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Partnering with the Private Sector to Strengthen the Cambodian Agriculture Sector


Highlights

  • Harvest III partners with the private sector through grants.
  • Grants address challenges in the traditional, modern, and export markets.
  • Together, Harvest III and its partners are co-investing in a stronger ag sector.
The Challenge

To support Cambodia’s economic growth and the many Cambodians depending on agriculture as their main source of income, the agriculture sector must become more competitive, resilient, and inclusive.  

This means improving access to finance, increasing value addition, mitigating and adapting to climatic risks, improving quality and adherence to safety standards, and increasing access to agricultural services. It also means expanding opportunities for women, youth, and other marginalized groups, improving the efficiency of the supply chain, and increasing the use of formal agreements among market actors.

The Approach

Harvest III partners with a wide array of capable and results-oriented local market actors: producer associations, agribusinesses, service and technology providers, financial institutions, and investors. Most of Harvest III’s partnerships with the private sector involve milestone-based grants under its large grants program. The project and its partners co-invest in activities that will bring returns for both the grantee and the agriculture sector.

Harvest III designs grants to build capacity, increase investment, strengthen supply chain management, increase market linkages, create better jobs, and address climate challenges. The grants aim to include women, youth, and marginalized populations. They also strive to create broad-based benefits, including improved food safety and sustainable economic opportunity in domestic, regional, and international markets.

The Results

Over the five-year period, Harvest III will work in partnership with over 100 private sector companies to mobilize $38 million in private sector investment and $15 million in agriculture-related financing. We also expect our partners to generate $100 million in sales and 3,200 jobs.