Rural communities in the Greater Mekong Subregion are vulnerable to climate-related disasters, such as floods, droughts, and storms. Risk financing can help people protect their livelihood and productive assets better through a combination of risk retention, risk sharing, and risk transfer mechanisms. Photo: ADB.

How Risk Financing Can Help Mekong Farmers Cope with Disasters

Risk financing can help at-risk communities better cope with the economic costs of natural disasters and extreme weather.

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The project will help provide a more efficient, safe, and disaster resilient transport sector in Cambodia. Photo: ADB.

ADB to Help Enhance Transport Efficiency, Management in Cambodia

PHNOM PENH, CAMBODIA (29 September 2017) — The Asian Development Bank’s Board of Directors has approved a $70 million loan to help provide a more efficient, safe, and disaster resilient transport sector in Cambodia, particularly by improving national roads in the provinces of Prey Veng, Siem Reap, and Svay Rieng along the Greater Mekong Subregion Southern Economic Corridor.

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