Aid and development

Multilateral development assistance

Economic outlook positive, ease of doing business still lagging: ADB

Cambodia’s economic outlook remains positive and the economy is forecast to grow at a robust 7 percent this year and next year, according to a report released by the Asian Development Bank (ADB) on Wednesday. Growth in exports, strong foreign direct investment, growing tourist arrivals ...

Hor Kimsay
https://www.phnompenhpost.com/business/economic-outlook-positive-ease-doing-business-still-lagging-adb

Mekong summit sees $66B worth of projects agreed to

Six countries pledged to enact $66 billion worth of projects over the next five years at the Greater Mekong Subregion (GMS) Summit in Hanoi on Saturday, with Cambodia-specific projects scheduled to receive the least amount of funding of any participant. ...

Robin Spiess
https://www.phnompenhpost.com/business/mekong-summit-sees-66b-worth-projects-agreed

UN data show nearly half of Kingdom’s rice exports undocumented

The UN Food and Agriculture Organisation (FAO) is forecasting that 44 percent of Cambodia’s total rice exports will be smuggled out of the country through informal channels this year, a persistent problem that weighs down profits and threatens to cripple the industry. ...

Cheng Sokhorng
https://www.phnompenhpost.com/business/un-data-show-nearly-half-kingdoms-rice-exports-undocumented

Ministry sees strong growth for Kingdom

Cambodia should continue to see steady economic growth at about 7 percent this year despite potential investor caution that could arise ahead of July’s national election, officials from the Ministry of Economy and Finance (MEF) said on Wednesday. ...

Hor Kimsay
https://www.phnompenhpost.com/business/ministry-sees-strong-growth-kingdom

Kampot ferry construction delayed

Construction on a new tourist ferry port located about 6 kilometres from the provincial capital in Kampot province has been delayed, although a Tourism Ministry spokesman promised that construction would begin before the end of this year. ...

Cheng Sokhorng
https://www.phnompenhpost.com/business/kampot-ferry-construction-delayed

ADB to launch $60M Labour Ministry program next year

The Asian Development Bank (ADB) is planning to establish a new $60 million program focused on developing local technical skills and increasing the competitiveness of Cambodia’s labour force in 2019, according to Minister of Labour Ith Sam Heng. ...

Cheng Sokhorng
http://www.phnompenhpost.com/business/adb-launch-60m-labour-ministry-program-next-year

Government seeking loan to repair national road

The Transport Ministry said yesterday it has asked the World Bank for a $110 million loan to upgrade National Road 4. Speaking after a signing ceremony with a Chinese company to repair two other national roads, Transport Minister Sun Chanthol said the ministry and the World ...

Sen David
http://www.khmertimeskh.com/50106732/government-seeking-loan-repair-national-road/

$540m Mekong project endorsed

Environment ministers from the six countries of the Greater Mekong subregion endorsed a five-year environment agenda that includes more than $540 million worth of projects to spur green investments and increase environmental cooperation to help the subregion achieve sustainable growth. ...

Khy Sovuthy
http://www.khmertimeskh.com/50106157/540m-mekong-project-endorsed/

Drainage system set for Battambang

The Ministry of Transport yesterday signed an agreement with a Chinese company to build a $9 million drainage system in Battambang town to reduce flooding. The project is being funded by aid provided by the Asian Development Bank for the greater Mekong subregion, which includes $44 ...

Sen David
http://www.khmertimeskh.com/50105455/drainage-system-set-for-battambang/

Economy to grow at 6.9 percent in 2018, NBC

The economy will grow by 6.9 percent this year, according to projections from the National Bank of Cambodia (NBC), spurred by the robust performance of the tourism, construction and garment sectors. ...

May Kunmakara
http://www.khmertimeskh.com/50101290/economy-grow-6-9-percent-2018-nbc/

ADB signs $180M in loans to Cambodia

The Asian Development Bank (ADB) yesterday signed a $180 million package of loans and grants to Cambodia that are meant to improve the country’s roads, water supply and small-scale farms. One $70 million loan will go towards improving 147-kilometres’ worth of flood-prone stretches of National Road ...

Hor Kimsay and Brendan O’Byrne
http://www.phnompenhpost.com/business/adb-signs-180m-loans-cambodia

Farming project gets extension, $66M

The government and international funders have committed a further $66 million to a project to increase small farmers’ productivity, after yesterday claiming success in the program’s initial seven-year period. ...

Cheng Sokhorng
http://www.phnompenhpost.com/business/farming-project-gets-extension-66m

UN pledges $8 million to ECCC

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.   ...

Ros Chanveasna
http://www.khmertimeskh.com/5098129/un-pledges-8-million-eccc/

Panel calls for strong measures against Cambodian government

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. ...

Leonie Kijewski
http://www.phnompenhpost.com/national-politics/panel-calls-strong-measures-against-cambodian-government

Urbanisation brings opportunities, challenges

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. ...

Sum Manet
http://www.khmertimeskh.com/5097220/urbanisation-brings-opportunities-challenges/

World Bank says more needed to end poverty in Kingdom

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. ...

Robin Spiess
http://www.phnompenhpost.com/business/world-bank-says-more-needed-end-poverty-kingdom

Stung Treng airport awaits revamp by ADB

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). ...

Sum Manet
http://www.khmertimeskh.com/5089585/stung-treng-airport-awaits-revamp-adb/

Government plans to borrow $1.4B for 2018 national budget

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 ...

Cheng Sokhorng
http://www.phnompenhpost.com/business/government-plans-borrow-14b-2018-national-budget

Kampot seaport coming in 2019

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. ...

Chea Vannak
http://www.khmertimeskh.com/5085576/kampot-seaport-coming-2019/

ADB continues to support disaster management

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. ...

Sum Manet
http://www.khmertimeskh.com/5085159/adb-continues-support-disaster-management/

Economy still on track: World Bank

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. ...

Kali Kotoski
http://www.phnompenhpost.com/business/economy-still-track-world-bank

Economic changes needed, says ADB

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 ...

May Kunmakara
http://www.khmertimeskh.com/5084612/economic-changes-needed-says-adb/

Public transport a priority: WB

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, ...

Chea Vannak
http://www.khmertimeskh.com/5084611/public-transport-priority-wb/

ADB offers $70M loan to improve transportation

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.​ ...

Kali Kotoski
http://www.phnompenhpost.com/business/adb-offers-70m-loan-improve-transportation

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