$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 ...

Cambodia’s construction sector remains strong

Cambodia’s construction sector continues to grow given the gradual increase of investments in the sector and large imports of construction materials into the country, according to the latest report released on Thursday by the World Bank. The World Bank’s East Asia and Pacific Economic Update predicted ...

Realestate.com.kh staff

Governor seeks World Bank’s help to tackle waste woes

Due to the rapid growth of the Kingdom’s coastal city of Sihanoukville, the amount of rubbish being produced daily has skyrocketed from just 100 to 200 tonnes per day in 2015 to a staggering 1,000 tonnes today, prompting Preah Sihanouk’s governor to request World Bank ...

Ben Sokhean
https://www.khmertimeskh.com/50649191/governor-seeks-world-banks-help-to-tackle-waste-woes/

Fishing communities given 100 motorboats

The Ministry of Agriculture, Forestry and Fisheries has provided 50 communities in Kratie and Stung Treng provinces with 100 motorboats from the World Bank to strengthen preservation and combat fisheries crimes. ...

Khouth Sophak Chakrya
https://www.phnompenhpost.com/national/fishing-communities-given-100-motorboats

Government to spend $4 million on Lased II

The government will spend some $4 million on the Land Allocation for Social and Economic Development Project Phase II (Lased II) to benefit almost 600 families in Prasat Balang district’s Doung commune in Kampong Thom province. The land allocation is aimed at alleviating poverty in ...

Voun Dara
https://www.phnompenhpost.com/national/government-spend-4-million-lased-ii

Bidding on major artery renovation to begin next month

The Ministry of Public Works and Transport yesterday announced that the renovation of National Road 4, which connects the capital with Sihanoukville in the south, will begin early next year. The ministry said bidding for the project will start in September. National Road 4 is one ...

Chea Vannak
https://www.khmertimeskh.com/50635502/bidding-on-major-artery-renovation-to-begin-next-month/

World Bank to provide $1 billion in assistance, Ministry says

The World Bank will approve the disbursement of $1 billion to Cambodia to develop priority sectors in the next five years, according to the Ministry of Economy and Finance. The announcement was made by a World Bank delegation during a recent meeting with Acting Minister of ...

Chea Vannak
https://www.khmertimeskh.com/50605107/world-bank-to-provide-1-billion-in-assistance-ministry-says/

World Bank: EU exports may decline up to $654M

The value of Cambodian exports to the EU is expected to decline between $513-$654 million per annum if the country’s tariff-free access is withdrawn, according to a World Bank report released on Monday. The World Bank’s assessment – made in a report named Cambodia Economic ...

Hor Kimsay
https://www.phnompenhpost.com/business/world-bank-eu-exports-may-decline-654m

Economic growth set to slow this year: WB report

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 ...

Hor Kimsay
https://www.phnompenhpost.com/business/economic-growth-set-slow-year-wb-report

Rapid economic growth props up Cambodia’s strongman

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 Economist
https://www.economist.com/asia/2019/04/20/rapid-economic-growth-props-up-cambodias-strongman

Open spaces ‘fail capital’s residents’

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 ...

Niem Chheng
https://www.phnompenhpost.com/national/open-spaces-fail-capitals-residents

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