World Bank approves funds for healthcare project

The World Bank has approved $113 million in new financing to improve access to quality healthcare in Cambodia focusing on poor and vulnerable people and supporting effective responses to health crises. ...

Long Kimmarita
https://www.phnompenhpost.com/national/world-bank-approves-funds-healthcare-project

Cambodia gets $113 million World Bank healthcare financing

The World Bank approved $113 million in new financing to improve access to quality health care in Cambodia. ...

Khmer Times Staff
https://www.khmertimeskh.com/501040822/cambodia-gets-113-million-world-bank-healthcare-financing/

World Bank gives key recommendations for Cambodia’s economic recovery

The blow to Cambodia’s economy from the COVID-19 pandemic was among the most pronounced in East Asia, but the country can regain sustained economic growth by increasing productivity among firms and workers, diversifying exports, and taking steps to boost domestic investment, the World Bank says ...

Khmer Times Staff
https://www.khmertimeskh.com/501016942/world-bank-gives-key-recommendations-for-cambodias-economic-recovery/

WB, IDA approve $69.25M to help Cambodia improve access to education

The World Bank and International Development Association yesterday approved US $69.25 million to help Cambodia improve equitable access to basic education and respond rapidly to crises affecting the education system. ...

Ashok Patnaik
https://www.khmertimeskh.com/501010000/wb-ida-approve-69-25m-to-help-cambodia-improve-access-to-education/

Public works ministry, World Bank talk infrastructure, EVs

The Ministry of Public Works and Transport has asked the World Bank to continue strengthening bilateral cooperation and close partnership through technical assistance to improve the capacity of officials and help in developing and improving Cambodia’s infrastructure sector. ...

Lay Samean
https://www.phnompenhpost.com/national/public-works-ministry-world-bank-talk-infrastructure-evs

World Bank lowers GDP growth forecast

The World Bank has revised its economic forecast for Cambodia down to 2.2 per cent this year, from a higher expectation of four per cent in April amid a rapid rise in new daily coronavirus infections and deaths, spurred by the more transmissible Delta variant. ...

May Kunmakara
https://www.phnompenhpost.com/business/world-bank-lowers-gdp-growth-forecast

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

‘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/

$100 million credit for rural roads

The World Bank has approved a $100 million credit from the International Development Association (IDA) to improve access to basic services and economic opportunities in Cambodia. ...

Sok Chan
https://www.khmertimeskh.com/50746299/100-million-credit-for-rural-roads/

World Bank approves $93 million for Land Tenure Security of poor indigenous farmers

The World Bank has approved  $93 million credit from the International Development Association (IDA) for the Cambodia Land Allocation for Social and Economic Development Project III (LASED III). The project will help improve land tenure security and access to infrastructure and agricultural and social services ...

Sok Chan
https://www.khmertimeskh.com/50738809/world-bank-approves-93-million-for-land-tenure-security-of-poor-indigenous-farmers/

Sharp drop in wages sent back to Kingdom

Cambodia is to join the ranks of declining overseas worker remittances this year after the World Bank projected global remittances will decline sharply by about 20 percent in 2020 because of the economic crisis induced by the COVID-19 pandemic and consequent business shutdowns ...

Sorn Sarath
https://www.khmertimeskh.com/50717705/sharp-drop-in-wages-sent-back-to-kingdom/

World Bank: Real-estate boom could backfire on economy

The World Bank has warned that the significant growth recorded in the construction and real-estate sector, considered one of the country’s economic pillars, could ultimately affect overall growth due to a trinity of unanticipated and now negative factors. ...

Chhut Bunthoeun
https://www.khmertimeskh.com/50712701/world-bank-real-estate-boom-could-backfire-on-economy/

World Bank approves $20M to fight virus in Kingdom

The World Bank has approved $20 million for Cambodia’s Covid-19 response and its strategic plan to combat the virus. ...

Ry Sochan
https://www.phnompenhpost.com/national/world-bank-approves-20m-fight-virus-kingdom

A serious concern: Cambodians’ $8 billion microfinance debt

Impending COVID-19 health measures and high levels of micro debt pose a serious concern for the approximately 2.4 million Cambodians with a combined outstanding debt of $8 billion, according to a World Bank report released this week. ...

Harrison White
https://www.khmertimeskh.com/50708402/a-serious-concern-cambodians-8-billion-microfinance-debt/

World Bank advises urgent measures to avoid serious financial shock and recession

The World Bank has released several urgent recommendations to Cambodia and other countries in the East Asia Pacific, stating governments need to act quickly, cooperatively and at scale to avoid serious financial shock and recession due to the COVID-19 outbreak. ...

Sok Chan
https://www.khmertimeskh.com/50708028/world-bank-advises-urgent-measures-to-avoid-serious-financial-shock-and-recession/

GDP Growth to Shrink to 2.5% Amid Pandemic, World Bank Projects

Cambodia’s GDP growth this year could drop to its lowest rate in more than a decade, the World Bank projects, with some economic experts warning that the country’s reliance on international markets could slow recovery. ...

Danielle Keeton-Olsen
https://vodenglish.news/gdp-growth-to-shrink-to-2-5-amid-pandemic-world-bank-projects/

Public services get $7.67 million boost through World Bank grant

The World Bank has approved two complementary grants totalling $7.67 million to support social accountability in key public services such as health centres, primary schools, and local administrations in 10 provinces in Cambodia. ...

Long Kimmarita
https://www.phnompenhpost.com/national/public-services-get-767-million-boost-through-world-bank-grant

Cambodia’s ranking in World Bank index drops once again

The latest release of the World Bank’s ease of doing business index puts Cambodia in the 144th spot out of 190 countries, a drop of six places from a year ago. The 2019 ease of doing business index ranked the Kingdom 138th out of 190 ...

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