Multilateral development assistance

Asian Development Bank (ADB) President Takehiko Nakao on Tuesday pledged to provide continued support to Cambodia for socio-economic development, a Cambodian spokesman said. He said the nation’s poverty rate had fallen from 53 percent in 2004 to 18 percent in 2014. ...

Rights groups have asked the World Bank to schedule a “special meeting” with evictees before deciding whether to lift a freeze on new loans to Cambodia, and to hold it in Thailand so that participants can speak their minds without fear of reprisal from the ...

Rights groups have asked the World Bank to schedule a “special meeting” with evictees before deciding whether to lift a freeze on new loans to Cambodia, and to hold it in Thailand so that participants can speak their minds without fear of reprisal from the ...

In the face of global economic fragility, the Cambodian government needs to review its fiscal policies and deepen its pockets – building a “buffer” for use in times of crisis, the World Bank has warned. The World Bank’s Global Economic Prospects 2015 report states that Cambodia ...

Oil-importing nations such as Cambodia should be first in line to benefit from the oil-price decline provided they swiftly enact reforms to reinvest savings into strengthening fiscal policy and human capital, according to the World Bank. ...

Asian Development Bank (ADB) provided US$67 millions in loan to support and improve water supply, tourism and financial sectors in Cambodia. The loan agreement was signed Thursday between Aun Pornmoniroth, Cambodia’s Minister of Economy and Finance, and Eric Sidgwick, ADB Country Director for Cambodia. ...

Provincial authorities in Ratanakkiri province on the Vietnam border have yet to allow a team of UN workers to actively seek out a group of Montagnards potentially seeking asylum. UN refugee workers met with provincial officials for more than an hour on Wednesday, but no permission ...

The Cambodian government will allow UN representatives to seek out a group of Montagnards reportedly in hiding in Ratanakkiri province. Interior Minister Sar Kheng gave the green light for UN offices of human rights and refugees to look into the case, where at least 13 Montagnards ...

A UN delegation met with Ratanakkiri province’s deputy police chief yesterday afternoon to discuss the fate of 13 Montagnard asylum seekers who have been hiding in the province in recent weeks. The provincial administration, however, has continued to call for the group’s deportation. Deputy police chief ...

A UN special rapporteur will take the cause of Cambodia’s land-eviction battles and the abuses faced by those waging them to the UN Human Rights Council, according to a report released today. Michel Forst, the special rapporteur on the situation of human rights defenders, will file ...

The Asian Development Bank (ADB) announced Monday that it would provide over 800 million U.S. dollars in concessional finance to Cambodia over five years to support the Southeast Asian nation in economic development and poverty reduction. ...

The president of the General Conference of the United Nations Educational, Scientific and Cultural Organization (UNESCO) on Monday hailed Cambodia for its efforts to preserve and develop world heritage sites, a Cambodian spokesman said. Hao is visiting Cambodia to attend the official launching of the ...

Citing Cambodia’s vulnerability to climate change, civil society groups have called for global responses to the issue as the United Nations prepares for its annual climate change convention in Lima, Peru. ...

The Asian Development Bank (ADB) has approved an 18-million-U.S. dollars loan to build a ferry terminal and other infrastructure in Cambodia’s southern Kampot province to open up new opportunities for tourism, the bank said on Tuesday. ...

Officials at the World Bank, which in 2011 froze new loans to Cambodia amid a furore surrounding the Boeung Kak lake evictions, have approved preliminary proposals to issue funding for a project that could see families forcibly removed in Kampong Thom province. Under the World Bank’s ...

Cambodia’s international donors met Tuesday to decide whether they will comply with the government’s recent move to increase the per diem that civil servants receive for attending work-related, out-of-office events. In July, Prime Minister Hun Sen signed off on a sub-decree raising the Daily Subsistence Allowance ...

Almost every aspect of starting or operating a business in Cambodia is becoming more difficult, according to a World Bank report released Wednesday. “Starting a business in Cambodia requires 11 procedures, takes 101.0 days, costs 139.5 percent of income per capita and requires paid-in minimum ...

The French Development Agency (AFD) confirmed Wednesday that it will sign $6 million worth of loan agreements with three microfinance institutions (MFIs) to help rural households purchase solar panels and electricity. ...

The World Bank and Asian Development Bank issued a report on Tuesday, urging Cambodia to improve its electricity supply and workforce in order to be competitive. Intermittent electricity, informal payments and a low-skill labor force are all major constraints to doing business in Cambodia, the ...

Cambodia must do more than open its borders for trade and investment if it hopes to benefit from regional economic integration and reduce the glaring economic inequality wrought by entrenched patronage networks and corrupt institutions, according to a new report by the Asian Development Bank ...

The Asian Development Bank (ADB) on Monday signed to provide grant and loan agreements worth nearly 99 million U.S. dollars to Cambodia for three development projects, the bank said in a press statement.​ The agreements cover a rural roads improvement project, a technical and vocational ...

Cambodia has reached out to the International Organization for Migration (IOM) for help with resettling refugees it has agreed to take from Australia under a controversial deal signed last month, according to an IOM spokesman. ...

The World Bank has not yet reached a decision on whether to lift a ban on loans to Cambodia, a Bank official has said, contradicting local media reports that the international financing institution would resume loans suspended three years ago over allegations of violent land ...

Officials delayed the bidding process for three projects funded by the Asian Development Bank (ADB) on Wednesday after heated arguments between bidders broke out in Kompong Cham province’s Choeung Prey district, local officials said on Thursday. ...