TIMELINE AND KEY MILESTONES OF IFAD IN CAMBODIA
Cambodia became a member of the Fund in 1992. Since 1996 IFAD has supported the implementation of the RGC agricultural and rural development policies.
From the outset IFAD has worked closely with the Ministry of Agriculture, Fisheries and Forestry, leveraging resources of many internal and external partners. As early as 1998, IFAD pioneered project implementation through the decentralized structures.
In 2008, IFAD established a country presence and began to directly supervise its operations in Cambodia while keeping the responsibility for implementation with the Government. This has enabled stronger and closer partnership with government and strengthened IFAD’s role in policy dialogue and strategy development for the advancement of the rural people.
With its latest project - the PADEE - IFAD contributed a total of US$ 99.3 Million for a total investment cost of US$ 201.3 Million, reaching over 10% of the rural population and engaging a workforce of over 1700 people.
With the approval by RGC and IFAD management of the new partnership strategy in June 2013, it is expected that IFAD funded operations in Cambodia will further expand over the period 2013-2018 in close alignment with the Rectangular Strategy phase III.
As of June 2013, IFAD had 253 projects under implementation covering 96 countries for a total value of the portfolio worth over $12 billion.
IFAD resources are replenished every three years. Under the ninth replenishment (2013-2015), the Fund received pledges of around $1.40 billion, or 93 per cent of its $1.5 billion target, originating from 94 Member States.
In the Asia-Pacific region, IFAD is funding 59 on-going projects in 19 countries representing about US$ 1.6 billion.