Cambodian Agricultural Partnership Competition has recently kicked off with an aim to address key challenges in Cambodia’s agriculture sector including cold chain, storage capacity, and logistics, said the U.S. Embassy in Phnom Penh in a press release issued yesterday.
The competition, launched on Feb. 24, 2021 by the U.S. government, through the U.S. Agency for International Development (USAID), will make US$3.5 million available in grant funding to private companies, pointed out the same source, adding that it will also require companies to provide a one-to-one funding match and is designed to work with the private sector to respond to the most pressing needs for agricultural cold chain, storage, and logistics.
The competition aims to help Cambodia’s Ministry of Agriculture, Forestry and Fisheries achieve the strategic priorities of its Agriculture Sector Development Plan 2019-2023 with market-driven solutions, in underlined.
“The United States is a long-standing partner to Cambodia and its agriculture sector,” said U.S. Ambassador to Cambodia H.E. W. Patrick Murphy. “This competition is designed to challenge local and international companies to come up with innovative solutions to advance Cambodia’s economic competitiveness by expanding market access, improving infrastructure and logistics, and promoting private sector engagement and investment across the agriculture value chain.”
The competition will close on April 16, 2021. Interested parties should visit https://www.mspgrants.com/cambodia/ to learn more about this opportunity.
According to the press release, the U.S. Embassy is highlighting how its partnerships contribute to Cambodia’s development this year as part of the “AmCam 2021” campaign. In the first quarter of this year, the Embassy is focusing on themes of Prosperity and Sustainability. #AmCam2021.
Source: Agency Kampuchea Press