ADB to provide 230 mln USD to Cambodia for development projects

17 January 2013
Xinhuanet News
Aid and development / Asian Development Bank (ADB) / Economy and commerce / Multilateral development assistance
ADB / ADB Projects / Asian Development Bank (ADB) / decentralization / education / Eric Sidgwick / financial management sector / Keat Chhon / power sub-transmission line construction

The Asian Development Bank (ADB) on Thursday signed up to provide 230 million U.S. dollars to Cambodia for six development projects, aiming at promoting inclusive growth and reducing poverty in Cambodia, according to the bank’s media statement. The financing agreements were inked between Eric Sidgwick, country director of ADB to Cambodia, and Cambodian deputy Prime Minister and finance minister Keat Chhon. … To date, he said, the bank’s cumulative amount of project loans and grants extended to Cambodia has reached 1.85 billion U.S. dollars, of which ADB has financed 1.5 billion U.S. dollars as loans for 63 projects and 350 million U.S. dollars as grants for 33 projects. …

http://news.xinhuanet.com/english/world/2013-01/17/c_132109387.htm