World Bank

The World Bank has officially revised the status of Cambodia’s economy, moving it up a rung from the low-income bracket into lower-middle income territory – a reclassification that economists expect will lead to a scale-back of foreign aid and preferential trade access over the coming ...

The government of Cambodia and the World Bank today signed agreements for four projects to improve road surfaces, manage fisheries, improve livelihoods from agriculture in targeted rural communities, and increase access to health care, with funding from the International Development Association, or IDA, the World ...

The U.S. accused the Cambodian government of scaling back the space for free speech and the World Bank of failing to learn from its mistakes in justifying its decision to abstain from a recent Bank vote that approved a sheaf of new loans to Cambodia. ...

The World Bank’s decision earlier this month to resume lending to Cambodia after a five-year moratorium has drawn criticism from development experts.   ...

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 ...

The World Bank’s board of directors could vote today to renew a project for landless families in Cambodia that has run into major problems, a move that would effectively lift a five-year freeze on lending its own money to the country in protest over forced ...

The World Bank on Monday said it still predicted strong growth from the Cambodian economy—led by garment exports—and only a moderate cooling over the next few years despite a “faster than expected” slowdown in China, Cambodia’s biggest foreign investor.   ...

Cambodia’s economy is expected to remain stable this year as uncertainty surrounding China’s economic slowdown appears to ease, and backed primarily by strong performance in garment and footwear manufacturing, as well as construction, the Asian Development Bank (ADB) said yesterday. ...

Between 2008 and 2015, the World Bank and German aid agency GIZ spent $13 million setting up eight social land concessions for thousands of the poorest Cambodians, doling out small farms they could use to pull themselves out of poverty and, after a few years, ...

Residents and evictees from Phnom Penh’s Boeng Kak and Bo­r­ei Keila neighborhoods re­turned to the World Bank’s country headquarters on Norodom Boul­evard on Monday to hurl eggs at the front gate and demand that the international lender leave Cambodia.   ...

Cambodia’s economy is expected to grow at 6.9 percent this year, the same rate it expanded last year, due to slowing growth in leading economies in region, especially China, Asia’s largest and the world’s second-largest economy, according to the World Bank. ...

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. ...

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. ...

Despite failing to meet many of the expectations of its foreign donors over the past two decades, Cambodia’s government has never struggled to secure aid from abroad. ...

The government has handed out the first 250 land titles to the more than 3,000 families in a World Bank-funded project for poor Cambodians that has been criticized by a local rights group for sticking many of those families with unusable land. ...

The World Bank on Monday stuck to its prediction made in April that the country’s economy would continue to cool off slowly over the next few years and said China’s own slowdown would send only modest ripples through Cambodia.     ...

Nget Khun, a 76-year-old known to some in Cambodia’s capital as “Grandma Mommy,” hasn’t had a quiet retirement. A World Bank spokesperson said the bank is in discussions with the government about “how to support the country’s development in a way that benefits all Cambodians.” ...

New documents from the World Bank on its preparations to lift a 2011 freeze on new loans to Cambodia show that the international lender is giving short shrift to public opinion on whether it should restart lending in the first place. ...

A group of local and international NGOs are urging the World Bank to include a program for helping the thousands of families evicted from Phnom Penh’s Boeng Kak neighborhood as part of the plan to start funding new projects in Cambodia. ...

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 ...

High electricity prices, low wages, limited irrigation and modest rice and crop prices were among the top concerns raised by government officials at a workshop in Phnom Penh on Monday to help the World Bank decide how to spend its money on the country over ...

The World Bank on Monday began two weeks of meetings to help it decide whether to start funding new projects in Cambodia after a four-year freeze. ...

Hang Sal has 2 hectares of fertile land he cannot farm. ...

Human Rights Watch says the World Bank is not doing enough to help people in Cambodia and elsewhere who are facing government harassment for speaking out against Bank-funded projects gone bad. ...