ADB Continues Support for Cambodia’s Development with US$4.6 Billion Investment

• 3 May 2023
• Local News
• 1057 Views

The Asian Development Bank (ADB) has been a strong partner in Cambodia’s development journey, with a total investment of US$4.6 billion for 331 public sector projects in the form of loans, grants, and technical assistance. This was revealed in the ADB Member Fact Sheet 2022, which was released in April 2023.

In 2022, ADB has committed to providing US$373 million in loans to Cambodia to support various initiatives. These include:

• strengthening the health system, including access to vaccines and the health of migrant workers (read more)
• promoting science, technology, engineering, and mathematics education,
• promoting climate resilience, and coastal and livestock fisheries in Cambodia (read more)
• accelerating sustainable energy transfer (read more), and
• promoting international competition. (read more)

ADB will also provide US$52.25 million in total, including US$12.7 million in co-financing, to help Cambodia achieve sustainable development goals, accelerate clean energy transfers, and promote gender equality.

Moreover, ADB has approved US$3.1 million in technical assistance for political reform, capacity development, project planning, and implementation by 2022.

The continued support of ADB is crucial for Cambodia’s economic growth and development. The investments in various sectors will not only create more opportunities but also enhance the quality of life for Cambodians.

• Investment and Funding