The Asian Development Bank (ADB) has approved a 62.9-million-USD financing package to help Cambodia enhance food security and promote inclusive economic growth.
Hanoi (VNA) - The Asian Development Bank (ADB)has approved a 62.9-million-USD financing package to help Cambodia enhance foodsecurity and promote inclusive economic growth.
The bank said the Greater Mekong Subregion (GMS)Cross-Border Livestock Health and Value Chains Improvement Project will befinanced by a 50-million-dollar loan from ADB's concessional resources, a12-million-dollar Asian Development Fund grant, and a 0.9-million-dollar grantfrom the Climate Change Fund.
ADB principal climate change specialist for SoutheastAsia Srinivasan Ancha said the livestock subsector is crucial to sustainablerural livelihoods and food security in Cambodia, and it offers manyopportunities for smallholder farmers, including women, and small andmedium-sized agribusinesses.
The project will directly benefit at least 40,000households in Phnom Penh capital city and Kampong Cham, Oddar Meanchey, PreyVeng, Siem Reap, and Takeo provinces by boosting investments in criticalinfrastructure, institutional and technical capacities, and enabling policies.
It will also develop infrastructure in Kandal, KampongThom, and Pursat provinces to meet nationwide needs for veterinary vaccines andartificial insemination.
The project will enhance productivity andresilience of the livestock subsector by reducing risks from transboundaryanimal diseases, zoonoses, and antimicrobial resistance, it said./.
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Minister Counselor Nguyen Hoang Nguyen reaffirmed Vietnam’s principled and consistent stance on the Palestine issue, calling for an immediate and lasting ceasefire across the entire Gaza Strip.
PM Anwar Ibrahim affirmed the determination of Malaysia, as ASEAN Chair for 2025, to utilise all viable regional mechanisms of the bloc and work with partners to de-escalate violence and restore a peace process led by Myanmar.
Illustrative image (Source: Asiafoundation.org) 
