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Cambodia's Agriculture Sector to Strengthen Cooperation with World Bank IFC, Focusing on Investment Promotion and Rural Development
Cambodia's Ministry of Agriculture held discussions with the International Finance Corporation (IFC), part of the World Bank Group, to enhance cooperation in supporting the private sector and developing agricultural communities. This move is seen as crucial for promoting investment and sustainable development in the nation's agricultural sector.
On the morning of September 21, 2026, H.E. Dith Tina, Minister of Agriculture, Forestry and Fisheries, received Mr. Allen Forlemu, Regional Industry Lead and Director of the Finance Institutions Group for Asia Pacific of the International Finance Corporation (IFC), a member of the World Bank Group. The meeting, held at the Ministry of Agriculture, Forestry and Fisheries, was for a courtesy call and to discuss work on supporting the private sector and developing agricultural communities. This discussion is seen as a significant step towards promoting international investment in Cambodia's agricultural sector and supporting the economic independence and sustainable development of rural areas. The IFC, an institution within the World Bank Group that promotes private sector investment in developing countries, is expected to contribute through infrastructure development, technology adoption, and market access improvement in Cambodia's agricultural sector. Agriculture remains a crucial cornerstone of the Cambodian economy, supporting the livelihoods of a large portion of the population. Stabilizing agricultural income and improving productivity are urgent issues, particularly in rural areas. The strengthened cooperation with the IFC is expected to lead to the introduction of concrete support measures to address these challenges, positioning it as part of the Cambodian government's economic diversification strategy. Moving forward, the IFC is anticipated to contribute to revitalizing the private sector and improving the living standards of agricultural communities through investment, financing, technical assistance, and policy recommendations for Cambodian agricultural enterprises. This initiative is poised to play a vital role in contributing to Cambodia's economic growth and the stability of its citizens' lives.
Original source
CPP Cambodia