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The Asian Development Bank (ADB) on December 6 announced that it has greenlit a $50 million policy-based loan under Subprogram 1 of its Trade and Competitiveness Program to support government efforts to diversify the economy, better enable local businesses to compete globally, and boost Covid-19 recovery.
ADB approved a US$50m policy-based loan to support the government of Cambodia to diversify the country’s economy and boost competitiveness.
ADB has approved a $50 million policy-based loan under subprogram 1 of the Trade and Competitiveness Program to support the Government of Cambodia to diversify the country’s economy and boost its global competitiveness.
“The COVID-19 pandemic severely impacted key sectors of the Cambodian economy like garment, footwear, and textile manufacturing, as well as tourism and construction,” said ADB Senior Economist Sion L. Morton.
Industry Ministry observed that vocational education could tailor human resource (HR) skills to match job market requirements, as an integrated part of ...