ASDF

Agriculture Support and Development Funds (ASDF)

According to the highest recommendation of Samdech Akeakmohasenapadey Dacho Hun Sen Prime Minister of the Kingdom of Cambodia and following the care from the Ministry of Economy and Finance and Supreme National Economic Council, RDB is responsible for implementation the special loan provided by the government included the counterpart fund of RDB as a working capital to the Rice Miller Associations and Rice Market in the purpose of purchasing paddy during the harvest season, preventing paddy outflow and enhancing domestic recycle, increasing value added, increasing the number of stock for national food security, and the rice market competition both price and quality, especially, transforming the paddy exporting to the rice exporting.

This financing has been started since 2005 in the amounts of USD 2 Million and increased to USD 4 Million in 2006, USD 6 Million in 2007, USD 16 Million in 2008,  USD 16 Million in 2009, and USD 18 Million in 2010. As the result, this project is taking part in pushing the rice price in Cambodia to the lower rate growth comparing to the neighboring countries and world market.

In 2011, RDB has strongly been continuing to play its vital role following to the Royal Government of Cambodia’s policy in promoting rice producing and exporting under the Agriculture Support and Development Funds (ASDF) financing in the amount of 18 million USD to Rice Miller Associations and Rice Processing Companies as short term working capital in purchasing paddy storing for rice processing for domestic demand and export and as long term investment capital in strengthening,  expanding and modernizing of drying and processing machines. With this financing, Cambodia was possible to prevent the huge increase of rice price from dealers in the previous years.

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