EU invests €80 million to modernise Cambodia’s agricultural sector

The European Investment Bank (EIB) and Cambodia’s Ministry of Economy and Finance signed an agreement for €15 million in EU grants to support the Agriculture Services Programme for an Inclusive Rural Economy and Agricultural Trade (ASPIRE-AT). This complements an existing €60 million loan from EIB Global and €4.5 million in technical assistance from the EU, totaling nearly €80 million. The project aims to modernise Cambodia’s agricultural sector, enhance food security, and strengthen exports, benefiting 100,000 smallholder farmers and 25,000 land-poor households, with a focus on empowering women and engaging young people.