Cambodia and IFAD Join Hands in Poverty Eradication

Royal Government of Cambodia and the International Fund for Agricultural Development (IFAD) have jointly been committed to alleviate poverty by 2030.

The commitment was shared by Senior Minister and Minister of Economy and Finance H.E. Aun Porn Moniroth after leading a senior delegation for IFAD's 41st session of the Governing Council taking place recently in Rome, Italy.

According to the senior minister, Cambodia supports IFAD's bold pledge of leaving no one behind in poverty by 2030.

Cooperation between the Royal Government of Cambodia and IFAD 2019-2021, he said, will look into emerging priority needs of Cambodia after moving up from the low-income into lower-middle income country, and toward upper-middle income status.

From its end, Cambodia will increase the country's annual counterpart amount with IFAD's assistance from US$315,000 to US$450,000 throughout 2019 to 2021.

Senior leadership of IFAD expressed complete support for the commitment of Cambodia and pledged to expand its cooperation with the country.

IFAD is an international financial institution and a specialised agency of the United Nations dedicated to eradicating poverty and hunger in rural areas of developing countries.

The institution's 41st session of the Governing Council attended by the Cambodian delegation was themed From fragility to long-term resilience: investing in sustainable rural economies.

Source: Agency Kampuchea Press