Global economy will slow for a third straight year in 2024, World Bank predicts

That is the picture sketched by the World Bank, which forecast Tuesday that the world economy will expand just 2.4% this year. That would be down from 2.6% growth in 2023, 3% in 2022 and a galloping 6.2% in 2021, which reflected the robust recovery ...

Kiripost staff writers
https://kiripost.com/stories/global-economy-will-slow-for-a-third-straight-year-in-2024-world-bank-predicts

World Bank says Cambodian economy advances amid external, domestic headwinds

Cambodia’s economic growth is projected to reach 5.4 percent in 2023, marginally down from the 5.5 percent forecast in May, the World Bank said on Wednesday. ...

Khmer Times Staff
https://www.khmertimeskh.com/501396748/world-bank-says-cambodian-economy-advances-amid-external-domestic-headwinds/

World Bank says floods pose significant risk to education and healthcare in Cambodia

Seasonal flooding is the most common and frequent disaster in Cambodia. Major flooding events occur every five years and can be particularly devastating. ...

Khmer Times Staff
https://www.khmertimeskh.com/501394156/world-bank-says-floods-pose-significant-risk-to-education-and-healthcare-in-cambodia/

World Bank report explores path to climate-resilient economy

The World Bank has launched the Cambodia Country Climate and Development Report (CCDR), which provides critical insights into the Kingdom’s response to climate change and its impact on development goals. ...

Seng Mengheng
https://kiripost.com/stories/cambodia-world-bank-report-explores-path-to-climate-resilient-economy

Waste management project takes shape

The Ministry of Environment, in collaboration with the World Bank, is poised to launch a project aimed at managing solid and plastic waste in five provinces in the near future. Discussions are underway to expedite the project’s implementation. ...

Bor Pich Zelin
https://phnompenhpost.com/national/waste-management-project-takes-shape

Growth pegged at 5.5% for ‘23 recovery stage by World Bank

The World Bank has upheld its economic growth forecast for Cambodia this year at 5.5 percent, supported by the resurgence of the services sector, particularly tourism, following the post-pandemic recovery. ...

May Kunmakara
https://www.phnompenhpost.com/business/growth-pegged-55-23-recovery-stage-world-bank

More than 400,000 students benefit from World Bank education project

More than 400,000 Cambodian students are benefiting from expanding educational opportunities availed through the World Bank-funded Secondary Education Improvement Project (SEIP) that focuses on the construction of new school buildings, modern facilities and training teachers for capacity building. ...

Hang Punreay
https://www.khmertimeskh.com/501346582/more-than-400000-students-benefit-from-world-bank-education-project/

World Bank project advances despite occupying indigenous burial grounds

Indigenous Bunong people from Roya Leu village offered rice wine and pork to a shrine, asking forest spirits to protect their land from the World Bank. ...

Andrew Califf, Sovann Sreypich, and Eung Sea
https://cambojanews.com/world-bank-project-advances-despite-occupying-indigenous-burial-grounds/

World Bank issues recommendations for Cambodia’s blue economy

The World Bank (WB) has released a set of recommendations for Cambodia’s sustainable blue economy development along with an analysis that focuses on three fundamental areas sectors related to marine policy, marine spatial planning and coastal livelihoods including blue growth sectors, said a report released ...

Kang Sothear ​
https://www.khmertimeskh.com/501319728/world-bank-issues-recommendations-for-cambodias-blue-economy/

WB sticks to Cambodia’s 5.2% growth forecast for 2023

World Bank has maintained the 2023 economic growth rate forecast for Cambodia at 5.2 percent while it lowered the prospects for the neighbouring countries Vietnam and Thailand from its October 2022 estimates. ...

Manoj Mathew
https://www.khmertimeskh.com/501266499/wb-sticks-to-cambodias-5-2-growth-forecast-for-2023/

World Bank says safeguarding financial stability in Cambodia is crucially important

In its Cambodia Economic Update, the World Bank has said that the country’s commercial real estate sector faces increased risks as financial conditions tighten. ...

Khmer Times Staff
https://www.khmertimeskh.com/501210119/world-bank-says-safeguarding-financial-stability-in-cambodia-is-crucially-important/

WB allots $274M for recovery

Cambodia is set to receive a $274 million credit from the World Bank (WB) “to promote a resilient recovery from the recent economic shocks” stemming from ongoing geopolitical competition among major powers and the Covid-19 crisis, more than two years on from the start of ...

May Kunmakara
https://www.phnompenhpost.com/business/wb-allots-274m-recovery

Cambodia’s GDP and Inflation to Rise This Year, World Bank Says

Cambodia’s GDP growth is estimated to reach 4.8% this year, and continue rising for the next two years while remaining below pre-pandemic levels, and inflation may hit 6%, more than double the rates of the last two years, the World Bank said. ...

Sorn Sarath and Matt Surrusco
https://cambojanews.com/cambodias-gdp-and-inflation-to-rise-this-year-world-bank-says/

World Bank approves funds for healthcare project

The World Bank has approved $113 million in new financing to improve access to quality healthcare in Cambodia focusing on poor and vulnerable people and supporting effective responses to health crises. ...

Long Kimmarita
https://www.phnompenhpost.com/national/world-bank-approves-funds-healthcare-project

Cambodia gets $113 million World Bank healthcare financing

The World Bank approved $113 million in new financing to improve access to quality health care in Cambodia. ...

Khmer Times Staff
https://www.khmertimeskh.com/501040822/cambodia-gets-113-million-world-bank-healthcare-financing/

World Bank gives key recommendations for Cambodia’s economic recovery

The blow to Cambodia’s economy from the COVID-19 pandemic was among the most pronounced in East Asia, but the country can regain sustained economic growth by increasing productivity among firms and workers, diversifying exports, and taking steps to boost domestic investment, the World Bank says ...

Khmer Times Staff
https://www.khmertimeskh.com/501016942/world-bank-gives-key-recommendations-for-cambodias-economic-recovery/

WB, IDA approve $69.25M to help Cambodia improve access to education

The World Bank and International Development Association yesterday approved US $69.25 million to help Cambodia improve equitable access to basic education and respond rapidly to crises affecting the education system. ...

Ashok Patnaik
https://www.khmertimeskh.com/501010000/wb-ida-approve-69-25m-to-help-cambodia-improve-access-to-education/

Public works ministry, World Bank talk infrastructure, EVs

The Ministry of Public Works and Transport has asked the World Bank to continue strengthening bilateral cooperation and close partnership through technical assistance to improve the capacity of officials and help in developing and improving Cambodia’s infrastructure sector. ...

Lay Samean
https://www.phnompenhpost.com/national/public-works-ministry-world-bank-talk-infrastructure-evs

World Bank lowers GDP growth forecast

The World Bank has revised its economic forecast for Cambodia down to 2.2 per cent this year, from a higher expectation of four per cent in April amid a rapid rise in new daily coronavirus infections and deaths, spurred by the more transmissible Delta variant. ...

May Kunmakara
https://www.phnompenhpost.com/business/world-bank-lowers-gdp-growth-forecast

An outlook into 2021 economy

Cambodia’s economy will contract two per cent in 2020 before swiftly recovering to four per cent growth this year, the World Bank projects, citing effective government measures that respond to the specific needs of the most affected sectors – including tourism, garments and textiles, and ...

May Kunmakara
https://www.phnompenhpost.com/business/outlook-2021-economy

‘Uncertainty’ remains over economic outlook

The World Bank has forecast a sharp contraction of negative two percent for the local economy this year, adding that Cambodia’s unfavourable growth outlook alongside disruptions to jobs and lower household incomes means poverty is likely to increase. ...

Harrison White
https://www.khmertimeskh.com/50767885/uncertainty-remains-over-economic-outlook/

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