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The ADB Wants Cambodia to Step Up Investments in Agriculture

By: The Mirror Posted: July-14-2010 in
The Mirror

The Mirror, Vol. 14, No. 673

“Phnom Penh: The president of the Asian Development Bank, Mr. Kuroda Haruhiko [ADB総裁黒田東彦], stated during a food safety forum in Manila in the Philippines on 7 July 2010, that with the signs of economic recovery in Asia, the area has to achieve regional food security, where also Cambodia has to step up investments in agriculture.

“The Asian Development Bank stated on 8 July 2010 that it wants the Cambodian government to find more investors in agriculture, while the economy in Asia is recovering from the global economic crisis. Therefore, investments in agriculture must be stepped up in order to protect poor people from the bad impacts of rising food prices.

“The president of the Asian Development Bank, Mr. Kuroda Haruhiko, said that to achieve regional, national, and family food security are long term challenges for Asia, even though the economy is getting better at present. In 2008, the food crisis was taken by the Asian Development Bank as an example of a difficult experience. Mr. Kuroda added that in mid 2008, food prices around the world increased to the highest rate in 30 years, and many people among the poor in Cambodia had difficulties in managing their money to buy their daily food.

“The intention of the Asian Development Bank is in line with strategies of the Ministry of Agriculture, Forestry, and Fisheries and especially also of the Royal Government of Cambodia as a whole, as Cambodia is trying to recover from the economic crisis and is heading toward success. Cambodia is accomplishing development in agriculture and is strengthening strategic plans in this field countrywide, since Cambodia is a country that depends mainly on agriculture; many national and international investors are cooperating with the Royal Government of Cambodia to serve agriculture.” Kampuchea Thmey, Vol.9, #2298, 11-12.7.2010

This article was first published by The Mirror, Vol. 14, No. 673 - Monday, 12.7.2010
Have a look at the last editorial - you can access it directly from the main page of The Mirror.

Norbert Klein is the Editor of The Mirror – The Mirror is a daily comprehensive summary and translation of the major Khmer language press - More about The Mirror

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