Multilateral development assistance

The National Bank of Cambodia (NBC) released its Financial Stability Review for the first time on Wednesday, outlining the work needed to monitor economic security and develop macro-prudential measures to cope with systemic risks. The Financial Stability Review has been produced by NBC since 2001 ...

Cambodia’s economy remains in a “robust” condition but economic growth is projected to slow slightly this year compared to last, mainly due to weaker than expected external demand, according to a World Bank report released on Wednesday. The bank forecast the Cambodian economy to grow ...

Cambodia’s economic outlook remains robust in the near-term despite the country set to face bigger external risks and potentially lose trade privileges to its main markets, an International Monetary Fund (IMF) team has told the finance minister. An IMF team visited Phnom Penh earlier this ...

Between 1995 and 2017 Cambodia grew at an average rate of 7.7%; gdp per person rose from $321 in 1994 to $1,137 in 2017, after accounting for inflation. Foreign money has flooded in and Cambodia’s economy, which war and the Khmers Rouges had destroyed, has ...

The Cambodian economy is projected to slow slightly this year compared to last year, despite robust growth of around seven per cent, an Asian Development Bank (ADB) report released on Wednesday said. ADB said economic expansion last year hit 7.3 per cent on the back ...

With a quarter of construction work already completed, the new port in Kampot province will become the country’s main gateway to tourism destinations in the region, the minister of tourism said. The seaport, which is being built​in Tek Chhou district, will be able​to accommodate one ...

Cambodia has a good chance of achieving its social protection agenda under the Sustainable Development Goals (SDGs) but will need to balance different social protection investments, according to a report published on Wednesday by the Asian Development Bank (ADB). With the right fiscal reforms and policies ...

The Water Resources Ministry and the Asian Development Bank in Cambodia will implement two mega projects totalling $380 million to improve water management in the Kingdom this year. According to a ministry statement, ADB Cambodia’s country director Sunniya Durrani-Jama met Water Resources Minister Lim Kean ...

An assessement of plans to build a groundbreaking trade logistics centre west of Phnom Penh will begin soon, the Ministry of Public Works and Transportation said. An early stage feasibility analysis of the Phnom Penh Logistics Complex is set to begin early next year, supported ...

The Ministry of Tourism has begun discussions with the Asian Development Bank (ADB) over a $30-million loan to fund infrastructure in coastal provinces that would support tourism development. The government has announced plans to use the money to build two seaports in Preah Sihanouk province – ...

Research from Cambodian urban NGO Sahmakum Teang Tnaut (STT) has found that Phnom Penh is failing a large number of its inhabitants by falling far below minimum UN standards for open public spaces. SST warns that the situation “will have negative consequences” unless planners begin ...

The Asian Development Bank (ADB) forecasts that Cambodia’s gross domestic product (GDP) will grow by 7 percent in 2018 and 2019, backed by strong export growth, robust tourist arrivals, buoyant domestic demand, and an expansionary fiscal policy. ...

The National Bank of Cambodia (NBC) and the International Monetary Fund on Thursday held a conference to discuss the next steps in Cambodia’s economic development. ...

A new partnership with the Food and Agriculture Organisation of the United Nations seeks to enhance the quality of local meat by modernising facilities and raising hygiene standards, with a pilot project launched in Takeo in November.​ ...

Cambodia’s global logistics performance ranking dropped 25 spots to 98th this year after achieving a commendable 73rd in 2016, the World Bank’s Logistics Performance Index (LPI) said, but local experts questioned the lack of clarity on the ranking slip. ...

Cambodian students from grade 1 to 12 will begin studying basic financial skills starting in the 2019 academic year as the National Bank of Cambodia (NBC) is now finalising the curriculum. NBC director-general Chea Serey said Thursday that the new curriculum would help boost the ...

The National Bank of Cambodia (NBC) said in its mid-year report the country’s real economic growth will average seven percent this year, with strong contribution from the agricultural, industrial and services sectors. ...

The Cambodian government and the World Bank yesterday signed two agreements in Phnom Penh to implement two key investment projects worth a total of $200 million. The Higher Education Institutions Capacity Improvement Project (HEICP) and Second Road Asset Management Project (RAMP II) were approved by ...

Cambodia on Wednesday (July 4) reopened the final stretch of a railway running from the capital, Phnom Penh, to the border with neighbouring Thailand, the first time the line has been operational in 45 years. ...

The Asian Development Bank’s (ADB) Board of Directors has approved a $90 million loan to help Cambodia strengthen climate resilience and modernize the agriculture sector using advanced technologies. The project will boost the climate resilience of critical agricultural infrastructure while helping improve the competitiveness of ...

The World Bank is to lend Cambodia $110 million interest-free to restore the key national highway linking Phnom Penh to the country’s only deep-sea port. The loan was approved last week by the bank’s board of executive directors under the Road Asset Management Project II. ...

Cambodia’s economic health remains strong at about 6 or 7 percent annual growth, but the country needs to harness its young population and invest in training and skills to ensure this trend continues, the World Bank said. ...

The Asian Development Bank (ADB) has committed over $2.8 billion in lending, grants, and technical assistance to Cambodia since 1966, making it the country’s largest multilateral development partner. The development bank issued a report yesterday that puts its total contribution to Cambodia at $2.86 billion over ...

The economy will grow at a rate of 6.9 percent in 2018, according to the latest report from the World Bank. Other international financial institutions have issued similar forecasts this month, with the Asian Development Bank (ADB) and the International Monetary Fund (IMF) putting national ...