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Ministry asks EIB for assistance to boost agriculture

Sum Manet / Khmer Times Share:
European Investment Bank. flickr/準建築人手札網站 Forgemind ArchiMedia

The Ministry of Agriculture yesterday asked the European Investment Bank in Asia for assistance to develop the forestry and agriculture sectors in the country.

During a meeting at the ministry yesterday, Veng Sakhon, the Minister of Agriculture, and the EIB delegation discussed the role the bank can play in helping the government achieve its goals as outlined in the official strategy for the development of the agriculture sector for 2019-2023.

“In order to develop the sector sustainably, the ministry has requested EIB to consider supporting projects that aim to increase the value of agricultural products through the construction of packaging, processing and storage facilities, as well as improving transportation to ensure the quality and safety of our products.

“We also aim to improve irrigation systems and to appropriately develop our forestry resources through knowledge and technology,” he said.

“All of these goals require the participation of all stakeholders who must work together with accountability and transparency.

“We hope EIB will consider collaborating with the ministry to achieve our goals,” Mr Sakhon said, adding that the European Union plays a vital role in the development of agriculture in Cambodia through technical and financial assistance.

Olga Pascenco, EIB loan officer, said EIB projects focus on raising awareness of the impact of climate change on agriculture, promoting reforestation to maintain ecosystem biodiversity, preserving natural resources, creating ecotourism zones and revenue sources for local communities, and building infrastructure projects to support local crops.

Ms Pascenco said the bank will soon send a team of experts to learn more about the ministry’s strategy for the development of agriculture and to determine EIB’s priorities in Cambodia.

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