Logo of Phnom Penh Post newspaper Phnom Penh Post - ADB to submit plan for $38m food project

ADB to submit plan for $38m food project

ADB to submit plan for $38m food project

NEXT month, the Asian Development Bank

will submit to its board of directors a proposal for an emergency food

aid project following the government's request for US$38 million to

ensure food security between 2008 and 2011, a bank official said last

week.

The project would benefit more than 500,000 people in five

provinces around the Tonle Sap river and some poor areas of Phnom Penh,

said Arjun Goswami, the bank's country representative, in an email.

He

said worldwide price hikes for food and fuel have pushed traders to

sell their rice to neighbouring countries, thus driving down domestic

supply.

"Our highest concern, as well as that of the government's,

therefore, is to do whatever we can to ensure that the vulnerable

segment of the population continues to have affordable access to basic

food commodities," Goswami said.

He said that in response to rising

food costs the government has established an interministerial National

Food Security Taskforce, headed by the Ministry of Economy and Finance,

that would provide overall policy guidance and coordination of the

project.

He added that reports of drought may bode ill for the future.

 "We

are aware of recent media reports that some areas of the country are

experiencing drought, which may impact rice crop yield. If this were to

actually happen, then it will undoubtedly exacerbate an already

difficult situation," Goswami said.

MOST VIEWED

  • Breaking: US House passes 'Cambodia Democracy Act'

    The US House of Representatives in Washington, DC, on Monday, passed the “HR 526 Cambodia Democracy Act”, also known as the Cambodia Democracy Act of 2019. If signed off by the president, the bill will allow two major sets of action to be taken against high-ranking Cambodian

  • ‘Zero-dollar’ tours under fire

    Minister of Tourism Thong Khon has blamed “zero-dollar” tour operators for the decrease in foreign tourists to Angkor Archaeological Park in the first half of this year and has called for action against them. Angkor Archaeological Park received 1.24 million foreign visitors in the first half

  • Breaking: Rubbish found packed inside 83 containers at S'ville port

    Eighty-three containers packed with rubbish were broken open at Sihanoukville Autonomous Port by joint authorities on Tuesday. The origin of the containers has yet to be ascertained, Ministry of Environment spokesman Neth Pheaktra said. Pheaktra, who is also the ministry’s secretary of state, said

  • Some jobs off limits to foreigners from August

    Beginning from the second week of August, foreigners will be banned from driving taxis and tuk-tuks, as well as being motorcycle delivery drivers, street food vendors, hairdressers and product distributors among other lower-income jobs. Some white-collar jobs such as the head of human resources will