Asian Development Bank Takes Over Lead Foreign Donor Role
The Asian Development Bank (ADB) is taking over from the World Bank as lead foreign donor in Cambodia following the departure of the World Bank’s country manager, the ADB said yesterday. The switch followed a year in which the World Bank imposed a funding freeze on Cambodia, which remains in effect, over the government’s handling of a controversial real estate project. “As a result of the departure of the World Bank country director [Qimiao Fan] for a new assignment, the development partners convened on 14 February and elected the ADB as lead [development partner] facilitator and US Aid as alternate,” ADB Country Director Putu Kamayana said in an email. “The term will be for one year and will be renewable.”
