PNOM PENH: The Asian Development Bank (ADB) officially opened its new resident mission in Cambodia on June 12th. This follows the recent launch of ADB's country partnership strategy for Cambodia, outlining a plan for collaboration from 2024 to 2028.

Cambodian Deputy Prime Minister and Minister of Economy and Finance H.E. Dr. Aun Pornmoniroth and ADB President Mr. Masatsugu Asakawa co-presided over the inauguration ceremony.

Mr. Asakawa emphasized the significance of the new office, symbolizing the strong partnership and shared development goals between ADB and Cambodia. The new strategy prioritizes economic diversification, investment in people (human capital development), and building resilience to climate change.

The new office is designed with sustainability in mind, featuring eco-friendly materials and energy-saving systems. It also incorporates Cambodian cultural motifs, reflecting the country's rich heritage. This highlights ADB's commitment to both environmental responsibility and creating a positive work environment for its staff.

H.E. Dr. Aun Pornmoniroth acknowledged ADB's long-standing role as a trusted development partner for Cambodia. The inauguration coincides with a new $1.26 billion commitment by ADB to support the Cambodian government's development goals. This reaffirms their dedication to achieving sustainable development and economic growth in Cambodia.

ADB has a long history with Cambodia, joining as a founding member in 1966 and supporting its first project in 1970. With a broader mission of creating a prosperous, inclusive, and sustainable Asia-Pacific region, ADB remains committed to fighting extreme poverty.