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Aid and development

Multilateral development assistance

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/

73 Blue Helmets sent for UN mission in South Sudan

Seventy-three Cambodian Blue Helmets were dispatched to South Sudan on Sunday to join the UN peacekeeping mission in the east African country. ...

Sen David
https://www.khmertimeskh.com/50777089/73-blue-helmets-sent-for-un-mission-in-south-sudan/

Asean-UN join forces against COVID-19, landmines

Foreign Affairs Minister Prak Sokhonn has reiterated Cambodia’s support for the crucial roles the United Nations is playing in steering global efforts to combat COVID-19. ...

Ry Sochan
https://www.khmertimeskh.com/50776023/asean-un-join-forces-against-covid-19-landmines/

WFP director outlines continued transition into technical assistance

The World Food Programme’s (WFP) new Country Director, Claire Conan, has stated that the organisation is continuing with its transition into providing more technical assistance partnerships with the Cambodian government and local agricultural sector. ...

Harrison White
https://www.khmertimeskh.com/50770737/wfp-director-outlines-continued-transition-into-technical-assistance/

‘Uncertainty’ remains over economic outlook

The World Bank has forecast a sharp contraction of negative two percent for the local economy this year, adding that Cambodia’s unfavourable growth outlook alongside disruptions to jobs and lower household incomes means poverty is likely to increase. ...

Harrison White
https://www.khmertimeskh.com/50767885/uncertainty-remains-over-economic-outlook/

Cambodia commits over 200 to peacekeeping missions in Mali

Cambodia has dispatched 218 Blue Helmets to join the United Nation’s peacekeeping mission in Mali. ...

Sen David
https://www.khmertimeskh.com/50763440/cambodia-commits-over-200-to-peacekeeping-missions-in-mali/

ADB provides $127.8 million loan for reliable electricity infrastructure

The Asian Development Bank (ADB)approved a $127.8 million loan on Friday to expand the construction of transmission lines and substations, aiming to help provide Phnom Penh and three other provinces with a stable and reliable electricity supply. ...

Ry Sochan
https://www.khmertimeskh.com/50763512/adb-provides-127-8-million-loan-for-reliable-electricity-infrastructure/

Cambodia gets $127.8 million ADB loan to help expand power grid

The Asian Development Bank has approved a $127.8 million loan to support the construction of transmission lines and substations to help provide Phnom Penh and three other Cambodian provinces with stable and reliable electricity supply. ...

Khmer Times Staff
https://www.khmertimeskh.com/50763156/cambodia-gets-127-8-million-adb-loan-to-help-expand-power-grid/

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