MANILA (Xinhua): The Asian Development Bank (ADB) on Friday said it approved a policy-based loan of US$50 million to support Cambodia's efforts in enhancing governance and public financial management systems, enabling equitable and resilient service delivery.
The first subprogram of the Strengthening Governance for Improved Service Delivery program continues the ADB's assistance to broaden and deepen the implementation of Cambodia's Public Financial Management Reform Program, which is currently in its fourth phase, to improve performance accountability, the Manila-based bank said in a press release.
