ADB Provides Landmark Assistance to Cambodia’s Marine Fisheries Sector
The Asian Development Bank (ADB) has approved a $73 million financing package to boost the climate resilience and sustainability of coastal and marine fisheries in Cambodia.
The Asian Development Bank (ADB) has approved a $73 million financing package to boost the climate resilience and sustainability of coastal and marine fisheries in Cambodia.
The Asian Development Bank has approved a $62.9 million package to help Cambodia enhance food security and promote inclusive economic growth by improving livestock health and value chains, and the formal trade of livestock and livestock products.
A proposed Asian Development Bank (ADB) project will help finance two standard ports that will boost the fisheries and tourism sectors of Cambodia’s Kep province.
A report by the Khmer Times shared provincial officials and ADB are working to establish the ports’ locations, according to Mr. Vao Sokha, Kep Deputy Governor.
The Asian Development Bank (ADB) has approved two grants totaling $6.8 million to help revive tourism in Cambodia, boost the country’s rice quality and production, and repair the rice supply chain damaged by the coronavirus disease (COVID-19) pandemic.
Cambodia, Lao PDR, and Viet Nam (CLV) Leaders expressed their firm commitment to strengthen the CLV Development Triangle Area (DTA) in order to accelerate economic growth, alleviate poverty, and promote socio-cultural progress in the subregion. At the 11th CLV Summit held online on 9 December, they adopted a Joint Declaration that provides a foundation for the subregion’s socio-economic development plan until 2030 and the Tourism Development Plan. They also adopted the Development Plan for Sustainable Rubber Industry.
Leaders of Cambodia, Lao PDR, Myanmar, Thailand, and Viet Nam adopted the Phnom Penh declaration at the 9th Ayeyawady-Chao Phraya-Mekong Economic Cooperation Strategy (ACMECS) Summit held on 9 December. The declaration emphasizes post-pandemic socio-economic recovery and preparation for future crises and challenges through public health cooperation and enhanced supply chains. ACMECS leaders stressed the importance of vaccine multilateralism to ensure equitable and safe access to coronavirus disease (COVID-19) vaccines.
Photo: Beth Kanter/ Flickr (CC BY 2.0)
Cambodia and the People’s Republic of China (PRC) signed the Protocol of Phytosanitary Requirements for Fresh Mango Export on 9 June 2020. This will allow Cambodia and the PRC to work together on the phytosanitary practices of Cambodia’s mango farms to increase Cambodia’s mango export to the PRC. Cambodia can export up to 500,000 tons of high quality mangoes to the PRC per year, according to the Embassy of the PRC.
A suite of information and communication technology (ICT) solutions can help integrate farmers in Cambodia into agriculture value chains and boost their competitiveness.
A pilot project has developed night markets in selected border towns in the Greater Mekong Subregion (GMS) to take advantage of the economic opportunities opened by infrastructure projects in the area.