Aid and development

Multilateral development assistance

World Bank shows no interest in views on freeze

New documents from the World Bank on its preparations to lift a 2011 freeze on new loans to Cambodia show that the international lender is giving short shrift to public opinion on whether it should restart lending in the first place. ...

Zsombor Peter
https://www.cambodiadaily.com/news/world-bank-shows-no-interest-in-views-on-freeze-91886/

World Bank urged to help Boeng Kak families

A group of local and international NGOs are urging the World Bank to include a program for helping the thousands of families evicted from Phnom Penh’s Boeng Kak neighborhood as part of the plan to start funding new projects in Cambodia. ...

Zsombor Peter
https://www.cambodiadaily.com/news/world-bank-urged-to-help-boeng-kak-families-91236/

UN expert urges senate to reject NGO law

U.N. human rights expert Maina Kiai on Thursday urged Cambodia’s Senate not to pass a controversial NGO law that the National Assembly approved this week, warning that the legislation could have “disastrous” effects. ...

Kuch Naren and Zsombor Peter
https://www.cambodiadaily.com/news/un-expert-urges-senate-to-reject-ngo-law-88701/

Too soon to issue new loans, NGOs tell World Bank

A group of NGOs on Monday told the World Bank to fix the land-rights problems surrounding its past projects in Cambodia before lifting a freeze on new lending to the country it imposed in 2011 to protest the mass eviction of Phnom Penh’s Boeng Kak ...

Zsombor Peter
https://www.cambodiadaily.com/news/too-soon-to-issue-new-loans-ngos-tell-world-bank-88151/

UN and social affairs officials convene to discuss Prey Speu

Social affairs officials met Thursday with the U.N.’s Office of the High Commissioner for Human Rights to discuss the notorious Prey Speu social affairs center, with the government giving permission for the U.N. to visit the center Friday and identify residents who require psychiatric assistance ...

Mech Dara
https://www.cambodiadaily.com/news/un-and-social-affairs-officials-convene-to-discuss-prey-speu-87812/

World Bank hears local officials’ woes for pending 3-year plan

High electricity prices, low wages, limited irrigation and modest rice and crop prices were among the top concerns raised by government officials at a workshop in Phnom Penh on Monday to help the World Bank decide how to spend its money on the country over ...

Aun Pheap and Zsombor Peter
https://www.cambodiadaily.com/news/world-bank-hears-local-officials-woes-for-pending-3-year-plan-87426/

World Bank urged to speak up for bullied protesters

Human Rights Watch says the World Bank is not doing enough to help people in Cambodia and elsewhere who are facing government harassment for speaking out against Bank-funded projects gone bad. ...

Zsombor Peter
https://www.cambodiadaily.com/news/world-bank-urged-to-speak-up-for-bullied-protesters-86186/

UNESCO to push both adult literacy and preschool education

Months away from the end of a 15-year plan to improve education in the country, officials announced Wednesday that Cambodia still needs to make strides to meet adult literacy benchmarks and set new priorities focusing on the country’s youngest students. ...

Maria Paula Brito
https://www.cambodiadaily.com/news/unesco-to-push-both-adult-literacy-and-preschool-education-85370/

AIIB will use its US$50 billion to help spur hydroelectric development in Asia

With 35 nations signing on as founding members, Beijing-based Asian Infrastructure Investment Bank (AIIB) has a reported US$50 billion foundation from which it plans to spur infrastructure growth in developing Asian countries with projects that include hydroelectric facilities.​ ...

Gregory B. Poindexter
http://bit.ly/1cbOuvO

World Bank may be blind to harm of financial investments: Oxfam

The World Bank’s private sector arm may be doing more harm than good when it invests in private equity firms, banks and other financial intermediaries, global development group Oxfam said in a report on Wednesday. In one project indirectly sponsored by the bank’s International Finance Corporation ...

Anna Yukhananov
http://www.reuters.com/article/2015/04/01/us-worldbank-investments-idUSKBN0MS5IJ20150401

Capital shortage main obstacle for Cambodia in connectivity development: official

A lack of capital is the main obstacle for Cambodia to expedite connectivity development and the Southeast Asian country hopes that the Asian Infrastructure Investment Bank (AIIB) and the Silk Road Fund will fill the shortage, a spokesman said. ...

The Cambodia Herald​ News Staff
http://bit.ly/1HSN1UT

Chinese bank an opportunity for aid reform, Fulbright scholar says

China’s newly proposed, yet controversial, regional investment bank could be an opportunity for Cambodia to​ prove it can use foreign aid more effectively, a Cambodian Fulbright scholar says. ...

Sophat Soeung
http://bit.ly/1EFcuyk

UN agency plans office in capital

A United Nations development agency will open a new office in Phnom Penh following a meeting yesterday with Minister of Foreign Affairs Hor Namhong, an official has said. ...

Taing Vida
http://www.phnompenhpost.com/un-agency-plans-office-capital

ADB president: China-led bank potential partner, not rival

The president of the Asian Development Bank says a proposed Chinese-led regional bank is a potential partner instead of a rival and the ADB is talking with Beijing to share its experience. Takehiko Nakao’s comments came after Washington softened its opposition to the Chinese-proposed Asian Infrastructure ...

Joe Mcdonald
http://www.sfchronicle.com/business/article/ADB-president-China-led-bank-potential-partner-6154049.php

‘Development’ a dirty word, survey finds

After admitting there were “major problems” with its resettlement projects earlier this month, the World Bank has come under fire from Boeung Kak lake residents in a new report from a human rights group. The report by the International Accountability Project (IAP), titled Back to Development, ...

Daniel Pye
http://www.phnompenhpost.com/development-dirty-word-survey-finds

Cambodian PM says AIIB very attractive to countries in Europe

Cambodian Prime Minister Hun Sen said Wednesday that the China-proposed Asian Infrastructure Investment Bank (AIIB) is very attractive to rich countries, particularly in Europe. The prime minister’s remarks came after Germany, France and Italy followed the suit of Britain in deciding to join AIIB as founding ...

The Cambodia Herald​ News Staff
http://bit.ly/1AE7EzM

Italy confirms plan to join China-led bank

Italy’s Ministry of Economy and Finance has confirmed the country’s intention to become a member of the China-led Asian Infrastructure Investment Bank (AIIB), despite pressure from the US on its western allies not to join. ...

The Local Italy News Staff
http://www.thelocal.it/20150317/italy-to-join-china-led-development-bank-report

US losing by pressuring nations not to join Asia bank

For months, the Obama administration has been putting pressure on its allies, such as Australia, Japan and South Korea, not to join the Asia Infrastructure Investment Bank (AIIB), which Washington sees as a potential rival to the World Bank and Asian Development Bank, which are ...

Chen Weihua
http://usa.chinadaily.com.cn/opinion/2015-03/16/content_19817978.htm

Cambodia on verge of transitioning from low-income to middle-income country: ADB chief

Asian Development Bank (ADB) President Takehiko Nakao said here Tuesday that Cambodia is on the verge of transforming from a low-income to a middle-income country. The middle-income nation is defined by the GDP (gross domestic product) per capita between 1,045 U.S. dollars and 12,746 U.S. ...

The Cambodia Herald​ News Staff
http://bit.ly/1Eal4qY

No more ADB funding to finish stalled railway project

ប្រធាន​ធនាគារ​អភិវឌ្ឍន៍​អាស៊ី​ដែល​មក​ធ្វើ​ទស្សន​កិច្ច លោក តាកេហ៊ីកុ ណាកាវ (Takehiko Nakao) បាន​មាន​ប្រសាសន៍​កាលពី​ថ្ងៃ​អង្គារ​ថា នឹង​មិន​មាន​ប្រាក់​ថែមទៀត​ពី​ធនាគារ​នេះ​ដើម្បី​បញ្ចប់​គម្រោង​ដែល​ជាប់​ គាំង​និង​ក្ស័យធន ដើម្បី​ស្ថារ​បណ្តាញ​ផ្លូវ​ដែក​ចាស់​របស់​ប្រទេស​កម្ពុជា គឺ​គម្រោង​មាន​ទឹក​ប្រាក់​១៤២​លាន​ដុល្លារ ដែល​ត្រូវ​គេ​ចាត់​ទុក​ថា​ជា​ការ​ផ្តួចផ្តើម​ហេដ្ឋា​រចនា​សម្ព័ន្ធ​ដ៏​ សំខាន់។ ...

Zsombor Peter
https://www.cambodiadaily.com/news/no-more-adb-funding-to-finish-stalled-railway-project-79470/

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