Aid and development

EU Ambassador sees NA and the EP forging stronger ties

Igor Driesmans, Ambassador of the European Union (EU) to Cambodia, in a meeting with National Assembly (NA) President Khuon Sudary, expressed his firm belief for enhanced cooperation between the NA and the European Parliament (EP). ...

Hang Punreay
https://www.khmertimeskh.com/501489189/eu-ambassador-sees-na-and-the-ep-forging-stronger-ties/

IMF says Cambodia’s inflation to be stable at 2.3 percent in 2024

Cambodia’s inflation will remain stable this year at 2.3 percent, marginally up from 2.1 percent for 2023, generally in line with other parts of Asia and the Pacific, said the IMF Regional Economic Outlook April 2024. ...

Manoj Mathew
https://www.khmertimeskh.com/501483848/imf-says-cambodias-inflation-to-be-stable-at-2-3-percent-in-2024/

$5 billion ADB replenishment agreed for most vulnerable countries

Donors and the Asian Development Bank (ADB) have agreed to replenish $5 billion for its Asian Development Fund (ADF) and its Technical Assistance Special Fund. ...

Khmer Times Staff
https://www.khmertimeskh.com/501483069/5-billion-adb-replenishment-agreed-for-most-vulnerable-countries/

IMF revises Cambodia’s GDP up 35% with 2014 base

The International Monetary Fund (IMF) in its World Economic Outlook for April 2024 revealed Cambodia’s new GDP figures by taking 2014 as the base year for the calculations instead of 2000, showing the economy 35 percent larger than previous GDP calculations indicated. ...

Manoj Mathew
https://www.khmertimeskh.com/501482271/imf-revises-cambodias-gdp-up-35-with-2014-base/

US offers 12 million more in aid for demining mission

The United States, as part of its ongoing commitment to help Cambodia achieve its objective of becoming a country free of landmines by 2025, has increased its financial assistance for the Kingdom’s mine clearance activities. ...

Som Sotheary
https://www.khmertimeskh.com/501469690/us-offers-12-million-more-in-aid-for-demining-mission/

38 Startups and SMEs receive Khmer Enterprise Assistance packages for business stabilization and expansion

Khmer Enterprise (KE) hosted an event on April 5,2024 to hand over grants for 38 startups and small and medium enterprises (SMEs) to support them to stabilize their business, strengthen operations and enhance their export potential. ...

Khmer Times Staff
https://www.khmertimeskh.com/501468912/38-startups-and-smes-receive-khmer-enterprise-assistance-packages-for-business-stabilization-and-expansion/

Kingdom hosts int’l forum on climate change

The Ministry of Economy and Finance (MEF) in collaboration with Climate Investment Funds (CIF) and the Asian Development Bank (ADB) is co-hosting a four-day international forum aimed at exchanging experiences to address climate change, sustainable forestry and nature-based solutions in the Asia-Pacific region. ...

Nhean Chamrong
https://www.khmertimeskh.com/501466112/kingdom-hosts-intl-forum-on-climate-change/

World Bank sees Cambodia and Philippines as fastest growing developing ASEAN economies this year

The World Bank forecast Monday that GDP in Cambodia and the Philippines would expand by 5.8 percent this year, making the two countries the fastest growing developing economies in Southeast Asia. ...

Khmer Times Staff
https://www.khmertimeskh.com/501466304/world-bank-sees-cambodia-and-philippines-as-fastest-growing-developing-asean-economies-this-year/

Minister, World Bank discuss active and new water projects

The Minister of Water Resources and Meteorology received a senior World Bank delegation to exchange lessons learned from on-going water and irrigation projects to improve the implementation of a new one. ...

Khmer Times Staff
https://www.khmertimeskh.com/501459832/minister-world-bank-discuss-active-and-new-water-projects/

PM announces 617 PIPs worth $11.7 billion

In a major push for socioeconomic development and generating more job opportunities, the Royal Government of Cambodia (RGC) earmarked a three-year rolling plan for the Public Investment Programme (PIP) to complete 617 projects at the cost of $11.69 billion. ...

Nhean Chamrong
https://www.khmertimeskh.com/501458798/pm-announces-617-pips-worth-11-7-billion/

$35M for rural road resilience work signed off by World Bank

The World Bank (WB) has approved an additional $35 million of financing projects which will improve the quality of rural roads in Kratie, Kampong Cham and Tbong Khmum provinces. It is expected that the work will improve the lives of more than two million people ...

Samban Chandara
https://www.phnompenhpost.com/national/-35m-for-rural-road-resilience-work-signed-off-by-world-bank

$35M rural road fund to boost health and education access

The World Bank has approved a $35 million credit to help rural roads in three Cambodian provinces become more climate resilient to ensure residents have access to critical services and markets amid shifting weather patterns. ...

Marissa Carruthers
https://kiripost.com/stories/35m-rural-road-fund-to-boost-health-and-education-access

Ministry seeks more US help to manage natural disasters

Thor Chetha, Minister of Water Resources and Meteorology, is seeking further assistance from the US Embassy in Cambodia to manage natural disasters, as well as greater technical assistance for ministry officials. ...

Nop Sreymao
https://www.khmertimeskh.com/501454169/ministry-seeks-more-us-help-to-manage-natural-disasters/

EU launches 4 new programs worth $85.6 mln in Cambodia

The European Union on Tuesday launched four new programs worth $85.6 million in total in Cambodia, with a focus on promoting sustainable value chains, energy efficiency and renewable energy, said a joint press release. ...

Khmer Times Staff
https://www.khmertimeskh.com/501455198/eu-launches-4-new-programs-worth-85-6-mln-in-cambodia/

Britain allots additional $3.8 million for mine clearance

The United Kingdom has pledged a further $3.8 million in funding to support mine clearance efforts in Cambodia, as part of a broader commitment to aid eight countries across Africa and Asia. ...

Taing Rinith
https://www.khmertimeskh.com/501443991/britain-allots-additional-3-8-million-for-mine-clearance/

Cambodia and South Korea sign 3-year plan for Angkor Wat restoration

The Apsara National Authority (ANA) of Cambodia and the Korean Cultural Heritage Administration signed a Memorandum of Understanding (MoU) titled “Cooperation for the Cultural Heritage Sector” on Monday in Seoul, South Korea. ...

Torn Vibol
https://www.khmertimeskh.com/501443157/cambodia-and-south-korea-sign-3-year-plan-for-angkor-wat-restoration/

Cambodia feted with IFAD Gender Award in Rome

Cambodia came under the spotlight in Europe recently as its project was bestowed with a prestigious honour in Rome. At the International Fund for Agricultural Development (IFAD) ’s annual Governing Council, the Tonle Sap Smallholder Development Project – Additional Financing (TSSD-AF) – co-financed by IFAD ...

Khmer Times Staff
https://www.khmertimeskh.com/501443188/cambodia-feted-with-ifad-gender-award-in-rome/

Gov’t peruses documents for receiving Japanese aid

The Ministry of Foreign Affairs and International Cooperation (MFAIC) held talks with a delegation from the Embassy of Japan (EoJ) aimed at exchanging views and methods to accelerate banking document procedures in receiving Japanese grant aid for development projects in the Kingdom. ...

Nhean Chamrong
https://www.khmertimeskh.com/501442506/govt-peruses-documents-for-receiving-japanese-aid/

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