The Asian Development Bank (ADB) on December 8 signed agreements to provide 332 million USD for Cambodia to support the Southeast Asian nation in responding to COVID-19, developing its financial sector and urban infrastructure, and improving road network.
At the signing ceremony (Photo: //www.khmertimeskh.com/)
Hanoi (VNA)- The Asian Development Bank (ADB) on December 8 signed agreements to provide332 million USD for Cambodia to support the Southeast Asian nation inresponding to COVID-19, developing its financial sector and urbaninfrastructure, and improving road network.
Cambodian Minister of Economy and Finance AunPornmoniroth and ADB acting country director for Cambodia Anthony Gill signedthe loan and grant agreements for Greater Mekong Subregion (GMS) Health Securityproject, Livable Cities Investment project, Road Network Improvement project inthe second phase, and Inclusive Financial Sector Development programme.
Gill said that as Cambodia's long-standing development partner, ADB iscommitted to supporting the country's economic competitiveness and inclusivedevelopment.
The GMS Health Security project is aimed atimproving laboratory services and infection prevention control at 81 provincialand district hospitals across Cambodia, while the Livable CitiesInvestment project will help provide better wastewater and solid wastemanagement services to more than 140,000 residents in Bavet, Kampot, and Poipetcities.
The second phase of theRoad Network Improvement project will rehabilitate 48 kilometers of nationaland provincial roads in Prey Veng and Kandal to boost economic developmentalong the GMS Southern Economic Corridor.
The Financial SectorDevelopment programme willꦉ help the Cambodian government implement reforms toboost financial stability, and upgrade financial sector infrastructure./.
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At the signing ceremony (Photo: //www.khmertimeskh.com/) 
