ADB announces 3-year pipeline to boost develpment in Cambodia
The Asian Development Bank (ADB) on Tuesday unveiled its new three-year assistance plan of 525 million U.S. dollars to Cambodia in order to help the country reduce poverty, promote growth and mitigate climate change, the bank said. The plan for 2013-2015 marked the bank’s strategic focus in Cambodia towards urbanization of secondary towns, urban-rural linkages, economic corridor development, climate change and private sector development, the statement said. “The plan lays out the areas that we will emphasize as we work to reduce poverty, to stimulate more efficient and inclusive growth, and to address major environmental challenges,”ADB Country Director for Cambodia Eric Sidgwick said in a press briefing at the bank’s head-office here on Tuesday. …
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