Source: Asian Development Bank (ADB)
MANILA, PHILIPPINES - Cambodia will target sweeping new measures to boost incomes and livelihood opportunities for thousands of poor households in the Tonle Sap Basin region, in a bid to broaden the country's economic base and address growing income disparities between urban and rural areas.
To aid the government's goal, the Asian Development Bank's (ADB) Board of Directors approved a loan and grant totaling $30.7 million for the Tonle Sap Poverty Reduction and Smallholder Development Project. Two of ADB's development partners in Cambodia, the International Fund for Agricultural Development (IFAD), and the Government of Finland will also contribute a combined $19.1 million.
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