The money will be spent on developing the financial sector, building urban infrastructure and improving the road network.

Economy Minister Aun Pornmoniroth signed the loan and grant agreements with ADB Acting Country Director Anthony Gill. They include $30 million for the Greater Mekong Subregion Health Security Project, $180 million for the Livable Cities Investment Project, $82.05 million for the Road Network Improvement Project (Phase 2), and $40 million for the Inclusive Financial Sector Development Program.

“As Cambodia’s long-standing development partner, ADB is committed to supporting the country’s economic competitiveness and inclusive development,” Gill said.

Photo courtesy of aaron gilson.

Source: Khmer Times (link opens in a new window)

Coronavirus, Health Care
governance, lending