Gov’t agro production project nets $36.3M
2017-03-09 15:21:46 / CIMIF
The Ministry of Economy and Finance secured a $36.3 million concessionary loan from the UN’s International Fund for Agricultural Development (IFAD) program aimed at accelerating the production of small-scale agricultural products including rice, vegetables, potatoes, silk and livestock, according to a ministry release yesterday.
Besides the fund from IFAD, the ministry noted that it will contribute an additional $8.68 million from government coffers and raise $16.7 million from private sector partners for the program. The announcement did not detail the loan’s repayment terms or interest rate but noted that IFAD would disperse the fund until 2022.
Source: Phnom Penh Post
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