(Phnom Penh): On 21 November, ADB and government counterparts co-hosted the Adaptation Investment Forum for Cambodia’s Fourth Economic Pole (EPOL4) in Phnom Penh to present adaptation investment packages for key value chains and enabling systems. It also aimed to explore financing options for climate-resilient agriculture.

In their opening remarks, Keo Omaliss, Secretary of State at the Ministry of Agriculture, Forestry and Fisheries, and Vijay Kumar Akasam, ADB’s Head of Country Operations for Cambodia, emphasized the forum’s objective of mobilizing coordinated action and scaled-up financing. This intends to tackle growing climate risks in the northeastern EPOL4 region and protect agricultural productivity and rural livelihoods.

Discussions highlighted the importance of developing bankable adaptation projects, aligning financing efforts, and expanding private sector engagement through de-risking instruments and blended finance. Organized under the regional technical assistance on Climate Adaptation Investment Planning, the forum brought together over 40 representatives from government ministries, development partners, financial institutions, and agribusinesses.
=FRESH NEWS