Multilateral development assistance

Asian Development Bank (ADB)

Clean energy development presents challenges

With its aim to expand solar energy investment by 12 percent by the end of this year and increase it up to 20 percent over the next three years, Cambodia has been facing challenges of transiting to clean energy development, according to a case study ...

Sorn Sarath
https://www.khmertimeskh.com/50737288/clean-energy-development-presents-challenges/

World Oceans Day prompts re-think a push towards a ‘Blue Economy’

The Asian Development Bank has renewed the push for Cambodia and the Asian region to refocus its efforts away from the current “Ocean Economy” and towards a new, more sustainable “Blue Economy”, as yesterday marked World Oceans Day. ...

Harrison White
https://www.khmertimeskh.com/50731634/world-oceans-day-prompts-re-think-a-push-towards-a-blue-economy/

ADB-supported solar project on the horizon

A 60-megawatt solar station, supported by a $7.64 million loan from Asia Development Bank (ADB) is scheduled to be built later this year in Kampong Chhnang province, north of Phnom Penh. ...

Chea Vannak
https://www.khmertimeskh.com/50714008/adb-supported-solar-project-on-the-horizon/

New GDP prediction is not optimistic

The Asian Development Bank (ADB) has predicted that the real economic growth of Cambodia will reach 2.3 percent this year and will be around 5.7 percent in 2021, according to the newly released report on ADB’s flagship annual economic publication titled, Asian Development Outlook 2020. ...

Sok Chan
https://www.khmertimeskh.com/50709859/new-gdp-prediction-is-not-optimistic/

Cambodia gets $118M in sovereign loans from AFD

Agence Francaise de Developpement (AFD) has provided Cambodia with a sovereign loan of 118 million euros ($121 million) for two projects – one to build the Bakheng water treatment plant and another to develop competitive skills. Minister of Economy and Finance Aun Porn Moniroth who ...

Ry Sochan
https://www.phnompenhpost.com/national/cambodia-gets-118m-sovereign-loans-afd

ADB set to provide $1.45B to aid growth

The Asian Development Bank (ADB) has announced that it will provide $1.45 billion to support a new five-year country partnership strategy (CPS) and help the Kingdom achieve its goal of becoming an upper-middle-income country by 2030, it said on Friday. ...

Thou Vireak
https://www.phnompenhpost.com/business/adb-set-provide-145b-aid-growth

ADB continues its support of Kingdom’s financial inclusion

The Asian Development Bank (ADB) has approved a $40 million policy-based loan to support poor and rural households and improve their financial access, it said. ...

Thou Vireak
https://www.phnompenhpost.com/business/adb-continues-its-support-kingdoms-financial-inclusion

Prime Road Alternative wins rights to 60MW solar farm

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 ...

Thou Vireak
https://www.phnompenhpost.com/business/prime-road-alternative-wins-rights-60mw-solar-farm

Ministry requests ADB aid for the most needy

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 ...

Long Kimmarita
https://www.phnompenhpost.com/national/ministry-requests-adb-aid-most-needy

Cambodia’s workforce needs help

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 ...

Jason Thomas
https://theaseanpost.com/article/cambodias-workforce-needs-help

ADB approves $60 million loan for skills training

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 ...

May Kunmakara
https://www.khmertimeskh.com/50617576/adb-approves-60-million-loan-for-skills-training/

NBC set to hold annual meet highliting agricultural issues

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 ...

Sorn Sarath
https://www.phnompenhpost.com/business/nbc-set-hold-annual-meet-highliting-agricultural-issues

Kingdom’s economy set to slow despite robust growth

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 ...

Hor Kimsay
https://www.phnompenhpost.com/business/kingdoms-economy-set-slow-despite-robust-growth

Kampot seaport to become ‘main gateway’ to region

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 ...

Sum Manet
https://www.khmertimeskh.com/50586568/kampot-seaport-to-become-main-gateway-to-region/

Cambodia can achieve SDGs, but deep fiscal reform needed: ADB report

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 ...

Sum Manet
https://www.khmertimeskh.com/50578198/cambodia-can-achieve-sdgs-but-deep-fiscal-reform-needed-adb-report/

Water Ministry to implement two mega projects

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 ...

Pech Sotheary
https://www.khmertimeskh.com/50575344/water-ministry-to-implement-two-mega-projects/

Trade logistics centre west of Phnom Penh is in planning

An assessement of plans to build a groundbreaking trade logistics centre west of Phnom Penh will begin soon, the Ministry of Public Works and Transportation said. An early stage feasibility analysis of the Phnom Penh Logistics Complex is set to begin early next year, supported ...

Hor Kimsay
https://www.phnompenhpost.com/business/trade-logistics-centre-west-phnom-penh-planning

Cambodia, ADB discuss $30m loan

The Ministry of Tourism has begun discussions with the Asian Development Bank (ADB) over a $30-million loan to fund infrastructure in coastal provinces that would support tourism development. The government has announced plans to use the money to build two seaports in Preah Sihanouk province – ...

Chea Vannak
https://www.khmertimeskh.com/50555099/cambodia-adb-discuss-30m-loan/

ADB says Cambodia to grow at 7% in 2018, 2019

The Asian Development Bank (ADB) forecasts that Cambodia’s gross domestic product (GDP) will grow by 7 percent in 2018 and 2019, backed by strong export growth, robust tourist arrivals, buoyant domestic demand, and an expansionary fiscal policy. ...

May Kunmakara
https://www.khmertimeskh.com/50536840/adb-says-cambodia-to-grow-at-7-in-2018-2019/

Students to learn financial literacy

Cambodian students from grade 1 to 12 will begin studying basic financial skills starting in the 2019 academic year as the National Bank of Cambodia (NBC) is now finalising the curriculum. NBC director-general Chea Serey said Thursday that the new curriculum would help boost the ...

Hor Kimsay
https://www.phnompenhpost.com/business/students-learn-financial-literacy

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