Cambodia Seeks ADB’s technical and financial assistance

Cambodian Secretary of State for Commerce H.E. Mrs. Tekreth Kamrang has sought the Asian Development Bank (ADB)'s technical and financial assistance for the country's sustainable growth.

While meeting with Mr. Jan Hansen, Senior Economist at ADB, at the ministry office on April 27, H.E. Mrs. Tekreth Kamrang requested ADB to provide technical and financial assistance on Cambodia's priority sectors such as technical and vocational education and training (TVET), private sector development through public and private sector partnership programme (PPP), trade facilitation within the TFA framework, and in particular the upgrading the current ASYCUDA system, according to a news release of the Ministry of Commerce.

Such efforts in bridging the skill gap and sustainability sectors will contribute to Cambodia's sustainable economic growth, she underlined.

In addition, H.E. Mrs. Tekreth Kamrang asked ADB to consider supporting agro-processing industrial residues in the special economic zone, light manufacturing sector, advancing technology transfer, and possibility to establish trade research centre.

In reply, Mr. Jan Hansen affirmed that the commission team will review and integrate the above-mentioned requests into the mission review meeting.

In partnership with the Royal Government of Cambodia, the ADB seeks to provide the Kingdom grant and loan for a three-year period (2018-2020) to formulate and implement a number of projects, including capacity building for irrigated agriculture improvement, subprogramme 3 of the inclusive financial sector development programme, capacity building for development of public private partnerships, and the programme to support the second ASEAN economic community (AEC) for implementation of 2020.

Source: Agency Kampuchea Press