More World Bank’s Assistance to Support the Poorest in Cambodia

02[1]The World Bank has provided US$13 million to support Cambodia’s poorest and vulnerable people by strengthening food security and social safety nets.

The US$13 million agreement was signed here on Aug. 4 by Deputy Prime Minister and Minister of Economy and Finance H.E. Keat Chhon and World Bank’s Regional Operations Director for South East Asia and Country Director Mrs. Annette Dixon.

According to H.E. Keat Chhon, of the total amount, US$5 million is the credit from the World Bank, and US$8 million is the grants from the Global Food Respond Program (GFRP) and AusAID.

“The operation will assist the Royal Government of Cambodia to address the weakness in smallholder agricultural production and social protection systems,” stressed the Cambodian deputy prime minister.

The World Bank’s total assistance since 1993 to the Kingdom of Cambodia will reach a total amount of US$916 million comprising of grants of US$246 million and credits of US$670 million, he pointed out.

“We hope that this operation will reinforce the excellent work of other programs from Government, NGOs and donors supporting agriculture and social protection in Cambodia. It will also help the poor to improve their agricultural production and access to market, and to protect the most vulnerable group through better policies,” said Mrs. Annette Dixon at the signing ceremony.

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