Aid and development

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exports to the EU is expected to decline between $513-$654 million per annum if the country’s tariff-free access is withdrawn, according to a World Bank report released on Monday.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 ...

A senior Cambodian Mine Action and Victim Assistance Authority (CMAA) official on Monday said the organisation needs an additional budget of $406 million and a further 1,000 mine-clearing personnel to meet its goal of 100 per cent mine clearance by 2025. Senior minister and CMAA ...

The Cambodian economy is projected to slow slightly this year compared to last year, despite robust growth of around seven per cent, an Asian Development Bank (ADB) report released on Wednesday said. ADB said economic expansion last year hit 7.3 per cent on the back ...

Save the Children launched an EU-funded project on Wednesday – Responsive and Effective Child Welfare Systems Transformation (React) – which aims to ensure proper legal protection and quality services for children, the European External Action Service (EEAS), the EU’s diplomatic service said. The launch of ...

Workers are putting the finishing touches to the capital’s Chroy Changvar Bridge before its official reopening on April 4, in time for Khmer New Year. The bridge has been under renovation since October 2017, thanks to a $30 million grant aid issued by the Japanese ...

The United States has begun making payments towards its $37 million aid for the protection of the Prey Lang protected area.​ The Prey Lang protected area encompasses four different provinces, including Kampong Thom, Kratie, Stung Treng and Preah Vihear. ...

With a quarter of construction work already completed, the new port in Kampot province will become the country’s main gateway to tourism destinations in the region, the minister of tourism said. The seaport, which is being built​in Tek Chhou district, will be able​to accommodate one ...

The Ministry of Labour and Vocational Training on Tuesday unveiled a mobile job centre to take employment services to jobseekers across the country, especially those in rural areas, thanks to the completion of the project in collaboration with Swedish organisations. ...

The German government has committed €5 million (about $5.68 million) to a joint government and civil society programme to boost cooperation between local authorities, local service providers and the public to improve performance. The German Embassy announced the funding of the Implementation of Social Accountability ...

Minister of Foreign Affairs and International Cooperation Prak Sokhonn on Wednesday said the Japanese government had provided the Kingdom with $134.38 million in aid packages in the past 12 months – $19.42 million in grants and the remaining $114.96 million in loans. ...

The Cambodian government on Thursday received $7.66 million from the Lancang-Mekong Cooperation (LMC) Special Fund 2018 to implement 19 projects. Initiated by the Chinese government during the first LMC Leaders’ meeting in China’s Hainan province in March 2016, the LMC Special Fund aims to support ...

Cambodia has a good chance of achieving its social protection agenda under the Sustainable Development Goals (SDGs) but will need to balance different social protection investments, according to a report published on Wednesday by the Asian Development Bank (ADB). With the right fiscal reforms and policies ...

In an agreement signed at the Embassy of Japan in Phnom Penh on Tuesday, Shanti Volunteer Association (SVA) received a $529,068 grant from from the Japanese government to carry out its projects aimed at improving early childhood education in Battambang. In a press release, the ...

The Swiss government will provide $6 million for demining work in Cambodia from next year to 2025, which is the year the Kingdom targets to become mine-free. Ly Thuch, Cambodian Mine Action Authority vice president, met with Lars Buechler, a representative of Swiss Development and ...

The Water Resources Ministry and the Asian Development Bank in Cambodia will implement two mega projects totalling $380 million to improve water management in the Kingdom this year. According to a ministry statement, ADB Cambodia’s country director Sunniya Durrani-Jama met Water Resources Minister Lim Kean ...

The governments of Cambodia and Japan, along with Unicef, on Tuesday jointly launched a project to prevent violence against minors. It aims to accelerate action to end all forms of it in the Kingdom, with more than one million vulnerable children increasingly protected. ...

Chinese President Xi Jinping and Prime Minister Hun Sen heralded the continued strong bilateral ties between their nations in a meeting on Monday as part of the latter’s ongoing state visit to the Asian giant. In the meeting, China also committed $588 million in aid ...