In 2020, COVID-19 severely impacted both the global and Cambodia economies. The banking system in Cambodia is also affected but at a moderate and manageable level.1 The National bank of Cambodia (NBC), Cambodia Microfinance Association, and other relevant institutions pointed out the rate of the ...

The Asian Development Bank (ADB) was established in 1966 which headquarter is in Manila and currently has 68 members under its institution. The ADB aims to assist members and partners by providing loans, technical assistance, grants, and investments to promote socio-economic development.23 The ADB has ...

The National Bank of Cambodia (NBC) was established through the Law on the organization and conduct of the National Bank of Cambodia in 1996.71 NBC is the nation’s central Bank, whose mission is to determine and direct the monetary policy in order to maintain price ...

According to the Annual supervision report 2020 by the National Bank of Cambodia (NBC), the key bodies in the Banking system consists of:51 commercial Banks12 specialized Banks75 microfinance non-deposit taking institutions6 microfinance deposit-taking institutions245 rural credit institutionsIn addition, there are financial leasing companies, third-party processors, ...

Political stability and economic growth of all sectors have played vital role in building the public and foreign investors’ confidence and maintaining the safety and soundness of banking system in Cambodia. The banking sector continues to have substantial growth as it shares 82.2% in the ...

Counting money. Photo by Aaron Gilson, taken on 5 April 2013. Licensed under CC BY-NC-ND 2.0.Cambodia re-opened for international trade in the 1980s, opened up to foreign investment in 1994, joined ASEAN in 1999, and became a member of the WTO in 2004. Its bilateral ...

Students gathering around 3D printed models at a construction expo in Phnom Penh. Photo by ARC Hub PNH, taken in December 2014. Used with permission from ARC Hub PNH.Cambodia has achieved considerable economic and social progress in the last few decades, but the country does ...

World Bank Headquarters, 2013: World Bank/IMF Spring Meetings. Photo by Simone D. McCourte, World Bank, taken on 16 April 2013. Licensed under CC BY-NC-ND 2.0.Funding data on development and assistance to land tenure and titling issues presents an incomplete and conflicting picture. Though various sources exist ...

SDG 17 – “Strengthen the means of implementation and revitalize the global partnership for sustainable development” – is about bringing governments, civil society, the private sector and other actors together to help achieve the 2030 Agenda. There are 19 global targets and 25 indicators. The targets ...

Mr Il Oeur, director of Analysing Development Issues Centre (ADIC), a domestic NGO and WorldFish partner in Cambodia, leads a local dialogue session. Photo by WorldFish, taken on 27 June 2013. Licensed under CC BY-NC-ND 2.0Multilateral aid is funding that is funneled between more than ...

National Bank of Cambodia, Cambodia. Photo by Stephen McGrath, taken on 21 June 2010. Licensed under CC BY-NC-ND 2.0  In 1996, the Ministry of Economy and Finance (MEF) was established by law.383 Its organization and functioning is defined by a sub-decree of the Royal Government ...

By definition, Vocational education refers to the program that enables people to acquire highly transferable and development skills. It also grants people the necessary technical skill for their desired career.393 Cambodia’s vocational education plays an important role during the country’s economic structural transition and the ...

The COVID-19 pandemic has hit global and Cambodia’s economies hard, having a spillover on the stability of the banking system. banks and financial institutions have continued to provide services to customers, which can be seen through the rise in the number of depositors’ accounts to ...

Sustainable Development Goal 6 has 8 targets and 11 indicators, which will be used to drive action towards achieving universal access to safely managed water and sanitation and appropriate management of water resources.485 SDG 6 recognizes that sustainably managing water goes beyond providing a safe water ...

Industries in Cambodia (excluding extractive industries and mining) are mostly within the garment, light manufacturing, agricultural, construction and tourism sectors. The Royal Government of Cambodia has set directions to transform Cambodia into a middle-income economy by 2030 and high-income country by 2050, as mandated in ...

Following the Paris Peace Accords signed in October 1991, Cambodia has received a significant amount of global support for its development and post-conflict work. In 2014, 30 – 40 percent of the country’s national budget is funded through development assistance, placing Cambodia among the most ...

Higher education, in general, refers to education beyond the secondary level. Higher education institutions (HEIs) in Cambodia can be classified into three categories: The Royal Academy, university, and college. Cambodia’s higher education consists of an associate degree, four years of undergraduate education, two years of ...

Farmers harvest corn from their farms, Cambodia. Photo by World Bank/Chhor Sokunthea, taken on 17 July 2013. Licensed under CC BY-NC-ND 2.0Key agricultural commodities and products include rice, rubber, corn (maize), vegetables and fruit, and cassava (tapioca). More than 90 percent of Cambodia’s agricultural exports ...

Dr. Tan Reasmey, researcher and lecturer in the Department of Chemical Engineering and Food Technology at the Institute of Technology of Cambodia. Photo taken from the​ USAID​ Asia​ on August 18, 2016. Licensed under CC BY-NC-SA 2.0.Relevant national policy frameworksFrom the perspective of the government as ...

Firewood and charcoal are the main sources of energy for households and many small and medium enterprises, such as brick and tile industries. The cooking fuels used in Cambodia have changed greatly in the last decade. The National Census 2008 showed that 91 percent of ...