Multilateral development assistance

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 ...

Cambodia and the United Nations have vowed to find more funds to support the Extraordinary Chambers in the Courts of Cambodia, according to the Council of Ministers.   ...

The Ministry of Economy and Finance secured a $36.3 million concessionary loan from the UN’s International Fund for Agricultural Development (IFAD) program aimed at accelerating the production of small-scale agricultural products including rice, vegetables, potatoes, silk and livestock, according to a ministry release yesterday. ...

In light of global predictions of a slowdown in economic markets, led largely by China’s slackening growth, the International Monetary Fund (IMF) yesterday offered Cambodia advice on short and longer term measures to help maintain growth. It also warned that the country’s rapid credit growth ...

The Asian Development Bank has approved a $45 million loan for Cambodia to overhaul its upper secondary education in order to address the increased demand for skilled workers. ...

Cambodia could receive over $1 billion in developmental aid and grant funding from the Asian Development Bank (ADB) in the coming four years as the multilateral financial institution consolidates its lending arms and scales up operations across the region – a move that some analysts ...

As rice farmers struggle to cope with the aftereffects of one of the worst droughts in Cambodia’s recent history and moribund infrastructure makes it difficult to transport and sell their products across the country, universities here and in the United States are joining forces to ...

Tourism Ministry officials held a meeting yesterday to discuss a project to develop a tourist port in Kampot province and a planned drainage system for Kep’s Crab Market – two tourism infrastructure projects backed by the Asian Development Bank (ADB). ...

An International Monetary Fund (IMF) mission from Washington, D.C., headed by Sonali Jain-Chandra, visited Cambodia from July 6 to July 20, 2016 to conduct the annual Article IV staff discussions.   ...

In an attempt to deliver more accurate weather reporting in the Kingdom, the Ministry of Water Resources and Meteorology has started building 30 additional weather stations throughout the country, according to officials. ...

Cambodia has asked the World Bank to assist in the development of the terms of reference for its planned National Logistics Committee, a move that is hoped to improve the transportation sector and reduce costs for exporters. ...

The World Bank has officially revised the status of Cambodia’s economy, moving it up a rung from the low-income bracket into lower-middle income territory – a reclassification that economists expect will lead to a scale-back of foreign aid and preferential trade access over the coming ...

The government of Cambodia and the World Bank today signed agreements for four projects to improve road surfaces, manage fisheries, improve livelihoods from agriculture in targeted rural communities, and increase access to health care, with funding from the International Development Association, or IDA, the World ...

One in every four children in Cambodia under the age of 5 has not had their birth registered, but a new program aims to tackle the problem at the commune level using mobile phone technology, according to UNICEF. ...

The U.S. accused the Cambodian government of scaling back the space for free speech and the World Bank of failing to learn from its mistakes in justifying its decision to abstain from a recent Bank vote that approved a sheaf of new loans to Cambodia. ...

The World Bank’s decision earlier this month to resume lending to Cambodia after a five-year moratorium has drawn criticism from development experts.   ...

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 ...

As Cambodia continues its battle against raging thunderstorms and stifling droughts, officials from a variety of ministries attended a three-day workshop last week on how to incorporate the wide-ranging effects of climate change into the national and provincial budgeting process.   ...

The World Bank’s board of directors could vote today to renew a project for landless families in Cambodia that has run into major problems, a move that would effectively lift a five-year freeze on lending its own money to the country in protest over forced ...

A UN spokesperson has rejected a government reading of a UN convention used to justify banning people with disabilities from performing in the streets. ...

Russia plans to join the International Coordinator Committee to safeguard and develop the Preah Vihear historical site, an official confirmed yesterday. ...

The UN’s International Fund for Agricultural Development (IFAD) will provide $36 million to the Commerce Ministry to help improve market access for poor farmers and small entrepreneurs. ...

The World Bank on Monday said it still predicted strong growth from the Cambodian economy—led by garment exports—and only a moderate cooling over the next few years despite a “faster than expected” slowdown in China, Cambodia’s biggest foreign investor.   ...

The judiciary is perceived as the most corrupt government institution in the Kingdom, according to a United Nations Development Programme global survey of corruption in the judiciary released on Friday.   ...