ADB, Cambodia Ink New Country Partnership Scheme

A vendor at market in Cambodia. The Asian Development Bank plans to invest $500 million in Cambodia through a partnership strategy with a focus on inclusive economic growth, social development and equity. Photo by: Bart Geesink / CC BY-SA

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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    Ivy Mungcal

    As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.