Aid and development

Development policy and administration

Kingdom to spend nearly $60 billion on development until 2023

Cambodia will spend nearly $60 billion under the National Strategic Development Plan 2019-2023 and 75 percent of the funding will come from development partners. ...

Ben Sokhean
https://www.khmertimeskh.com/50658074/kingdom-to-spend-nearly-60-billion-on-development-until-2023/

China deals swiftly signed

Cambodian and Chinese officials and business leaders yesterday signed 19 agreements during a visit to Phnom Penh by Chinese Premier Li Keqiang, boosting Chinese investment at a time when the regional power has upped its economic and political support for Hun Sen’s government.​ ...

Hor Kimsay and Cheng Sokhorng
http://www.phnompenhpost.com/business/china-deals-swiftly-signed

World Bank to re-engage after five-year absence

The World Bank has approved $130 million in developmental aid aimed at reducing poverty in Cambodia, signalling its first direct re-engagement with the Kingdom since it left in protest in 2011 after one of the largest forceful evictions led by the government displaced more than ...

Kali Kotoski
http://www.phnompenhpost.com/national/world-bank-re-engage-after-five-year-absence

With AIIB, nation diversifies funding options

Though it’s extremely early days, experts this week welcomed Cambodia’s membership to the nascent China-led Asian Infrastructure Investment Bank (AIIB), saying it would provide much-needed diversity of funding for the nation’s infrastructure and connectivity needs. ...

Tej Parikh
https://www.cambodiadaily.com/news/with-aiib-nation-diversifies-funding-options-105893/

Index shows Cambodia still weak on human development

Cambodia ranked 143rd out of 188 countries in the U.N.’s latest Human Development Index (HDI), a composite measure of development incorporating health, education and living standards, according to new figures released on Monday. ...

Tej Parikh
https://www.cambodiadaily.com/news/index-shows-cambodia-still-weak-on-human-development-103035/

Give farmers a break: PM

Prime Minister Hun Sen yesterday called on banks and microfinance institutions (MFIs) to suspend loan repayments by borrowers affected by this year’s drought, or either make the loans interest free or cut the rates. ...

May Kunmakara
http://www.khmertimeskh.com/news/18453/give-farmers-a-break--pm/

World Bank readies another project

The World Bank is considering yet another internally funded project in Cambodia that, if approved, would lift the organization’s four-year-old freeze on new lending to the country. ...

Zsombor Peter
https://www.cambodiadaily.com/news/world-bank-readies-another-project-100986/

World Bank looks to end funding freeze

The World Bank could approve its first internally funded project in Cambodia in March, according to recently released reports, a move that would effectively end the freeze on new lending the Bank imposed on Cambodia over four years ago. ...

Zsombor Peter
https://www.cambodiadaily.com/news/world-bank-looks-to-end-funding-freeze-100353/

PM urges greater economic integration with China

Prime Minister Hun Sen yesterday called for more collaboration and integration of financial markets at the regional level, especially with China – the world’s second-largest economy – to offset the effects of a slowing global economy. ...

May Kunmakara
http://www.khmertimeskh.com/news/16773/pm-urges-greater-economic-integration-with-china/

Time’s up for MDG targets

As the United Nations meets this week to draw up a new set of sustainable development benchmarks, the era of the body’s landmark Millennium Development Goals (MDGs) is coming to a close, with some wondering – in spite of gains – what efficacy such targets ...

Zoe Holman
http://www.phnompenhpost.com/national/times-mdg-targets

PM to talk on mines at UN

Prime Minister Hun Sen flew to New York yesterday for talks where he will raise the scourge of landmines which still affect Cambodia. ...

Ven Rathavong
http://www.khmertimeskh.com/news/16104/pm-to-talk-on-mines-at-un/

Another UN rights envoy arrives

The new Special Rapporteur on Human Rights for the United Nations in Cambodia, Rhona Smith, will touch down in Cambodia for the first time today and will stay until the 24th. Ms. Smith will examine the human rights situation in here and report her findings ...

Srey Kumneth
http://www.khmertimeskh.com/news/15761/another-un-rights-envoy-arrives/

Too soon to issue new loans, NGOs tell World Bank

A group of NGOs on Monday told the World Bank to fix the land-rights problems surrounding its past projects in Cambodia before lifting a freeze on new lending to the country it imposed in 2011 to protest the mass eviction of Phnom Penh’s Boeng Kak ...

Zsombor Peter
https://www.cambodiadaily.com/news/too-soon-to-issue-new-loans-ngos-tell-world-bank-88151/

UN and social affairs officials convene to discuss Prey Speu

Social affairs officials met Thursday with the U.N.’s Office of the High Commissioner for Human Rights to discuss the notorious Prey Speu social affairs center, with the government giving permission for the U.N. to visit the center Friday and identify residents who require psychiatric assistance ...

Mech Dara
https://www.cambodiadaily.com/news/un-and-social-affairs-officials-convene-to-discuss-prey-speu-87812/

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