The financial package includes a $50 million loan from the ADB, a $12 million grant from the Asian Development Fund, and $900,000 in aid from the Climate Change Fund.
The resources will finance a project to improve cross-border livestock health and value chains in the Greater Mekong subregion, which will directly benefit at least 40,000 households in the capital, Phnom Penh, and in other five provinces, the Khmer Times reported.
This will also help the development of infrastructure in the provinces of Kandal, Kampong Thom and Pursat to meet the quality needs of veterinary vaccines and artificial insemination.
As noted by ADB’s Southeast Asia Specialist Srinivasan Ancha, the livestock subsector is crucial for sustainable livelihoods and food security in Cambodia, offering many opportunities for smallholder farmers and small and medium-sized businesses.
The project will improve productivity and resilience of the livestock subsector by reducing the risks of transboundary animal diseases, zoonoses and resistance to antimicrobials.