Recently, the Asian Development Bank held its firstAt the 56th Annual Conference, senior government officials representing Cambodia made a statement requesting grant financing and technical assistance for the Asia Pacific Climate Change Project. He stated that Cambodia is the country most susceptible to disasters such as floods, droughts, cyclones, and heatwaves, and the construction of green infrastructure will bring financial pressure to Cambodia.

In response, the Asian Development Bank stated that as a multilateral development bank, it has established rules for providing financing to regional and non regional member states. In situations of extreme climate change, some countries are eligible for loans, while others are eligible for grants. This depends on what Cambodia invests in. If it is renewable energy, the assistance they provide is closer to commercial loans. If it involves climate risk, it may receive grants and technical assistance.

Established by the Asian Development BankNovember 24, 1966, headquartered inthe PhilippinescapitalManilaThe Asian Development Bank, also known as the Asian Development Bank, is committed to promotingAsia and the Pacific regionDeveloping member economies andsocial developmentRegional intergovernmental financial development institutions. sinceSince 1999, the Asian Development Bank has placed special emphasis on poverty alleviation as its top prioritystrategic target. It's notthe United NationsSubordinate organization, but it isUnited Nations Economic and Social Commission for Asia and the PacificThe institution established through sponsorship has close ties with the United Nations and its regional and specialized agencies.

The purpose of the establishment of the Asian Development Bank is through developmentassistancehelpAsia Pacific regionDeveloping membersPoverty eradicationPromote the economy and development of the Asia Pacific regionsocial development. The ADB's assistance to developing members mainly takes four forms: loansequityInvestmenttechnical assistance、Joint financingGuarantee to achieveThe ultimate goal of 'Asia Pacific region without poverty'. And mainly through conducting policy dialogue, providing loans, guarantees, technical assistance, andgrantSupport the development of its members in areas such as infrastructure, energy, environmental protection, education, and health through various means. 

Cambodia, located at the southern end of the Mainland Southeast Asia, has a long history of founding and is one of the oldest countries in Southeast Asia. With weak industrial foundation, Cambodia is a traditional agricultural country, mainly relying on foreign aid and foreign capital.In 2022, Cambodia's per capita GDP was approximately 1600 US dollars, ranking second to last among the ten ASEAN countries, only higher than Myanmar, which is unstable and frequently at war.

Cambodia has always been a key aid target of the Asian Development Bank.In October 2018, Cambodia obtained a loan of 250 million US dollars from the Asian Development Bank, mainly used for the construction of high school education, urban environmental protection, tourism infrastructure, and other aspects; In December 2021, Cambodia obtained a preferential loan of $100 million from institutions such as the Asian Development Bank for the development of the aquaculture industry; In 2022, the Asian Development Bank provided $32.5 million in financial assistance to Cambodia to improve medical services and reached technical cooperation with the Cambodian Ministry of Mines and Energy to promote the development of various renewable energy sources in Cambodia.

At present, Cambodia has achieved preliminary results in the transformation of the green economy. As ofAt the end of 2022, 61% of Cambodia's electricity is provided by renewable energy sources, with hydropower being the largest source. However, due to the large fluctuations in water volume during the rainy and dry seasons of the Mekong River, there are also significant differences in hydropower generation in Cambodia during different seasons, which is also one of the main problems that urgently need to be solved in the current Cambodian power system.

In response to the grant financing and technical assistance needs raised by Cambodia this time, the ADB stated that this depends on the type of project invested by Cambodia, which involves infrastructure in the transformation of the green economy. They may provide assistance in the form of commercial loans for projects related to addressing climate risks, and they can provide technical assistance or grants.

Industry renowned experts say that receiving foreign aid is one of the important channels for Cambodia to obtain funding and develop its own economy, which greatly promotes Cambodia's development and progress. But Cambodia needs to achieve the transformation of a green economy and promoteThe rapid growth of GDP still relies on the power of industry and technology. Specific feasible measures include introducing preferential policies, strengthening investment attraction, and attracting foreign enterprises to settle in.