Aid and development

The government plans to spend about $300 million to build a new multipurpose seaport in Preah Sihanouk province, which promises to receive larger cargo ships and reduce logistics costs.The new port will increase the capacity of the Sihanoukville Autonomous Port (PAS) to handle cargo shipments, ...

The French Agency for Development has granted a 30 million euro, or $31.1 million, loan for the Phnom Penh Water Supply Authority (PPWSA) to expand one of its four water plants and increase its water distribution in the capital. ...

Foreign aid to Cambodia dropped about 14 percent last year, according to updated data released this week—though the figures exclude China, one of the country’s most significant donors. Actual payments of foreign aid fell from $970 million in 2014 to $830 million last year, marking ...

Japanese investors have sunk over $800 million into the Cambodian economy over the past two decades, with much of this investment coming on the back of concessional aid directed to develop and strengthen the country’s trade and industry capacities, according to data provided on Friday ...

Japan, the Khmer Rouge tribunal’s largest donor to date, has contributed a further $1.12 million to its international component, the tribunal said on Tuesday in a statement. ...

A $100 million freshwater aquarium, part of which will be a research and breeding center, is being planned for Phnom Penh.​ The project, revealed in a meeting between Prime Minister Hun Sen and a visiting Japanese delegation from the Japan-Cambodia Association on Friday, will be funded ...

In light of global predictions of a slowdown in economic markets, led largely by China’s slackening growth, the International Monetary Fund (IMF) yesterday offered Cambodia advice on short and longer term measures to help maintain growth. It also warned that the country’s rapid credit growth ...

The Asian Development Bank has approved a $45 million loan for Cambodia to overhaul its upper secondary education in order to address the increased demand for skilled workers. ...

Chinese aid and expertise—and perhaps some fighter jets—will help modernize Cambodia’s military, Defense Minister Tea Banh said on Monday as navy vessels from China and the U.S. paid courtesy calls to Cambodia’s ports. Speaking after his return from the 7th Xiangshan Forum, a regional security summit ...

A​ tourism​ development​ agreement​ was​ signed​ last​ week​ between​ Cambodia’s​ Ministry​ of​ Tourism​ and​ China’s​ Shanghai​ Spring​ International​ Travel​ Service​ Group​ to​ boost​ the​ influx​ of​ Chinese​ tourists​ to​ the​ Kingdom. In​ announcing​ the​ agreement​ on​ Saturday,​ Minister​ of​ Tourism​ Thong​ Khon​ said:​ “The​ memorandum​ ...

Days after signing a statement welcoming Chinese President Xi Jinping to Cambodia, opposition leader Sam Rainsy took to Radio Free Asia to slam China for enabling human rights abuses in the Kingdom with no-strings-attached loans.​ ...

The visit of Chinese President Xi Jinping last week resulted in loan agreements worth almost $2 billion for road infrastructure development in Cambodia, the Ministry of Public Works and Transport said on Friday. According to Transport Minister Sun Chanthol, the money will be used to ...

Chinese President Xi Jinping is not one to arrive without a gift. On his first visit to Cambodia as head of state on Thursday, he pledged some $237 million in aid, erased almost $90 million in state debt, offered nearly $15 million in military support and ...

The National Election Committee yesterday announced the details of an assistance package from China, which has pledged to support Cambodia’s upcoming commune and national elections, set for 2017 and 2018. ...

Three and a half years after signing a memorandum of understanding on the project, the Korean International Cooperation Agency (KOICA) in Cambodia handed over a $10.1 million aviation training center to the government yesterday. ...

China will help Cambodia improve its military capacity and provide military technical skills, National Defense Minister Tea Banh said yesterday. ...

Seemingly backing away from previous criticism, Heng Ratana, director-general of the Cambodia Mine Action Centre (CMAC), expressed gratitude to the US on Friday for pledging another $1.9 million to the organisation, while still implying that Cambodia is not treated as well as its neighbouring countries. ...

Cambodia could receive over $1 billion in developmental aid and grant funding from the Asian Development Bank (ADB) in the coming four years as the multilateral financial institution consolidates its lending arms and scales up operations across the region – a move that some analysts ...

The Japanese government will provide almost $30 million in grant aid to Cambodia to boost Phnom Penh’s public bus system and to strengthen ongoing demining operations. At a signing ceremony at the Ministry of Foreign Affairs yesterday, minister Long Visalo and outgoing Japanese Ambassador Yuji Kunamaru, ...

Japan has pledged to help fund three projects in Cambodia with a grant totalling about $31.9 million. Cambodian Ministry of Foreign Affairs Secretary of State Long Visalo met with Japanese Ambassador to Cambodia Yuji Kumamaru yesterday for a signing ceremony to officially award the funding. One of ...

The Japanese government on Wednesday agreed to provide the Cambodian Mine Action Centre (CMAC) $833,000 towards an ongoing project that will see the group increase the management capacity of their operations.   ...

As rice farmers struggle to cope with the aftereffects of one of the worst droughts in Cambodia’s recent history and moribund infrastructure makes it difficult to transport and sell their products across the country, universities here and in the United States are joining forces to ...

The Japanese government agreed yesterday to provide more than $830,000 to the Japan Mine Action Service (JMAS) to assist the Cambodian Mine Action Center (CMAC) with demining operations in the northwestern part of Battambang province. The deal was signed by Japan’s Ambassador to Cambodia Yuji Kumamaru ...

A banking sector initiative launched yesterday aims to advise Cambodia’s financial sector on best practices for sustainable lending while capitalising on the growing pool of international funds that could flow into green and socially responsible projects. The Sustainable Finance Initiative will conduct two years of ...