Aid and development

Japan has provided more than $300,000 to aid the government in its construction of a road and three hospitals in four provinces. The $329,736 grant was signed at the Japanese embassy yesterday by the Japanese ambassador, the director of the Preah Vihear provincial department of public ...

Sweden said yesterday it was stopping new aid for Cambodia, except in education and research, and would no longer support a reform programme after the CNRP was dissolved last week. ...

The Chinese Embassy donated equipment to the Cambodian Mine Action Authority (CMAA) yesterday, marking the beginning of a new pledge to become a top donor to the sector, following the withdrawal of US funds.​ ...

The United States announced on Friday it was ending funding for the election, and promised more “concrete steps”, after the Supreme Court dissolved the Cambodia National Rescue Party (CNRP) at the request of the government, on the grounds it was plotting to seize power. ...

Prime Minister Hun Sen yesterday brushed aside any potential concern over the US cutting funding to the country over the recent dissolution of the opposition CNRP prior to next year’s general election. ...

Russia will send observers to the Kingdom for the upcoming national elections and has pledged to sit down to discuss Cambodia’s outstanding debt, a move that analysts yesterday saw as a sign of solidarity between two governments increasingly out of favour with the West. ...

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). ...

The United States has cut funding next year for the Cambodian Mine Action Centre following months of criticism from Prime Minister Hun Sen’s government of America’s war legacy in the Kingdom. ...

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 ...

The Japanese government on Friday granted $3.2 million to Cambodia through the World Food Programme to provide meals to students in vulnerable communities. ...

Japan has pledged to continue providing aid to Cambodia, including support to prepare for the general election next year. Foreign Affairs Minister Prak Sokhonn yesterday met with Iwao Horii, the Japanese vice-minister of foreign affairs. ...

A senior Defence Ministry official said yesterday that the United States had provided financial assistance to its own organisations and to NGOs to carry out anti-Cambodian government activities. ...

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. ...

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. ...

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. ...

The government has borrowed $732.06 million in the form of concessional loans from development partners (DPs), amounting to 74.83 percent of the debt ceiling of Special Drawing Rights (SDR) approved by the National Assembly last year, according to the latest report on Cambodia’s public debt. ...

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 ...

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, ...

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.​ ...

Cambodia will today receive about $35 million in aid from the Japanese government to fund the reconstruction of seven bridges in flood-prone areas. ...

The Japan International Cooperation Agency has signed an agreement with the Institute of Technology of Cambodia to strengthen engineering education and research for industrial development. ...

The Asian Development Bank approved $50 million in additional financing to help boost agricultural productivity and improve smallholder farmers’ access to markets in 271 communes in the Tonle Sap basin, which is prone to natural calamities.​ ...

The Asian Development Bank (ADB) maintained its economic growth forecast for Cambodia at 7.1 percent for 2017 and 2018 buoyed by the strong performance of developing economies across Asia and the ongoing recovery of large industrial countries, according to a release yesterday. ...

Cambodia as a member of the six-nation Greater Mekong Sub-region (GMS) endorsed a five-year action plan framework that includes $64 billion in projects to help the sub-region achieve inclusive growth and sustainable development. ...