Global Times, Jan 17 2013:

The Asian Development Bank (ADB) on Thursday signed up to provide $230 million to Cambodia for six development projects, aiming at promoting inclusive growth and reducing poverty in Cambodia, according to the bank's media statement.

The financing agreements were inked between Eric Sidgwick, country director of ADB to Cambodia, and Cambodian deputy Prime Minister and finance minister Keat Chhon.

The $230 million assistance includes $218.46 million concessional loan and $11.7 million grant, the statement said, adding that the six projects are focused on education, decentralized public service and financial management sector, economic diversification promotion, flood and drought risk management and mitigation, power sub-transmission line construction, and Southern economic corridor town development project. Click here to read the full article.