Aid and development

Multilateral development assistance

ADB’s strategies for developing Cambodia

The Asian Development Bank (ADB) in Cambodia affirmed that its development strategy is in line with that of the Cambodian government. ...

Tin Sokhavuth
https://www.khmertimeskh.com/50904511/adbs-strategies-for-developing-cambodia/

Kingdom reaffirms neutrality

Minister of Foreign Affairs and International Cooperation Prak Sokhonn made statements regarding responses to global challenges and Cambodia’s stance on multilateralism at the mid-term Ministerial Conference of the Non-Aligned Movement (NAM) held virtually on July 13-14 under the sponsorship of the Republic of Azerbaijan’s Baku ...

Voun Dara
https://phnompenhpost.com/national/kingdom-reaffirms-neutrality

PM: Join hands to lift post-Covid economy

Leaders in the region and beyond must advance various forms of bilateral and multilateral cooperative relations, and join hands to create meaningful traction in economic recoveries for when the spread of the novel coronavirus eases to a significant enough degree, according to Prime Minister Hun ...

May Kunmakara
https://www.phnompenhpost.com/business/pm-join-hands-lift-post-covid-economy

Cambodian economy can grow by four percent this year

The Asian Development Bank (ADB) has projected that the Cambodian economy will grow by 4 percent this year and 5.5 percent next year, led by a robust recovery of its major trade partners. ...

Khmer Times Staff
https://www.khmertimeskh.com/50864730/cambodian-economy-can-grow-by-four-percent-this-year/

KE, UNDP to provide SMEs a digital boost

Khmer Enterprise (KE) and the UN Development Programme (UNDP) have formed a strategic partnership to give a boost to the operational development of the Kingdom’s e-commerce sector and small and medium-sized enterprises (SME), according to a May 11 joint press release. ...

Thou Vireak
https://www.phnompenhpost.com/business/ke-undp-provide-smes-digital-boost

ADB forecast: 4% economic growth in 2021

Cambodia’s economy is forecast to grow 4.0 per cent this year and 5.5 per cent in 2022, as economic recoveries in major trading partners boosts demand for the Kingdom’s exports, according to an Asian Development Bank (ADB) report released on April 28. ...

Thou Vireak
https://www.phnompenhpost.com/business/adb-forecast-4-economic-growth-2021

IMF highlights divergent global recovery levels

THE International Monetary Fund’s (IMF) World Economic Outlook prediction that the globe will recover at vastly uneven levels has been brought into sharp focus in light of recent lockdowns in Cambodia. ...

Brian Badzmierowski
https://www.khmertimeskh.com/50842469/imf-highlights-divergent-global-recovery-levels/

IMF’s Georgieva: Cambodian economy to grow 4.2% in 2021

International Monetary Fund (IMF) managing director Kristalina Georgieva on April 7 said the Cambodian economy is expected to grow 4.2 percent this year, following a 3.5 percent contraction in 2020, but cautioned that local governments around the world should proceed with prudential policies and proactive ...

May Kunmakara
https://www.phnompenhpost.com/business/imfs-georgieva-cambodian-economy-grow-42-2021

IFC may provide ACLEDA $200 mn to help female entrepreneurs and SMEs

ACLEDA Bank Plc has proposed a five-year, $200 million blended finance investment from the World Bank Group’s International Finance Corporation (IFC), disclosure documents reveal. ...

Husain Haider
https://www.khmertimeskh.com/50825874/ifc-may-provide-acleda-200-mn-to-help-female-entrepreneurs-and-smes/

Leveraging digital technologies key to Asia’s COVID-19 recovery – ADB

Digital platforms and other technology-based tools are providing new growth opportunities for businesses of all sizes and across all industries in Asia and the Pacific (including Cambodia). ...

Khmer Times Staff
https://www.khmertimeskh.com/50812909/leveraging-digital-technologies-key-to-asias-covid-19-recovery-adb/

An outlook into 2021 economy

Cambodia’s economy will contract two per cent in 2020 before swiftly recovering to four per cent growth this year, the World Bank projects, citing effective government measures that respond to the specific needs of the most affected sectors – including tourism, garments and textiles, and ...

May Kunmakara
https://www.phnompenhpost.com/business/outlook-2021-economy

ADB: Investment in human resources critical

The Asian Development Bank (ADB) has outlined that the government needs to continue investing in its people through the widening of parameters for programmes such as ID Poor and upskilling workers transitioning into new sectors to achieve a post-pandemic economic recovery. ...

Harrison White
https://www.khmertimeskh.com/50798179/adb-investment-in-human-resources-critical/

Kingdom, development partners talk vaccination

On December 17, several government ministries called an emergency meeting with major aid organisations and partner nations about a procurement plan for Covid-19 vaccines and plans for implementing a vaccination programme. ...

Mom Kunthear
https://www.phnompenhpost.com/national/kingdom-development-partners-talk-vaccination

ADB approves loans worth $70 million for Cambodia’s agriculture

The Asian Development Bank (ADB) has approved a $70 million in loan to improve the capacity of agribusinesses in six provinces across Cambodia to process key agricultural products. ...

Khmer Times Staff
https://www.khmertimeskh.com/50789891/adb-approves-loans-worth-70-million-for-cambodias-agricultur/

ADB projects a rebound in growth for 2021

Asian Development Bank (ADB) has adjusted its medium-term outlook for Cambodia’s economy, projecting that it will contract by 4 percent by the end of the year.  ADB’s previous outlook had projected that the national economy would decline by 5.4 percent compared with last year, as ...

Sok Chan
https://www.khmertimeskh.com/50788737/adb-projects-a-rebound-in-growth-for-2021/

ADB approves $70 million loan to strengthen agricultural value chain and food safety in Cambodia

The Asian Development Bank (ADB) has approved a $70 million loan to improve the capacity of agribusinesses in six provinces across Cambodia to process key agricultural products such as cassava, cashews, mangoes, vegetables, and poultry. ...

Sok Chan
https://www.khmertimeskh.com/50787037/adb-approves-70-million-loan-to-strengthen-agricultural-value-chain-and-food-safety-in-cambodia/

IMF urges closer cooperation between statistics agencies in Cambodia

The International Monetary Fund (IMF) says closer cooperation between statistics-producing agencies in Cambodia is “essential” to improve the quality of macroeconomic statistics. ...

Sao Da/AKP
https://www.khmertimeskh.com/50778524/imf-urges-closer-cooperation-between-statistics-agencies-in-cambodia/

Micro, small, medium firms vital but need support: Report

Strengthening the dynamics of micro, small, and medium enterprises (MSMEs) with innovation and internationalisation will be key to revitalising Southeast Asian economies devastated by Coronavirus, according to a new report from the Asian Development Bank (ADB). ...

Sok Chan
https://www.khmertimeskh.com/50777691/micro-small-medium-firms-vital-but-need-support-report/

UN says Cambodian rice farming faces challenges

The UN’s Global Reporting Initiative shows the Cambodia rice sector has faced significant sustainability challenges of decreasing returns for small-scale producers, inadequate uptake of responsible farming practices and smallholder engagement models amid calls for increasing organic production. ...

Sorn Sarath
https://www.khmertimeskh.com/50777272/un-says-cambodian-rice-farming-faces-challenges/

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