Aid and development

The government has borrowed $732.06 million in the form of concessional loans from development partners (DPs), amounting to 74.83 percent of the debt ceiling of Special Drawing Rights (SDR) approved by the National Assembly last year, according to the latest report on Cambodia’s public debt. ...

A lead economist working with the Asia Development Bank (ADB) has said that Cambodia needs to rethink its economic model, which is heavily based on export-driven growth, as it prepares to shed least developed country (LDC) status, a transition that is expected to take place by ...

As the urban population continues to grow at rate of 2.6 percent per year, improving public transport and coming up with detailed urbanisation plans should be top priorities for authorities in Phnom Penh, as well as for other urban centres, including Sihanoukville and Siem Reap, ...

The Asian Development Bank (ADB) has approved a $70 million loan to develop the Kingdom’s transportation infrastructure with the majority of the funding going towards improvements of national roads in Prey Veng, Siem Reap and Svay Rieng provinces.​ ...

Cambodia will today receive about $35 million in aid from the Japanese government to fund the reconstruction of seven bridges in flood-prone areas. ...

The Japan International Cooperation Agency has signed an agreement with the Institute of Technology of Cambodia to strengthen engineering education and research for industrial development. ...

The Asian Development Bank approved $50 million in additional financing to help boost agricultural productivity and improve smallholder farmers’ access to markets in 271 communes in the Tonle Sap basin, which is prone to natural calamities.​ ...

The Asian Development Bank (ADB) maintained its economic growth forecast for Cambodia at 7.1 percent for 2017 and 2018 buoyed by the strong performance of developing economies across Asia and the ongoing recovery of large industrial countries, according to a release yesterday. ...

Cambodia as a member of the six-nation Greater Mekong Sub-region (GMS) endorsed a five-year action plan framework that includes $64 billion in projects to help the sub-region achieve inclusive growth and sustainable development. ...

Agriculture ministers in the Greater Mekong Subregion (GMS) on Friday endorsed a five-year strategy and action plan to build a region-wide food safety system. ...

While tariffs across the Asia-Pacific region have dropped over the last 20 years as a result of bilateral and multilateral trade agreements, nontariff barriers such as red tape and quotas continue to hinder the economic growth of Cambodia and other countries in the region, the ...

The construction of a new container terminal as part of an expansion project of the Sihanoukville Autonomous Port (PAS) will start by early 2019 after Japan signed an agreement to provide a low-interest loan of about $209 million. ...

Government of Japan has donated an additional amount of US$120,000 to promote mother and child health in vulnerable areas of Kampong Cham province. ...

As Cambodia continues its upward trajectory towards becoming a lower-middle-income country, it will face even greater challenges in reducing high levels of poverty as the Kingdom loses its preferential trade privileges and donor funding dries up, according to a new World Bank report. ...

Japanese officials will begin studying possible routes for a skytrain connecting Central Market to Phnom Penh International Airport, Prime Minister Hun Sen announced on Monday after securing a loan agreement with Japan last week. ...

Kampong Cham provincial authorities have ordered a newly-elected commune chief to repair a road he had begun excavating to irrigate water away from villagers’ rice fields in Cheung Prey commune. ...

New Zealand is to provide $5 million to support  the sustainable development of horticulture over a five-year period in Cambodia, New Zealand’s foreign minister Gerry Brownlee announced on Monday. ...

The Government of Japan has recently disbursed an amount of US$1,221,818 as its 2017 Fiscal Year contribution to the United Nations component of the Extraordinary Chambers in the Courts of Cambodia (ECCC). ...

A Chinese company has donated fire equipment to the Interior Ministry worth about $200,000, an official said yesterday. Neth Vantha, a fire department chief, said that Enterprise Limited of China is set to donate the equipment, including two fire trucks. ...

Cambodia needs more than $5.41 billion for its three-year public investment plan, a government report says. The plan involves 586 projects which include the social sector, economic development, public infrastructure and the public service, the report said. ...

Cambodia has finalised architectural plan and design for the country’s first-ever international tourism port and been proceeding cost estimation and construction – thanks to the loan from the Asian Development Bank (ADB). ...

About 70 percent of roads and bridges in Cambodia have been funded by China, with loans for their financing adding up to about $2 billion, government-affiliated Fresh News reported the transport minister as saying on Friday. ...

The World Bank will disburse some $540 million from 2018 to 2021 to finance economic development in Cambodia with a focus on supporting the implementation of the government’s Industrial Development Policy as well as other socio-economic projects. ...

France has pledged nearly $400,000 to set up maternal health and early childhood services, including child care centers, at a dozen garment factories across Cambodia, the French Embassy said on Wednesday. ...