Sunday, November 16, 2008

68,000 poor families of Cambodia receive emergency food assistance from ADB

68,000 poor families of Cambodia receive emergency food assistance from ADB

PHNOM PENH, Nov. 14 (Xinhua) -- Over 68,000 poor families of Cambodia have received emergency food assistance following the Asian Development Bank (ADB) Board of Directors' approval of the project last month, said an ADB press release here on Friday.

"This assistance is making a very real difference in the lives of Cambodia's most vulnerable, particularly its children," said ADB Country Director Arjun Goswami.

"Putting food on the tables of Cambodia's poorest families, just one month after the project's approval, is a commendable accomplishment by the government," he said, adding that food distribution has been supervised by independent NGO monitors.

One of the primary objectives of ADB's emergency food assistance is to help support Cambodia's efforts to ameliorate the food price inflation shock on the poorest and most vulnerable families in the seven provinces around the Tonle Sap Lake, and in three urban slums around Phnom Penh, said the release.

The project targeted the poorest 20 percent of poor families in 200 selected communes, it added.

The ADB, based in Manila, is dedicated to reducing poverty in the Asia and Pacific region through inclusive economic growth, environmentally sustainable growth, and regional integration.

Established in 1966, the ADB is owned by 67 members, 48 from the region. In 2007, it approved 10.1 billion U.S. dollars of loans, 673 million dollars of grant projects, and technical assistance amounting to 243 million dollars, according to the release.

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