Phnom Penh (FN), Oct. 30 – The Asian Development Bank (ADB) and Cambodia’s Ministry of Economy and Finance today signed two agreements worth $89 million that will boost rural areas’ access to water supply and sanitation services and improve the country’s financial sector development efforts, according to ADB's press release dated Wednesday.
ADB Country Director for Cambodia Ms. Sunniya Durrani-Jamal and Cambodia’s Deputy Prime Minister and Minister for Economy and Finance Mr. Aun Pornmoniroth signed the agreements for the Third Rural Water Supply and Sanitation Services Sector Development Program and the Inclusive Financial Sector Development Program (Subprogram 2) at a ceremony in Phnom Penh.
“The two programs support all four priority areas of the Rectangular strategy IV, which are human resource development through the improvement of public health care and nutrition; economic diversification by promoting financial and banking sector development; private sector development and employment by supporting small and medium-sized enterprises (SMEs); and inclusive and sustainable development through the promotion of agricultural and rural development,” said Ms. Durrani-Jamal.
Over 400,000 people will benefit from the Third Rural Water Supply and Sanitation Services Sector Development Program, approved by ADB in September 2019, through the construction and rehabilitation of 2,500 water supply and sanitation facilities, as well as the implementation of awareness campaigns in at least 400 villages across 10 Cambodian provinces.
Read in full: https://www.adb.org/news/adb-cambodia-sign-deals-improve-water-supply-financial-sector-development