ADB to provide 89 mln USD to Cambodia for improving water supply, financial sector development

The Asian Development Bank (ADB) on Wednesday signed two agreements to provide 89 million U.S. dollars to Cambodia for improving rural areas’ water supply and the country’s financial sector development, said an ADB statement.

The deals were inked here by ADB country director for Cambodia Sunniya Durrani-Jamal and Cambodian Deputy Prime Minister and Minister for Economy and Finance Aun Pornmoniroth, the statement said.

“The two programs support all four priority areas of the Rectangular strategy IV, which are human resource development through the improvement of public health care and nutrition; economic diversification by promoting financial and banking sector development; private sector development and employment by supporting small and medium-sized enterprises (SMEs); and inclusive and sustainable development through the promotion of agricultural and rural development.” Durrani-Jamal said.

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