Multilateral development assistance

Asian Development Bank (ADB) has approved a $ 82 million loan to improve 48 km of national and provincial roads in Prey Veng and Kandal provinces to promote economic development through the Greater Mekong Subregion Economic Corridor.   ...

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. ...

UNDP urges people and businesses to use organic waste as compost to avoid dumping it in the littering field, which creates greenhouse gases that harm the environment and the planet.   ...

Cambodia will receive about $240 million out of the International Monetary Fund’s (IMF) largest-ever distribution of Special Drawing Rights (SDR), equivalent to some $650 billion, which came into effect on August 23. ...

The International Monetary Fund (IMF) has approved a $240 million grant to Cambodia to rehabilitate its economy and recover from the affects of the Covid-19 pandemic. ...

The Asian Development Bank (ADB) in Cambodia affirmed that its development strategy is in line with that of the Cambodian government. ...

Minister of Foreign Affairs and International Cooperation Prak Sokhonn made statements regarding responses to global challenges and Cambodia’s stance on multilateralism at the mid-term Ministerial Conference of the Non-Aligned Movement (NAM) held virtually on July 13-14 under the sponsorship of the Republic of Azerbaijan’s Baku ...

Leaders in the region and beyond must advance various forms of bilateral and multilateral cooperative relations, and join hands to create meaningful traction in economic recoveries for when the spread of the novel coronavirus eases to a significant enough degree, according to Prime Minister Hun ...

As megatrends affect the world of work, reshaping skills of workers will help to address mismatches and promote resilience. ...

The Asian Development Bank (ADB) has projected that the Cambodian economy will grow by 4 percent this year and 5.5 percent next year, led by a robust recovery of its major trade partners. ...

Khmer Enterprise (KE) and the UN Development Programme (UNDP) have formed a strategic partnership to give a boost to the operational development of the Kingdom’s e-commerce sector and small and medium-sized enterprises (SME), according to a May 11 joint press release. ...

Cambodia’s economy is forecast to grow 4.0 per cent this year and 5.5 per cent in 2022, as economic recoveries in major trading partners boosts demand for the Kingdom’s exports, according to an Asian Development Bank (ADB) report released on April 28. ...

THE International Monetary Fund’s (IMF) World Economic Outlook prediction that the globe will recover at vastly uneven levels has been brought into sharp focus in light of recent lockdowns in Cambodia. ...

International Monetary Fund (IMF) managing director Kristalina Georgieva on April 7 said the Cambodian economy is expected to grow 4.2 percent this year, following a 3.5 percent contraction in 2020, but cautioned that local governments around the world should proceed with prudential policies and proactive ...

ACLEDA Bank Plc has proposed a five-year, $200 million blended finance investment from the World Bank Group’s International Finance Corporation (IFC), disclosure documents reveal. ...

Digital platforms and other technology-based tools are providing new growth opportunities for businesses of all sizes and across all industries in Asia and the Pacific (including Cambodia). ...

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 ...

The Asian Development Bank (ADB) has outlined that the government needs to continue investing in its people through the widening of parameters for programmes such as ID Poor and upskilling workers transitioning into new sectors to achieve a post-pandemic economic recovery. ...

On December 17, several government ministries called an emergency meeting with major aid organisations and partner nations about a procurement plan for Covid-19 vaccines and plans for implementing a vaccination programme. ...

The Asian Development Bank (ADB) has approved a $70 million in loan to improve the capacity of agribusinesses in six provinces across Cambodia to process key agricultural products. ...

Asian Development Bank (ADB) has adjusted its medium-term outlook for Cambodia’s economy, projecting that it will contract by 4 percent by the end of the year.  ADB’s previous outlook had projected that the national economy would decline by 5.4 percent compared with last year, as ...

The Asian Development Bank (ADB) has approved a $70 million loan to improve the capacity of agribusinesses in six provinces across Cambodia to process key agricultural products such as cassava, cashews, mangoes, vegetables, and poultry. ...

The International Monetary Fund (IMF) says closer cooperation between statistics-producing agencies in Cambodia is “essential” to improve the quality of macroeconomic statistics. ...

Strengthening the dynamics of micro, small, and medium enterprises (MSMEs) with innovation and internationalisation will be key to revitalising Southeast Asian economies devastated by Coronavirus, according to a new report from the Asian Development Bank (ADB). ...