The Royal Government of Cambodia and the Asian Infrastructure Investment Bank (AIIB) have signed a co-financing agreement for cross-border animal projects and US$ 43 million in animal value chain infrastructure.
The agreement was signed at the 8th Annual Meeting of the Board of Governors of the AIIB 2023 on September 25-26, 2023 in Sharm_el-Sheikh, Egypt. The topic was “Sustainable Growth in a Challenging Word”.
At the same time, the project aims to (1) improve the production and raising of animals with quality and hygiene, (2) strengthen the safety of animal and human health, prevent and prevent infectious diseases, and (3) promote cross-border animal trade among countries. The Greater Mekong Subregion includes Cambodia, Laos, Vietnam, Thailand, and China.
In addition, the project will be implemented in six target capitals and provinces, including Phnom Penh, Kampong Cham, Oddar Meanchey, Prey Veng, Siem Reap and Takeo.
In addition, the total funding includes US$ 33 million in concessional financing from the AIIB and US$ 10 million in grants from the Pandemic Prevention, Preparedness and Response Facility Trust Fund.
It should be noted that this project is a joint financing project between the Asian Development Bank (ADB) and AIIB with a total amount of US$128.78 million US dollars, of which ADB co-financing of 62.9 million US dollars and the Government US$ 22.88 million.
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