ADB loans for Cambodia

ADB loans for Cambodia

MANILA (AFP): The Asian Development Bank (ADB) said it had approved a total of US$70 million in soft loans to Cambodia for major projects.

The largest loan, totaling $30 million, would support the Cambodian government's agricultural reforms, including the introduction of new technology, better access to agricultural inputs and improved food sufficiency.

A technical assistance grant of $1.5 million would help the government prepare reform measures for the agricultural program, the bank said in a statement issued from its headquarters in the Philippines.

Another $20-million loan would go to a project to strengthen basic health services in Cambodia through improved management and private sector involvement, the ADB said in a statement.