Phnom Penh (FN), Oct. 26 – The Asian Development Bank (ADB) has endorsed a new five-year country partnership strategy (CPS) that lays out the institution’s support for Cambodia’s goal of becoming an upper middle-income country by 2030, according to ADB’s press release dated Friday.

“Under the 2019–2023 strategy, ADB will provide $1.45 billion in loans, grants, and technical assistance for agriculture and natural resources management; improved urban and rural living conditions; renewable energy infrastructure; and education and skills development. Supporting public sector reforms and improving institutional capacity will remain at the core of ADB’s program. These initiatives aim to improve the access to and the quality of services for Cambodians, as well as the business environment.”

In full: https://www.adb.org/news/adbs-new-5-year-country-strategy-supports-economic-diversification-inclusive-growth-cambodia
=FRESH NEWS