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ADB announces $1.8 mil. grant for Cambodian farmers.

MANILA, Nov. 12 Kyodo

The Asian Development Bank (ADB) said Tuesday it has agreed to provide $1.8 million drawn from a Japanese government fund to finance income-generating activities for impoverished farmers in southern Cambodia, especially women.

The fund will be drawn from its Japan Fund for Poverty Reduction (JFPR) and implemented by Centre d'Etude et de Developpement Agricole Cambodgien (CEDAC), a local nongovernmental organization.

''The project aims to reduce rural poverty by providing farmers with access to agricultural services and resources through nongovernment organizations,'' the Manila-based bank said in a statement.

Cambodia, with a population of 12 million, is one of the region's lowest-income countries with an estimated per capita gross domestic product of $259. Of the 36% of the population living below the poverty line, nine out of 10, or 3.6 million, live in the countryside.

The bank said the project is expected to improve access to income-generating opportunities through small-scale village infrastructure sub-projects such as community ponds and tree plantations.

''The project will strengthen the ability of farmers to apply agricultural technologies through meetings to introduce new ideas and skills training and self-help programs,'' it said.

The JFPR was set up in 2000 with a contribution of 10 billion yen (about $90 million), followed by additional contributions of $155 million and a commitment of $50 million. The fund supports projects that target poor people and prioritizes innovative approaches.
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Publication:Asian Economic News
Date:Nov 18, 2002
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