Aid and development
Development policy and administration
Technical team to study land use in planned Sihanoukville economic zone
The government has set up a working group to develop land management and policy in Sihanoukville as part of a plan to turn the province into a multi-purpose special economic zone (SEZ). ...
Domestic revenue a vital source of development financing: UN report
Domestic revenue is an increasingly vital source of financing for development in the Kingdom, amounting to 19 per cent of gross domestic product (GDP) last year and expected to reach 22.5 per cent by end-2025, the UN said on July 16. ...
Kingdom to spend nearly $60 billion on development until 2023
Cambodia will spend nearly $60 billion under the National Strategic Development Plan 2019-2023 and 75 percent of the funding will come from development partners. ...
China deals swiftly signed
Cambodian and Chinese officials and business leaders yesterday signed 19 agreements during a visit to Phnom Penh by Chinese Premier Li Keqiang, boosting Chinese investment at a time when the regional power has upped its economic and political support for Hun Sen’s government. ...
Hor Kimsay and Cheng Sokhorng
World Bank to re-engage after five-year absence
The World Bank has approved $130 million in developmental aid aimed at reducing poverty in Cambodia, signalling its first direct re-engagement with the Kingdom since it left in protest in 2011 after one of the largest forceful evictions led by the government displaced more than ...
With AIIB, nation diversifies funding options
Though it’s extremely early days, experts this week welcomed Cambodia’s membership to the nascent China-led Asian Infrastructure Investment Bank (AIIB), saying it would provide much-needed diversity of funding for the nation’s infrastructure and connectivity needs. ...
Index shows Cambodia still weak on human development
Cambodia ranked 143rd out of 188 countries in the U.N.’s latest Human Development Index (HDI), a composite measure of development incorporating health, education and living standards, according to new figures released on Monday. ...
Give farmers a break: PM
Prime Minister Hun Sen yesterday called on banks and microfinance institutions (MFIs) to suspend loan repayments by borrowers affected by this year’s drought, or either make the loans interest free or cut the rates. ...
World Bank readies another project
The World Bank is considering yet another internally funded project in Cambodia that, if approved, would lift the organization’s four-year-old freeze on new lending to the country. ...
World Bank looks to end funding freeze
The World Bank could approve its first internally funded project in Cambodia in March, according to recently released reports, a move that would effectively end the freeze on new lending the Bank imposed on Cambodia over four years ago. ...
Cambodia faces turning point on foreign aid
Despite failing to meet many of the expectations of its foreign donors over the past two decades, Cambodia’s government has never struggled to secure aid from abroad. ...
Experts call for more sustainable development
As Cambodia has the highest rate of deforestation among developing countries. Experts say that the country needs a more sustainable development plan to protect its ecosystem. ...
PM urges greater economic integration with China
Prime Minister Hun Sen yesterday called for more collaboration and integration of financial markets at the regional level, especially with China – the world’s second-largest economy – to offset the effects of a slowing global economy. ...
Time’s up for MDG targets
As the United Nations meets this week to draw up a new set of sustainable development benchmarks, the era of the body’s landmark Millennium Development Goals (MDGs) is coming to a close, with some wondering – in spite of gains – what efficacy such targets ...
PM to talk on mines at UN
Prime Minister Hun Sen flew to New York yesterday for talks where he will raise the scourge of landmines which still affect Cambodia. ...
Another UN rights envoy arrives
The new Special Rapporteur on Human Rights for the United Nations in Cambodia, Rhona Smith, will touch down in Cambodia for the first time today and will stay until the 24th. Ms. Smith will examine the human rights situation in here and report her findings ...
Railway families file separate complaint against ADB bank
Another group of families living along Cambodia’s dilapidated railway tracks is filing a complaint with the compliance review panel of the Asian Development Bank (ADB), accusing the lender of failing to abide by its own resettlement policies. ...
Experts at odds over effects of Yuan devaluation
Economists and industry experts disagreed Tuesday on the effects that recent currency devaluations in China and Vietnam would have on the Cambodian economy. ...
Kang Sothear and Anthony Jensen
UN agency cuts school meal program
A school meal program run by the World Food Program (WFP) has run out of funds, forcing it to transfer about half of its schools to government care. ...
ILO hopes to inform wage talks with new quarterly bulletin
In the inaugural issue of its bulletin on Cambodia’s $5.8-billion garment industry, the International Labor Organization said Thursday that business remained strong on the back of rising exports despite a 28-percent hike to the sector’s minimum wage in January. ...