Aid and development

Japanese grant $32 million for Takhmao water supply system

The Japan International Cooperation Agency (JICA) in Cambodia signed a $32 million grant agreement with the government on Monday to expand Takhmao town’s water supply system. ...

Soth Koemsoeun
https://www.phnompenhpost.com/national/japanese-grant-32-million-takhmao-water-supply-system

EU to assist tourism sector post COVID-19

Cambodia has requested the European Union assist the Kingdom’s hard-hit tourism sector once the COVID-19 pandemic has been resolved and international travel begins again. ...

Chhut Bunthoeun
https://www.khmertimeskh.com/50728834/eu-to-assist-tourism-sector-post-covid-19/

Japanese to donate medical equipment

The Japanese government will provide $18 million worth of medical equipment and supplies to the Ministry of Health to help the Kingdom fight Covid-19. It will also offer nearly $23 million in financial grants to support education and health in Cambodia, according to an announcement from ...

Khouth Sophak Chakrya
https://www.phnompenhpost.com/national/japanese-donate-medical-equipment

EU to contribute to nation’s new water treatment plant

The European Investment Bank (EIB) has said it secured a 12.7 million euro (nearly $14 million) grant from the European Union for the construction of the Bakheng Water Treatment Plant and its 500 kilometres of distribution network in Phnom Penh.​ ...

Sok Chan
https://www.khmertimeskh.com/50724747/teu-to-contribute-to-nations-new-water-treatment-plant/

Australia comes to Cambodia’s help

Australian government is studying the new project to help Cambodia’s economy development, trade facilitate and diversification, according to Australian Ambassador to Cambodia. ...

Sorn Sarath
https://www.khmertimeskh.com/50722365/australia-comes-to-cambodias-help/

IMF: Gov’t needs to address long-lasting employment

Economic data released this week by the International Monetary Foundation (IMF) shows that the long-lasting effects of five previous pandemics and their economic shocks have much worse effects on the employment prospects for workers with low levels of educational attainment.​​ ...

Harrison White
https://www.khmertimeskh.com/50722552/imf-govt-needs-to-address-long-lasting-employment/

Korean agencies donate protective kits to public hospitals

Two public hospitals in Phnom Penh have received donations from the Korea International Cooperation Agency (KOICA) and Cambodia-Korea Alumni Association to use for combating the spread of Covid-19 pandemic. ...

Va Sonyka
https://www.khmertimeskh.com/50721412/korean-agencies-donate-protective-kits-to-public-hospitals/

French agency donates €2 million towards virus laboratories in Cambodia and the region

The French Development Agency (AFD) has provided an additional €2 million ($2.19 million) to the ECOMORE II project, to assist Cambodia and the regions direct response to the COVID-19 epidemic. ...

Harrison White
https://www.khmertimeskh.com/50719351/french-agency-donates-e2-million-towards-virus-laboratories-in-cambodia-and-the-region/

US, Australia funding flows for Cambodia’s COVID-19 response

The United States, through the US Agency for International Development, yesterday committed a $1.5 million aid to the Ministry of Health to help in the Kingdom’s efforts to mitigate the spread of coronavirus. The donation is the latest COVID-19 assistance from the US, with its ...

Som Kanika
https://www.khmertimeskh.com/50718117/us-australia-funding-flows-for-cambodias-covid-19-response/

Sharp drop in wages sent back to Kingdom

Cambodia is to join the ranks of declining overseas worker remittances this year after the World Bank projected global remittances will decline sharply by about 20 percent in 2020 because of the economic crisis induced by the COVID-19 pandemic and consequent business shutdowns ...

Sorn Sarath
https://www.khmertimeskh.com/50717705/sharp-drop-in-wages-sent-back-to-kingdom/

Australia and Cambodia work together to boost agriculture sector

Australian Ambassador Pablo Kang has met Cambodian Minister of Agriculture, Forestry and Fisheries HE Veng Sakhon to discuss strengthening agricultural exports and how Australia can assist boosting local food security and rural incomes. ...

Chea Vannak
https://www.khmertimeskh.com/50716472/australia-and-cambodia-work-together-to-boost-agriculture-sector/

Japan and Cambodia vow to improve judicial system

At a meeting at the Ministry of Justice on Tuesday, Minister Koeut Rith and Japanese Ambassador to Cambodia Masahiro Mikami agreed to work together to develop human resources in Cambodia and strengthen the country’s judicial system, said the ministry. ...

Ry Sochan
https://www.phnompenhpost.com/national/japan-and-cambodia-vow-improve-judicial-system

EU offers grant for Kingdom’s Covid-19 fight

EU Ambassador to Cambodia Carmen Moreno applauded the country’s efforts to control the Covid-19 crisis and said the EU is transferring a €56 million ($66.7 million) grant to help restore the economy, said a Ministry of Economy and Finance press release. ...

Niem Chheng
https://www.phnompenhpost.com/national/eu-offers-grant-kingdoms-covid-19-fight

China donates anti-epidemic supplies to Kingdom

The city hall yesterday received anti-epidemic medical supplies from China to assist the Kingdom in its fight against the coronavirus. ...

Srey Kumneth
https://www.khmertimeskh.com/50715584/china-donates-anti-epidemic-supplies-to-kingdom/

UN agency springs into action to aid agriculture sector

The International Fund for Agricultural Development (IFAD), a global finance organisation and a specialised United Nations (UN) agency, has announced plans to work with the Cambodian government to leverage “a programmatic approach” to ease the economic distress and prevent food securit y stresses caused by ...

Khmer Times Staff
https://www.khmertimeskh.com/50715086/un-agency-springs-into-action-to-aid-agriculture-sector/

IMF sees Cambodia registering a combined GDP growth of one percent this year and to expand to 8.5 percent in 2021

The International  Monetary Fund (IMF)said that the outlook for some Asia Pacific countries were much brighter, including Cambodia which is forecasted to have a nominal combined GDP projected growth of  1.0 percent this year before surging 8.5 percent next year. ...

Khmer Times Staff
https://www.khmertimeskh.com/50714379/imf-sees-cambodia-registering-a-combined-gdp-growth-of-one-percent-this-year-and-to-expand-to-8-5-percent-in-2021/

ADB-supported solar project on the horizon

A 60-megawatt solar station, supported by a $7.64 million loan from Asia Development Bank (ADB) is scheduled to be built later this year in Kampong Chhnang province, north of Phnom Penh. ...

Chea Vannak
https://www.khmertimeskh.com/50714008/adb-supported-solar-project-on-the-horizon/

World Bank: Real-estate boom could backfire on economy

The World Bank has warned that the significant growth recorded in the construction and real-estate sector, considered one of the country’s economic pillars, could ultimately affect overall growth due to a trinity of unanticipated and now negative factors. ...

Chhut Bunthoeun
https://www.khmertimeskh.com/50712701/world-bank-real-estate-boom-could-backfire-on-economy/

Cambodia receives seven tons of medical supplies from China

Cambodia received seven tons of medical and preventive supplies from China in a bid for the fight of coronavirus disease in the Kingdom. ...

Khmer Times Staff
https://www.khmertimeskh.com/711827/cambodia-receives-seven-tons-of-medical-supplies-from-china/

New GDP prediction is not optimistic

The Asian Development Bank (ADB) has predicted that the real economic growth of Cambodia will reach 2.3 percent this year and will be around 5.7 percent in 2021, according to the newly released report on ADB’s flagship annual economic publication titled, Asian Development Outlook 2020. ...

Sok Chan
https://www.khmertimeskh.com/50709859/new-gdp-prediction-is-not-optimistic/

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