ADB approves 70 mln USD loan for Cambodia to improve agro-food industries’ competitiveness

The Asian Development Bank (ADB) said Friday that it has approved 70 million U.S. dollars in loans for Cambodia to improve the capacity of local agribusinesses.

The loans for Cambodia will be used to support initiatives to strengthen food safety and quality across the value chains for cassava, cashews, mangoes, vegetables, and native chickens, it said in a statement.

The Agricultural Value Chain Competitiveness and Safety Enhancement Project aims to benefit about 230 agricultural cooperatives and 50 agribusinesses in the Cambodian provinces of Kampong Cham, Kampong Thom, Oddar Meanchey, Preah Vihear, Siem Reap, and Tboung Khmum.

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