The Asian Development Bank has signed a new country partnership strategy with Cambodia, which defines the bank’s strategic approach to its aid program in the country for the period 2011-2013.
ADB said July 7 that it plans to invest up to $500 million in Cambodia through the partnership strategy, with a focus on promoting social development and equity and inclusive economic growth.
The bank’s proposed activities include the modernization of roads and irrigation systems across the country, expansion of water supply and sanitation services, and provision of technical and vocational skills training. ADB said it will also allocate funds to mainstream climate resilience in its ongoing and new projects in Cambodia.
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