Logo of Phnom Penh Post newspaper Phnom Penh Post - ADB okays $6.8M in grants to fuel tourism, rice sectors

ADB okays $6.8M in grants to fuel tourism, rice sectors

Content image - Phnom Penh Post
The Asian Development Bank (ADB) has approved two grants to boost tourism and rice production in the Kingdom. ADB

ADB okays $6.8M in grants to fuel tourism, rice sectors

The Asian Development Bank (ADB) has announced that it greenlit $6.8 million in grants for two projects, to support the Kingdom on its way to socio-economic recovery from the scourge of the Covid-19 crisis.

The Metro Manila-based development lender said in a statement on January 31 that one grant for $3.7 million “is expected to benefit 4,000 villagers through the Community-Based Tourism Covid-19 Recovery Project”.

“[The project] covers the areas near the heritage Temple of Preah Vihear in Preah Vihear province and the Temple of Phnom Da in Takeo province. Most of the funding, $3 million, is provided by the Japan Fund for Prosperous and Resilient Asia and the Pacific.

“The other grant, at $3.9 million, will benefit about 22,000 smallholder rice farmers by providing additional financing for the Climate Resilient Rice Commercialisation Sector Development Programme in the provinces of Battambang, Kampong Thom, and Prey Veng.

“Most of the funding, $3.8 million, comes from the Global Agriculture and Food Security Programme, a global fund aimed to reduce hunger and improve nutrition in low-income countries,” the ADB said.

ADB acting country director for Cambodia Anthony Gill said: “The first grant will help communities improve tourism infrastructure and customer service, which can attract more tourists and boost the local economy.

“The second grant will help Cambodia’s rice producers increase incomes and climate resilience by addressing logistics and supply chain disruptions caused by Covid-19,” he added.

The ADB stressed that it “is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty”.

Established in 1966, the bank lists 68 members, 49 of which are from the Asia-Pacific region.


  • Wing Bank opens new branch in front of Orkide The Royal along Street 2004

    Wing Bank celebrates first anniversary as commercial bank with launch of brand-new branch. One year since officially launching with a commercial banking licence, Wing Bank on March 14 launched a new branch in front of Orkide The Royal along Street 2004. The launch was presided over by

  • Girl from Stung Meanchey dump now college grad living in Australia

    After finishing her foundational studies at Trinity College and earning a Bachelor’s degree from the University of Melbourne in 2022, Ron Sophy, a girl who once lived at the Stung Meanchey garbage dump and scavenged for things to sell, is now working at a private

  • Ministry using ChatGPT AI to ‘ease workload’; Khmer version planned

    The Digital Government Committee is planning to make a Khmer language version of popular artificial intelligence (AI) technology ChatGPT available to the public in the near future, following extensive testing. On March 9, the Ministry of Post and Telecommunications revealed that it has been using the

  • Wat Phnom hornbills attract tourists, locals

    Thanks to the arrival of a friendly flock of great hornbills, Hour Rithy, a former aviculturist – or raiser of birds – in Kratie province turned Phnom Penh tuk tuk driver, has seen a partial return to his former profession. He has become something of a guide

  • Ministry orders all schools, public and private, to close for SEA Games

    From April 20 to May 18, all public and private educational institutions will be closed to maintain order and support Cambodia's hosting of the 32nd SEA Games and 12th ASEAN Para Games, said a directive from the Ministry of Education, Youth and Sport. Cambodia will host the

  • Almost 9K tourists see equinox sunrise at Angkor Wat

    Nearly 9,000 visitors – including 2,226 international tourists – gathered at Angkor Wat on March 21 to view the spring equinox sunrise, according to a senior official of the Siem Reap provinical tourism department. Ngov Seng Kak, director of the department, said a total of 8,726 people visited Angkor Wat to