Aid and development
Bilateral development assistance
China gives $240m in aid
China has granted $240 million aid to Cambodia under agreements signed by Prime Minister Hun Sen on a state visit to Beijing. ...
Ven Rathavong
http://www.khmertimeskh.com/news/38482/china-gives--240m-in-aid/
Water plant gets efficiency boost
Japan-based company Metawater will provide its power-saving inverter technology to a water treatment plant in Cambodia’s capital through an arrangement that will help the Japanese government earn carbon reduction credits, according to a Nikkei Asian Review report. ...
Sum Manet
http://www.khmertimeskh.com/news/38104/water-plant-gets-efficiency-boost/
Document suggests US aid cuts
A document purported to have come from the US State Department appears to show plans to slash US development assistance to the Kingdom down to zero, a move observers said yesterday would further weaken the US’s standing in the country, allowing for China to cement its ...
Ananth Baliga
http://www.phnompenhpost.com/national/document-suggests-us-aid-cuts
Japanese aid scheme stalls at the lights
Japan inked the $16 million deal through the Japanese International Cooperation Agency (JICA) in February 2016. However Chou Kimtry, deputy director of the municipal department of transport, said yesterday the traffic lights will not be operational until February 2018. ...
Pav Suy
http://www.khmertimeskh.com/news/37732/japanese-aid-scheme-stalls-at-the-lights/
Cambodia’s debt at $5.8 bil
The government signed concessional loan agreements with development partners – both bilateral and multilateral – amounting to about $8.3 billion from 1993 to the end of 2016, official figures show. ...
Sok Chan
http://www.khmertimeskh.com/news/37591/cambodia---s-debt-at--5-8-bil/
Kingdom’s debt grows to nearly $6 billion
Cambodia’s national debt stood at $5.8 billion at the end of 2016, totalling nearly a third of GDP, according to the latest debt bulletin released by the Ministry and Economy and Finance earlier this month. ...
Kali Kotoski
http://www.phnompenhpost.com/business/kingdoms-debt-grows-nearly-6-billion
US gives $1.8m funding for electoral group
The US government has agreed to provide global electoral NGO International Foundation for Electoral Systems a $1.8 million grant to ensure the National Election Committee conducts free and fair elections. ...
Ros Chanveasna
http://www.khmertimeskh.com/news/37337/us-gives--1-8m-funding-for-electoral-group/
China, Cambodia promise to deepen friendly ties
Vice Chairman Chen Changzhi pledged that China would continue to extend loans to Prime Minister Hun Sen’s government, provide development aid, and encourage investment. ...
Ith Sothoeuth
http://www.voacambodia.com/a/china-cambodia-promise-to-deepen-friendly-ties/3794351.html
U.S. To give $6 million to genocide research group
In a statement on Sunday, the Documentation Center of Cambodia (DC-Cam) said the $6 million in additional funding from the U.S. Agency for International Development (USAID) would be paid into an endowment fund that would accrue interest over the next 20 years, eventually bringing in ...
Sun Narin
http://www.voacambodia.com/a/us-to-give-6-million-to-genocide-research-group/3794401.html
US gives $5.8m to preserve Khmer Rouge records
The United States has agreed to provide an additional $5.8 million to the Documentation Center for Cambodia to preserve Khmer Rouge-era historical records over the next 20 years. ...
Ros Chanveasna
http://www.khmertimeskh.com/news/37192/us-gives--5-8m-to-preserve-khmer-rouge-records/
Japan signs deal to fund aid projects
The Japanese ambassador is set to sign a new aid package today pledging about $140 million worth of support for various projects, according to the Ministry of Foreign Affairs. ...
Andrew Nachemson
http://www.phnompenhpost.com/national/japan-signs-deal-fund-aid-projects
Higher skills for a busy aviation sector
In its first two months of regular operation Cambodia’s first civil aviation training centre has provided certificates to dozens of aviation officials and airport staff, helping to raise the skill level of personnel in the Kingdom’s fast-expanding aviation sector. ...
Cheng Sokhorng
http://www.phnompenhpost.com/business/higher-skills-busy-aviation-sector
Swedish aid agency offers funds for SMEs
Sweden’s development agency will provide $7 million to foster the development of small- and medium-size enterprises (SMEs) in Cambodia, according to state-run news agency AKP. ...
The Phnom Penh Post Staff
http://www.phnompenhpost.com/business/swedish-aid-agency-offers-funds-smes
Cambodia, Sri Lanka and the China debt trap
The influx of Chinese economic assistance into Sri Lanka and Cambodia has raised questions regarding the intentions behind these massive loans. A 2016 International Monetary Fund report showed that Cambodia’s external multilateral public debt is now at US$1.6 billion, while its bilateral public debt with ...
Veasna Var and Sovinda Po
http://www.atimes.com/article/cambodia-sri-lanka-china-debt-trap/
Korea donates military vehicles
South Korea has given more than 200 military vehicles to Cambodia and nearly 200 more will arrive in July. The first batch were handed over yesterday at a ceremony at the Techo Hun Sen Military Technical Institute in Kampong Speu province. ...
Ven Rathavong
http://www.khmertimeskh.com/news/36849/korea-donates-military-vehicles/
China asked to fund bridges
Cambodia yesterday asked China to help fund the construction of two bridges across the Mekong River, which it said would cut traffic congestion in Phnom Penh and help create a ring road around the city. ...
Ros Chanveasna
http://www.khmertimeskh.com/news/36169/china-asked-to-fund-bridges/
Japan to help country go green
Japan has signed a three-year deal to help train government officials on attracting environmentally friendly investment. The Environment Ministry and Japan International Cooperation Agency (JICA) yesterday signed the agreement to educate officials about how to use environmental impact assessments and enforce pollution controls. ...
Pech Sotheary
http://www.khmertimeskh.com/news/36164/japan-to-help-country-go-green/
PM again asks Trump for ’70s-era debt relief
Prime Minister Hun Sen has once again called for the United States to drop the debt Cambodia incurred during the 1970s Lon Nol regime, just days after US Ambassador William Heidt said in no uncertain terms that the US had no such plans. ...
Touch Sokha
http://www.phnompenhpost.com/national/pm-again-asks-trump-70s-era-debt-relief
RCAF gets Korean gear
Cambodia is expecting a shipment of military vehicles donated by South Korea, according to a sub-decree. The Ministry of Finance in December released about $1 million to the Defence Ministry to cover the equipment’s transportation, it says. ...
Mech Dara
http://www.phnompenhpost.com/national/rcaf-gets-korean-gear
JICA support for logistics
The Japan International Cooperation Agency (JICA) will continue to support the development of Cambodia’s logistics sector in its partnership with the government to reduce transport costs and strengthen the country’s logistics infrastructure. ...
Sum Manet
http://www.khmertimeskh.com/news/35010/jica-support-for-logistics/
South Korea pledges $417 million in development loans to Cambodia
South Korea will hand out nearly $420 million in development loans to Cambodia this week, much of it for roads and other infrastructure, bringing its total assistance to more than $880 million since 2001. ...
Hannah Hawkins
https://www.cambodiadaily.com/business/south-korea-pledges-417m-in-development-loans-to-cambodia-124306/
Sihanoukville multipurpose port planned
The government plans to spend about $300 million to build a new multipurpose seaport in Preah Sihanouk province, which promises to receive larger cargo ships and reduce logistics costs.The new port will increase the capacity of the Sihanoukville Autonomous Port (PAS) to handle cargo shipments, ...
Chea Vannak
http://www.khmertimeskh.com/news/33740/sihanoukville-multipurpose-port-planned/
Japanese FDI flows in roads, bridges it built
Japanese investors have sunk over $800 million into the Cambodian economy over the past two decades, with much of this investment coming on the back of concessional aid directed to develop and strengthen the country’s trade and industry capacities, according to data provided on Friday ...
Cheng Sokhorng
http://www.phnompenhpost.com/business/japanese-fdi-flows-roads-bridges-it-built
Japan donates $1.1 million to tribunal
Japan, the Khmer Rouge tribunal’s largest donor to date, has contributed a further $1.12 million to its international component, the tribunal said on Tuesday in a statement. ...
Mayuri Mei Lin
http://www.khmertimeskh.com/news/32642/japan-donates--1-1-million-to-tribunal/