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State, ADB sign grant

State, ADB sign grant

CAMBODIA signed a grant agreement with the Asian Development Bank on Monday providing US$5.75 million in funds from the Finnish government to help finance a poverty-reduction project in the Tonle Sap basin. In a statement issued on Monday, the ADB said the grant was part of a $55.3 million project aimed at improving the “uneven” development of the agricultural sector in Banteay Meanchey, Kampong Cham, Kampong Thom and Siem Reap provinces. In addition to the Finnish funds, $30.7 million will come from the ADB, $13.38 million from the International Fund for Agricultural Development and $5.47 million from the Cambodian government.

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