Multilateral development assistance

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. ...

The Kampot Pier Project – a $10 million effort to attract tourists by building a passenger pier – could harm communities due to insufficient consultation, a new NGO report and community representatives claim. ...

A World Bank subsidiary will soon start training 2,000 farmers contracted to supply a leading Cambodian rice exporter on how to meet an international farming standard. ...

The International Monetary Fund says Cambodia’s young population compared with other regional countries will be a driving force for financial development and contribute to the emerging finance technology sector, or Fintech.  ...

Cambodia stands to benefit from an uptick in global and regional economic growth but will need to diversify its economy, improve infrastructure and reduce obstacles to doing business if it is to continue on its impressive growth track, a visiting International Monetary Fund (IMF) official ...

The government signed concessional loan agreements with development partners – both bilateral and multilateral – amounting to about $8.3 billion from 1993 to the end of 2016, official figures show.​   ...

Cambodia’s national debt stood at $5.8 billion at the end of 2016, totalling nearly a third of GDP, according to the latest debt bulletin released by the Ministry and Economy and Finance earlier this month. ...

Boeng Kak supporters on Tuesday said they were dismayed at the World Bank’s announcement of a new $100 million loan to the Cambodian government amid ongoing harassment and jailings of land rights activists. ...

The US government has pulled any future funding from the United Nations Population Fund (UNFPA), a group focused on reproductive rights for women and girls, over claims it has practiced coercive abortions and involuntary sterilizations in China.   ...

The influx of Chinese economic assistance into Sri Lanka and Cambodia has raised questions regarding the intentions behind these massive loans. A 2016 International Monetary Fund report showed that Cambodia’s external multilateral public debt is now at US$1.6 billion, while its bilateral public debt with ...

Cambodia and the United Nations have vowed to find more funds to support the Extraordinary Chambers in the Courts of Cambodia, according to the Council of Ministers.   ...

The Ministry of Economy and Finance secured a $36.3 million concessionary loan from the UN’s International Fund for Agricultural Development (IFAD) program aimed at accelerating the production of small-scale agricultural products including rice, vegetables, potatoes, silk and livestock, according to a ministry release yesterday. ...

In light of global predictions of a slowdown in economic markets, led largely by China’s slackening growth, the International Monetary Fund (IMF) yesterday offered Cambodia advice on short and longer term measures to help maintain growth. It also warned that the country’s rapid credit growth ...

The Asian Development Bank has approved a $45 million loan for Cambodia to overhaul its upper secondary education in order to address the increased demand for skilled workers. ...

Cambodia could receive over $1 billion in developmental aid and grant funding from the Asian Development Bank (ADB) in the coming four years as the multilateral financial institution consolidates its lending arms and scales up operations across the region – a move that some analysts ...

As rice farmers struggle to cope with the aftereffects of one of the worst droughts in Cambodia’s recent history and moribund infrastructure makes it difficult to transport and sell their products across the country, universities here and in the United States are joining forces to ...

Tourism Ministry officials held a meeting yesterday to discuss a project to develop a tourist port in Kampot province and a planned drainage system for Kep’s Crab Market – two tourism infrastructure projects backed by the Asian Development Bank (ADB). ...

An International Monetary Fund (IMF) mission from Washington, D.C., headed by Sonali Jain-Chandra, visited Cambodia from July 6 to July 20, 2016 to conduct the annual Article IV staff discussions.   ...