MANILA, Oct. 8 (PNA) — The Asian Development Bank (ADB) will provide Cambodia’s poorest families with US$ 35 million in emergency food assistance as they struggle to cope with rising food and fuel prices.
Poor families living around the Tonle Sap Lake, and in Phnom Penh’s urban slums, will receive free rice and other food subsidies. Food will also be provided to poor children attending early childhood learning centers and primary schools.
ADB assistance will foster employment through food-for-work programs, and impoverished farmers will receive seed and fertilizer to boost crop yields.
“ADB’s assistance will help half a million of Cambodia’s poorest people stave off hunger,” said Arjun Goswami, ADB’s Country Director in Cambodia.
Over the past year rice prices in Cambodia have doubled, the price of meat and fish has risen 30 to 50 percent, and farmers have been hit hard by a doubling of fertilizer prices.
Many impoverished families are selling their household assets and taking out high interest loans in order to purchase food, fueling a downward spiral of poverty.
“Cambodian households normally spend 60 percent of their income on food, so rising food prices have had an absolutely devastating effect on the country’s poorest families,” said Mr. Goswami.
One in every three children in Cambodia are undernourished, and the current food crisis is increasing the severity and scope of the country’s child malnutrition problem.
“ADB’s assistance is particularly focused on protecting Cambodia’s children from the ravages of malnutrition, which can impair their physical and mental development and cause a range of health ailments,” said Mr. Goswami.
ADB’s emergency food aid package consists of a US$ 17.5 million grant and an additional US$ 17.5 million loan being provided at concessional rates. The Government of Cambodia will provide a further US$ 5.08 million for the project.
Broadcasters interested in obtaining video interview footage of ADB’s Country Director in Cambodia, Arjun Goswami, along with B-Roll footage, please contact Multimedia Team Leader Jason Rush: jrush@adb.org, mob: +63-920-938-6490. High quality jpeg photos are also available.
Poor families living around the Tonle Sap Lake, and in Phnom Penh’s urban slums, will receive free rice and other food subsidies. Food will also be provided to poor children attending early childhood learning centers and primary schools.
ADB assistance will foster employment through food-for-work programs, and impoverished farmers will receive seed and fertilizer to boost crop yields.
“ADB’s assistance will help half a million of Cambodia’s poorest people stave off hunger,” said Arjun Goswami, ADB’s Country Director in Cambodia.
Over the past year rice prices in Cambodia have doubled, the price of meat and fish has risen 30 to 50 percent, and farmers have been hit hard by a doubling of fertilizer prices.
Many impoverished families are selling their household assets and taking out high interest loans in order to purchase food, fueling a downward spiral of poverty.
“Cambodian households normally spend 60 percent of their income on food, so rising food prices have had an absolutely devastating effect on the country’s poorest families,” said Mr. Goswami.
One in every three children in Cambodia are undernourished, and the current food crisis is increasing the severity and scope of the country’s child malnutrition problem.
“ADB’s assistance is particularly focused on protecting Cambodia’s children from the ravages of malnutrition, which can impair their physical and mental development and cause a range of health ailments,” said Mr. Goswami.
ADB’s emergency food aid package consists of a US$ 17.5 million grant and an additional US$ 17.5 million loan being provided at concessional rates. The Government of Cambodia will provide a further US$ 5.08 million for the project.
Broadcasters interested in obtaining video interview footage of ADB’s Country Director in Cambodia, Arjun Goswami, along with B-Roll footage, please contact Multimedia Team Leader Jason Rush: jrush@adb.org, mob: +63-920-938-6490. High quality jpeg photos are also available.
10 comments:
Way to go, Ah Kwack!
Way, to go Ah Pleu-Oversea. I hope WB can also give them roach infested housing.
We never trusted the corruption-infested government in the first place.
Damn.. Here it's become.. silly
We have a serious topic.
Some people here made comments
like dogs...
I thought we have surplus rice. Now we get loans for food?
I hope WB monitor this financial assistance carefully to be sure that help will reach to the poor families for sure.
thank you for helping the needy people because in any society, there's always a disparity in wealth. everything takes time, hopefully, in cambodia case, it would not take too long, the sooner the better for improvement. god bless cambodia.
As long as ah Hun Sen and gangster CPP ruling Cambodia,
about 90 per cent Cambodians going to need many help from out side.
This government CPP does not know how to run the country.
Ah kwak Hun Sen keep staying in power by stealing the votes.
Ah kwak trying telling the whole world that he is the smart man
by bought the PhD degree from oversea. Ah kwak never ashamed at all.
I never believe on Earth have this kind human.
thank you and god bless all of cambodian people.
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