IFAD and EIB launch $125 million project to boost rural incomes and food security in Cambodia
Global, Asia, Cambodia
The International Fund for Agricultural Development (IFAD), together with the Government of Cambodia and the European Investment Bank (EIB), are launching a US$125 million rural development project today that aims to boost incomes and food security for 200,000 families in Cambodia.
In Cambodia, two-thirds of rural families face seasonal food shortages each year. Farmers often lack access to new markets, training and technology, and rural infrastructure is often poor. This leaves rural communities, especially youth, cut-off from business and employment opportunities.
The objective of the Sustainable Assets for Agriculture Markets, Business and Trade project (SAAMBAT) project is to improve livelihoods by better connecting rural communities to markets, technical training and employment opportunities.