Various development partners and IFAD were in the news during the first quarter of 2015, providing information on the development programs and funding agreements underway in Cambodia. Please find below a selection of press articles found online during this period:
-ADB: Cambodia on verge of being middle-income nation - 12 March 2015 - BangkokPost
To read the excerpts of these articles, please follow on:
ADB: Cambodia on verge of being middle-income nation - 12 March 2015 - BangkokPost
The head of the Asian Development Bank said Tuesday that Cambodia now ranks among the world's fastest-growing economies but still faces challenges. Speaking to reporters, Takehiko Nakao said the country's rapid economic growth was driven by strong gains in industry, services and agriculture, bringing Cambodia to the verge of transitioning from a low-income to a middle-income country. "It has rapidly reduced poverty from nearly 50% of the population in 2007 to just 19% in 2012, although many people have moved only slightly above the poverty line and remain vulnerable," Mr Nakao said...
Cambodian delegates from the Ministry of Economy and Finance signed the ASPIRE agreement with IFAD, opening the way for the implementation of an 80 million dollar program for Cambodia. The highly concessional loans and grants agreement was signed in IFAD Rome, on the 5th of March 2015.
#ifadsuggestedread - March 3 on IFAD FB - relayed by Oxfam Cambodia FB:
"According to the International Food Policy Research Institute’s 2014 Global Hunger Index 40 percent of Cambodian children younger than 5 are chronically malnourished, resulting in stunting, and 50 percent of them suffer from anemia. In parts of #Cambodia, the apin could help address some of these problems, according to a study by the University of Copenhagen; tarantulas have a particularly high zinc content, which is essential for child #growth. Yet with #deforestation showing no sign of slowing and with the tarantulas’ habitat diminishing, this opportunity to counteract malnutrition may be lost.
The International Fund for Agricultural Development (IFAD) yesterday unveiled a $52 million plan to help Cambodia’s government develop policies to assist poor farmers to improve agricultural productivity…Benoit Thierry, IFAD’s Southeast Asia country program manager, confirmed the new investment as well as the establishment of an in-country office in Phnom Penh yesterday. "We operate firstly to ensure food stability and nutrition for Cambodia’s poor farmers, but then hope to encourage them to establish agricultural businesses of their own," Thierry said...
EU - The European Union (EU) has announced it has allocated EUR 410 million (around USD 510 million), under its bilateral cooperation with Cambodia over the period 2014-2020 to continue its support to Cambodia's progress. The funds will help to strengthen agriculture and natural resource management, provide better education and implement governance and administration reforms...