France, via AFD, is committed to strengthening the agricultural sector and food safety in Cambodia
Phnom Penh, December 22, 2020 - Ophélie BOURHIS, Director of the French Development Agency in Cambodia and HE AUN Pornmoniroth, Deputy Prime Minister and Minister of Economy and Finance (MEF), witnessed by HE Eva NGUYEN BINH, Ambassador of France, signed an agreement for the financing of the ACSEP project. This project aims to strengthen and diversify the agricultural sector in order to improve the competitiveness of Cambodian agriculture and increase added value at the national level.
The agriculture sector in Cambodia employs over a third of population and contributes over 20% of the GDP. Nevertheless, it still faces many challenges, which limit its competitiveness compared to neighboring countries. It is also particularly vulnerable to climate change.
To strengthen of this sector, this project will support the development of five agricultural value chains (cassava, mango, cashew nuts, vegetable and poultry) in six provinces of Cambodia (Kampong Cham, Kampong Thom, Oddar Meanchey, Preah Vihear, Siem Reap and Tbong Khmum). It will focus on access to finance for producers, emerging of professional organizations and improvement of food safety. The connectivity will also be enhanced by the rehabilitation of 110 km of rural roads.
The French Development Agency funds this project to the tune of US$ 25 million, in co-financing with the Asian Development Bank (ADB), the ASEAN Infrastructure Fund and the Japan Fund for Poverty Reduction (JFPR).
“AFD has supported the development of agriculture in Cambodia for more than 20 years. After supporting the emerging of rice and rubber sectors, we are proud to contribute with ACSEP to the revitalization and diversification of the rural economy, by strengthening the five promising value chains such as cassava, mango, cashew, vegetable and poultry. We are also proud to consolidate our partnership with the Asian Development Bank in this way and to strengthen our support to Cambodian populations in a context of crisis linked to Covid-19 pandemic”, stated Ophélie Bourhis, Director of AFD at Cambodia.
Agence Française de Développement Group (AFD Group) implements France’s policy in the areas of development and international solidarity. It finances, supports and accelerates transitions towards a more coherent and resilient world. Comprised of AFD, which finances the public sector and NGOs; Proparco, which finances the private sector; and soon, Expertise France for technical cooperation, the Group finances, supports and accelerates transitions towards a more resilient and sustainable world.
With our partners, we are building shared solutions with and for the people of the Global South. Our teams are active in more than 4,000 projects in the field – in overseas France, in some 115 countries and in crisis areas, working to promote the “common goods” that are climate, biodiversity, peace, gender equality, education and health. It is our way of contributing to the commitment France and the French people have made to achieve the Sustainable Development Goals. Towards a world in common. http://www.afd.fr