EIB Global – the European Investment Bank’s global arm – and the Ministry of Economy and Finance (MEF) of the Kingdom of Cambodia have signed an agreement today for a €15 million EU grant to support the Agriculture Services Programme for an Inclusive Rural Economy and Agricultural Trade (ASPIRE-AT). A key priority for the Cambodian government, ASPIRE-AT aims to modernise the agricultural sector, enhance food security and strengthen export potential. This grant supplements a €60 million loan from EIB Global and €4.5 million of support from the European Union for technical assistance, which will be implemented by the European Investment Bank (EIB). This brings the total of EU-backed investment in the programme to nearly €80 million. The International Fund for Agricultural Development (IFAD), the UN’s rural development agency, is co-financing the programme with $49 million.