Aid and development

Prime Road Alternative Company Limited won construction rights to a 60MW solar farm project at an auction, according to the Asian Development Bank (ADB). An ADB press release released last week shows that the auction, which was conducted by Electricite du Cambodge (EdC), ended with ...

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 ...

The US government will provide an extra $425,000 to the Cambodian Mine Action Centre (CMAC) for it to clear the remnants of cluster bombs dropped on eastern Cambodia 40 years ago and carry out research. ...

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 ...

Cambodia on Tuesday requested the Asian Development Bank (ADB) to consider providing aid – especially to the elderly, people with disabilities and orphaned children. In the meantime, the bank is studying the country’s social welfare system before announcing a raft of technical assistance as part ...

The Japanese government has provided more than $52 million in grants for Cambodia’s socio-economic development projects so far this year, the Ministry of Foreign Affairs and International Cooperation said. ...

The Japanese government is set to grant about $4.6 million in aid to Cambodia to support economic and social development in the Kingdom. According to a Foreign Affairs Ministry statement, Minister Prak Sokhonn and Japanese Ambassador Horinouchi Hidehisa will sign the Exchange of Notes and related ...

RCAF deputy commander General Ith Sarath has requested the Chinese military help teach the Chinese language to military officials. Gen Sarath on Monday met with Brigadier General Xu Wenhua, deputy director of the Royal Academy of Artillery and Air Defence of the Chinese People’s Liberation Army ...

The Asian Development Bank’s (ADB) recent US$60 million loan to Cambodia is set to boost the skills and competitiveness of its growing labour force as the country’s economy undergoes a key transition. Driven by garment exports and tourism, Cambodia’s economy grew by an average of ...

Six World Trade Organization members on Tuesday pledged a combined $13 million to finance the Enhanced Integrated Framework (EIF), a significant show of support for trade as a development tool. The pledge was made on the same day that Prime Minister Hun Sen addressed WTO members ...

Asian Development Bank yesterday approved a $60 million loan to Cambodia to boost labor skills and competitiveness and help the government’s efforts to transit the economy into a skills-driven one. Cambodia is ranked 110th out of 140 economies in the 2018 Global Competitiveness Report, based on ...

As the number of mine casualties has nearly doubled in the first six months of this year compared to the same period last year, the Chinese government yesterday provided new equipment to the Cambodia Mine Action and Victim Assistance Authority for clearance activities. The equipment ...

The National Bank of Cambodia (NBC) is set to hold the 6th Annual Macroeconomic Conference at the end of this year, which will focus on the Kingdom’s agriculture sector challenges. The conference on Agriculture Sector in a Rapid Structural Transformation and Uncertain Global Trade Environment ...

Phnom Penh Governor Khuong Sreng yesterday received 80 public buses from Japan during the inauguration of a bus terminal in Prek Taroth village in Phnom Penh’s Chroy Changva district. Mr Sreng said at the event that Japanese Ambassador to Cambodia Horinouchi Hidehisa handed over 80 ...

The Chinese government yesterday provided hundreds of thousands of dollars of cars and electronics to the Senate. According to a Senate statement, a handover ceremony was presided over by second vice president Tep Ngorn and Li An, an economic and trade adviser with the Chinese ...

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 ...

The German government announced on Tuesday that following negotiations with Cambodian officials it has decided to approve a package of $34 million in loans and $32 million in grants to develop rural infrastructure and reduce poverty. A press release by the German Embassy urged Cambodia, ...

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 ...

Prime Minister Hun Sen and his delegation left the Kingdom yesterday to attend the Belt and Road Forum in Beijing where a number of assistance agreements are expected to be signed. Sry Thamrong, minister attached to the Prime Minister, said at Phnom Penh International Airport that ...

The National Bank of Cambodia (NBC) released its Financial Stability Review for the first time on Wednesday, outlining the work needed to monitor economic security and develop macro-prudential measures to cope with systemic risks. The Financial Stability Review has been produced by NBC since 2001 ...

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 ...

Cambodia’s economic outlook remains robust in the near-term despite the country set to face bigger external risks and potentially lose trade privileges to its main markets, an International Monetary Fund (IMF) team has told the finance minister. An IMF team visited Phnom Penh earlier this ...

China and Cambodia are expected to sign a number of agreements, including one on Chinese assistance and project cooperation, during Prime Minister Hun Sen’s attendance at this week’s Belt and Road Forum in Beijing. Mr Hun Sen will lead a high-level delegation to attend the ...

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 ...