Aid and development

The head of the International Monetary Fund (IMF), Christine Lagarde, has reaffirmed an earlier prediction that Cambodia will grow 7 percent this year, in an interview published today by The Post newspaper. Lagarde praised the country’s economic outlook, although she acknowledged that it will face challenges, ...

Phnom Penh could have its first international-standard medical facility if a Japanese plan to construct a critical-care center equipped with state-of-the-art medical technologies and highly trained doctors, nurses and surgeons goes ahead, according to local officials and Japanese government documents. Japanese Prime Minister Shinzo Abe announced ...

Panasonic, a leading manufacturer of electronics, will donate 1,500 solar lanterns to the UNESCO Phnom Penh Office to distribute to the poorest villages in Angkor Park on Tuesday, according to a press release issued by UNESCO. UNESCO will in turn hand the lanterns to the APSARA ...

The International Monetary Fund (IMF) Managing Director Christine Lagarde said Tuesday that Cambodia needs to invest more in education and physical infrastructure in order to lay the foundation for future success. While there has been good progress, Cambodia is still being held back by low ...

China’s Yunnan province on Monday provided 200 agricultural engines to Cambodia’s northwestern Banteay Meanchey province for post-flood rehabilitation. A handover ceremony was held here between Yu Dingcheng, vice chairman of the Standing Committee of the Yunnan Provincial People ‘s Congress, and Oung Oeun, chief of the ...

After nearly two years of silence on its draft NGO Law, the Ministry of Interior on Sunday said it was aiming to have the highly contentious piece of legislation ready for the Council of Ministers early next year and voted on by July. Meas Sarim, deputy ...

The World Bank recently ranked Cambodia 184th out of 189 countries for ease of starting a business, but you wouldn’t have known it at Phnom Penh’s recent Startup Weekend. Pitches for Cambodia’s first commercial organic chicken farm and for an app to connect tuk-tuk drivers to ...

The International Monetary Fund (IMF) Managing Director Christine Lagarde pledged Monday to continue providing technical assistance to Cambodia for financial and fiscal reforms. Speaking during a meeting with Cambodian Economy and Finance Minister Aun Porn Moniroth, Lagarde hailed Cambodia for sound macroeconomic management and fruitful cooperation ...

China’s Yunnan province on Monday provided 200 agricultural engines to Cambodia’s northwestern Banteay Meanchey province for post-flood rehabilitation. A handover ceremony was held here between Yu Dingcheng, vice chairman of the Standing Committee of the Yunnan Provincial People ‘s Congress, and Oung Oeun, chief of the ...

Asian Development Bank (ADB) seeks cooperation with Cambodia’s Anti-Corruption Unit (ACU) to fight against corruption in projects that ADB funds. In a meeting Saturday between Nuon Sothimon, ACU’s department chief of juridical affairs and Lorraine Wang-Reyes, ADB’s principal integrity specialist, they discussed cooperation in combating ...

Standard & Poor’s affirmed Thursday its ‘B’ long and short-term sovereign credit ratings for Cambodia, adding that the outlook for the long-term rating remained stable. At the same time, the US rating agency affirmed its ‘axBB-‘ long-term and ‘axB’ short-term ASEAN regional-scale ratings on the country. ...

nternational Monetary Fund (IMF) managing director Christine Lagarde will visit Cambodia next week as part of an Asia tour that will also include stops in South Korea and Burma, according to an IMF spokesman. Ms. Lagarde will meet with Cambodian government officials, university students, investors and ...

Switzerland on Tuesday granted 3 million U.S. dollars to Cambodia through the United Nations Development Program (UNDP) for mine clearance. The agreement was inked between Rahel Boesch, director of Swiss Agency for Development Cooperation office in Cambodia, and Setsuko Yamazaki, director of UNDP office in Cambodia, ...

Twelve Chinese-made helicopters that Cambodia purchased from China were delivered Monday to the Cambodian Defence Ministry. At the handover ceremony, Cambodian Defence Minister Gen Tea Banh said the Zhi-9 utility helicopters will be used for military training purposes and for cracking down on crimes in various ...

The government’s Anti-Corruption Unit (ACU) said Friday that it has investigated the public procurements of the National Center for HIV/AIDS, Dermatology and STD Control (NCHADS) and found they were carried out correctly, despite an exhaustive investigation by the Global Fund to Fight Aids, Tuberculosis and ...

Historic O’Russey Market will not be the location of a planned Chinatown development, according to Cambodia’s Tourism Minister. Tourism Minister Thong Khon said the government was looking for another site for the tourism-focused development and that O’Russey Market was not under consideration, as had recently been ...

The Asian Development Bank (ADB) is providing emergency humanitarian assistance of 3 million U.S. dollars to help Cambodia recover from devastating floods that have affected 1.7 million people and caused an estimated 1 billion U.S. dollars in damage, the Bank said in a statement on ...

Growth in tourism is the key driver that is pushing up the value of Cambodia’s service sector, according to the Asian Development Bank report released last week. But to reach its full potential the country still needs to harness resources and tackle the problems that are ...

Japan’s Prime Minister Shinzo Abe has pledged to help Cambodia with electoral reforms, following a request by Prime Minister Hun Sen to send experts to the country ahead of future polls and amid an ongoing dispute over national elections held more than three months ago. The ...

The International Monetary Fund (IMF) on Friday said it expects Cambodia’s economy to grow by 7 percent this year, fueled mostly by the garment, tourism and construction sectors, though risks such as extreme weather and labor market instabilities could cause growth to fluctuate. The IMF also ...

The bilateral trade volume between Cambodia and China rose by 31 percent in the first nine months of the year thanks to closer ties between the two governments, Chinese Ambassador to Cambodia Bu Jianguo said Thursday. From January to September this year, the two-way trade volume ...

The Global Fund to Fight AIDS, Tuberculosis and Malaria announced Thursday it had suspended contracts with two international suppliers of mosquito nets after uncovering serious financial wrongdoing in Cambodia. The move followed a probe by Global Fund inspectors into claims of corruption at the suppliers, ...

Japanese Prime Minister Shinzo Abe, who makes a visit to Phnom Penh this weekend, should leverage his country’s aid to pressure the Cambodian government to launch an independent probe into fraud and other irregularities in disputed elections, a rights group said Thursday. As head of the ...

The Chinese government on Thursday signed up to provide a free-interest loan of 200 million Renminbi (33 million U.S. dollars) to Cambodia for social and economic development projects. The agreement was inked between Chinese Ambassador to Cambodia Bu Jianguo and Cambodian Finance Minister Aun Porn Moniroth ...