ADB provides US$332 million for Cambodia to boost economic recovery

PHNOM PENH, Dec. 8 (Xinhua): The Asian Development Bank (ADB) has signed up to provide US$332 million for Cambodia to support its response to COVID-19, further develop the financial sector, build urban infrastructure and help improve the road network.

Cambodian Minister of Economy and Finance Aun Pornmoniroth and ADB acting country director for Cambodia Anthony Gill signed the loan and grant agreements for 30 million dollars for Greater Mekong Subregion (GMS) Health Security Project, US$180 million for Livable Cities Investment Project, US$82 million for Road Network Improvement Project in the second phase, and US$40 million for Inclusive Financial Sector Development Program, said the lender's press release.