23/09/2010
The FINANCIAL
The Asian Development Bank (ADB) is providing loans, grants and technical assistance of nearly $34 million to help Cambodia improve the management of its water resources and to upgrade irrigation services to strengthen food security and cut poverty.
ADB’s Board of Directors on September 23 approved the funds for the $63 million Water Resources Management Sector Development Program, which includes measures to strengthen national water regulations and to improve the management of river basin resources. It also will help the Ministry of Water Resources and Meteorology rehabilitate small- and medium-sized irrigation systems within the Tonle Sap Basin. ADB will also administer a loan from the OPECC Fund for International Development, and technical assistance grants from the Government of Australia and Nordic Development Fund to support program implementation.
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ADB’s Board of Directors on September 23 approved the funds for the $63 million Water Resources Management Sector Development Program, which includes measures to strengthen national water regulations and to improve the management of river basin resources. It also will help the Ministry of Water Resources and Meteorology rehabilitate small- and medium-sized irrigation systems within the Tonle Sap Basin. ADB will also administer a loan from the OPECC Fund for International Development, and technical assistance grants from the Government of Australia and Nordic Development Fund to support program implementation.
Please click here to read more...
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