Multilateral development assistance

The United Nations will provide a $8 million subvention to support the 2018 operations of the Khmer Rouge tribunal, which is tasked with the prosecution of the country’s former Khmer Rouge commanders.   ...

Politicians and civil society members in New York called on the United Nations to take harsh measures to restore democracy in Cambodia during a panel on Tuesday, even recommending leaving Cambodia’s seat at the UN empty and putting senior ruling party officials on a blacklist. ...

Rapid urbanisation in Phnom Penh in the past decade has created jobs and reduced poverty, but better urban planning, management and infrastructure are needed to avoid further sprawl, congestion and pollution, according to a new World Bank report released yesterday. ...

Cambodia may have reduced its levels of extreme poverty to the single-digits, but its middle class is nearly nonexistent and approximately half of its population remains highly susceptible to economic shocks, according to a World Bank report released yesterday. ...

The Asian Development Bank (ADB) is considering plans to revamp the airport in Stung Treng province to increase air connectivity in the Great Mekong Subregion (GMS). ...

The government plans to borrow an additional 1 billion through Special Drawing Rights (SDR), or $1.4 billion, to meet its planned budget for next year, bringing the total national debt to $7.6 billion by the end of 2018 compared to the current level of $6.2 ...

Construction of the first seaport for tourist vessels in Kampot is due to start by the end of the year. The groundbreaking ceremony for the port project was previously scheduled for September, but was delayed. ...

In order to aid the inclusive and sustainable development of the country, the Asian Development Bank (ADB) will continue to support Cambodia in improving disaster preparedness through strengthening its disaster management capabilities. ...

Despite better than predicted overall growth for global economies, the World Bank has slightly downgraded its 2017 forecast for Cambodia due to wage and price concerns in the Kingdom’s the garment industry as well as uncertainty surrounding next year’s national election. ...

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.​ ...

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 ...

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. ...

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. ...

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). ...

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. ...

The Asian Development Bank needs to be more involved in helping Cambodia implement gender equality policies in order to “tap the economic potential” for women and close “sizable gender equality gaps”, an internal evaluation has found. ...

The Asian Development Bank (ADB) is close to finalising its five-year action plan for 2018 to 2022 that promotes agricultural-based value chains across the Greater Mekong Subregion (GMS), an area that includes Cambodia, Laos, Vietnam, Thailand, Myanmar and the southern Chinese province of Yunnan, the ...

A draft five-year strategy for promoting safe and environment-friendly agriculture products in the Greater Mekong Subregion (GMS) that would enhance regional food safety and promote trade is expected to be finalised today, according to the Asian Development Bank. ...