IFAD, EIB launch project for Cambodia’s rural development

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By Pan Yue
04 Feb 2020

The International Fund for Agricultural Development, the Government of Cambodia and the European Investment Bank have launched a $124.5m rural development project to boost income and food security in the southeast Asian country.

IFAD will provide $54.5m including a loan of $53.3m, while EIB will offer a loan of $57.6m. The remaining $12.4m will be provided by Cambodia’s national and local governments.

The project, named Sustainable Assets for Agriculture Markets, Business and Trade (Saambat), aims to improve rural communities ...

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