Logo of Phnom Penh Post newspaper Phnom Penh Post - France gives $91 million for agriculture, climate fight



France gives $91 million for agriculture, climate fight

Content image - Phnom Penh Post
A view of a nearly dried river in Cambodia. Heng Chivoan

France gives $91 million for agriculture, climate fight

The French government, through the French Development Agency (AFD), has provided two credit agreements worth €75 million ($91 million) to Cambodia to support sustainable agricultural and rural development, as well as climate change fight in Cambodia.

In a Facebook post on December 21, the French embassy said the agreements were signed by Cambodian Minister of Economy and Finance Aun Pornmoniroth, French ambassador to Cambodia Eva Nguyen Binh and AFD Cambodia director Ophelie Bourhis.

The grants are for the Rural Infrastructure Development for Cambodia (RID4CAM) and Agriculture Value Chain Competitiveness and Safety Enhancement (ACSEP) projects.

The French embassy has confirmed that the RID4CAM project provides for the improvement of basic services for rural people and contributes to connecting remote areas.

The ACSEP project will facilitate the agricultural sector by supporting some potential sectors such as cashew nuts, mangoes and poultry.

Minister of Agriculture, Forestry and Fisheries Veng Sakhon told The Post on December 22 that the ACSEP project, which has a budget of $30 million, is co-financed by the Asian Development Bank (ADB).

“One project focuses on the construction of rural roads. The other is for the development of some high-value crops such as cassava, cashew, vegetables and rubber,” he said.

And a $60 million grant will be spent on the RID4CAM project, which is still under the research stage and will focus on vegeculture to boost animal feed production in Cambodia.

“We see that the demand for animal feed in Cambodia is growing. There is [also the need of feed] supply to both fish and livestock feeding in Cambodia, and also focus on high-value farming such as vegetables and other things that is needed in today’s market,” he said.

MOST VIEWED

  • Ministry mulls ASEAN+3 travel bubble

    The Ministry of Tourism plans to launch a travel bubble allowing transit between Cambodia and 12 other regional countries in a bid to resuscitate the tourism sector amid crushing impact of the ongoing spread of Covid-19, Ministry of Tourism spokesman Top Sopheak told The Post on

  • Courts’ decisions now published as reference source

    The Ministry of Justice has published 44 verdicts from civil litigation cases which can be used as models for court precedents and for study by the public and those who work in pertinent fields. Publication of the verdicts on December 31 came as the result of joint

  • ‘Kingdom one of safest to visit in Covid-19 era’

    The Ministry of Tourism on January 12 proclaimed Cambodia as one of the safest countries to visit in light of the Kingdom having been ranked number one in the world by the Senegalese Economic Prospective Bureau for its success in handling the Covid-19 pandemic. In rankings

  • Quarantine site in north Phnom Penh inaugurated

    A four-building quarantine centre in Phnom Penh’s Prek Pnov district was formally inaugurated on January 6. The centre can house up to 500 people, according to Phnom Penh municipal governor Khuong Sreng. At the inauguration ceremony, Sreng said the municipal hall had cooperated with the Ministry

  • China firm to develop Mondulkiri airport

    Tourism to the Kingdom’s northeast corridor could experience a remarkable metamorphosis after the government decided in principle of a Chinese company to study and develop a proposal to build a regional-level airport in Mondulkiri province, according to industry insiders. The Council of Ministers said

  • More than 5K workers rush from Thailand amid outbreak

    Following the recent outbreak of Covid-19 in Thailand’s Samut Sakhon province, Cambodian migrants working in Thailand were gripped by worry over the situation and many rushed to return to their homeland. Over the past 10 days, more than 5,000 migrant workers have returned from Thailand through