ADB bumps up aid to Cambodia

PHNOM PENH, 19 December 2012: The Asian Development Bank (ADB) on Tuesday announced a US$525 million aid plan for Cambodia over the next three years to promote the country’s economic growth.

The ADB said the money would be used to fund projects to promote rice production and exports, improve transport links and irrigation systems, and develop towns along economic “corridors” connecting Southeast Asia.

Although the report did not mention tourism, ADB has been funded project to support tourism development, mainly roads and other infrastructure to assist the growth of sustainable tourism as part of its poverty elimination programmes.

Sourced: ttrweekly