Aid and development

The World Bank’s private sector arm may be doing more harm than good when it invests in private equity firms, banks and other financial intermediaries, global development group Oxfam said in a report on Wednesday. In one project indirectly sponsored by the bank’s International Finance Corporation ...

Cambodia inaugurated a 1.73-km Mekong River bridge, along with a 143-km road, here on Wednesday in a bid to boost economic development and reduce poverty in this far northeastern region. ...

After a kickoff ceremony last Wednesday, a five-year development project in 30 villages, funded and supervised by South Korea’s International Cooperation Agency (KOICA) begins work this week.​ ...

The Japanese government on Monday awarded nearly US$230 million in grant aid and loans to Cambodia. The loans are for a city transmission and distribution system expansion project in Phnom Penh and improvement of National Road No. 5, linking Phnom Penh and the Thai border. ...

At the edge of a sand-filled Boeng Kak lake in Phnom Penh on Friday, Prime Minister Hun Sen inaugurated the country’s newest—and largest—mosque, which was privately funded by a Dubai-based businessman at a cost of $2.9 million. ...

A lack of capital is the main obstacle for Cambodia to expedite connectivity development and the Southeast Asian country hopes that the Asian Infrastructure Investment Bank (AIIB) and the Silk Road Fund will fill the shortage, a spokesman said. ...

China’s newly proposed, yet controversial, regional investment bank could be an opportunity for Cambodia to​ prove it can use foreign aid more effectively, a Cambodian Fulbright scholar says. ...

A United Nations development agency will open a new office in Phnom Penh following a meeting yesterday with Minister of Foreign Affairs Hor Namhong, an official has said. ...

The president of the Asian Development Bank says a proposed Chinese-led regional bank is a potential partner instead of a rival and the ADB is talking with Beijing to share its experience. Takehiko Nakao’s comments came after Washington softened its opposition to the Chinese-proposed Asian Infrastructure ...

After admitting there were “major problems” with its resettlement projects earlier this month, the World Bank has come under fire from Boeung Kak lake residents in a new report from a human rights group. The report by the International Accountability Project (IAP), titled Back to Development, ...

Cambodian Prime Minister Hun Sen said Wednesday that the China-proposed Asian Infrastructure Investment Bank (AIIB) is very attractive to rich countries, particularly in Europe. The prime minister’s remarks came after Germany, France and Italy followed the suit of Britain in deciding to join AIIB as founding ...

Cambodian Prime Minister Hun Sen on Wednesday broke ground for the construction of a 174-kilometer national road No. 58 under Chinese financial support. Road No. 58 stretches from Banteay Meanchey province, which shares an international border with Thailand, to neighboring Uddor Meanchey province to the ...

About 100 villagers from Boeng Chhouk village in Phnom Penh’s Russei Keo district blocked officials and workers on Tuesday from bringing in heavy machinery to begin work on a road expansion that would destroy some of their homes.   ...

Italy’s Ministry of Economy and Finance has confirmed the country’s intention to become a member of the China-led Asian Infrastructure Investment Bank (AIIB), despite pressure from the US on its western allies not to join. ...

Prime Minister Hun Sen on Monday returned from an international disaster management conference in Japan, where he secured a promise from Japanese Prime Minister Shinzo Abe to help Cambodia with voter registration once new election laws come into effect, an official said. ...

For months, the Obama administration has been putting pressure on its allies, such as Australia, Japan and South Korea, not to join the Asia Infrastructure Investment Bank (AIIB), which Washington sees as a potential rival to the World Bank and Asian Development Bank, which are ...

The European Union yesterday pledged an additional €6 million to the Cambodia Climate Change Alliance Programme, as the 10-year plan, first implemented in 2010, entered its second phase of development. ...

Asian Development Bank (ADB) President Takehiko Nakao said here Tuesday that Cambodia is on the verge of transforming from a low-income to a middle-income country. The middle-income nation is defined by the GDP (gross domestic product) per capita between 1,045 U.S. dollars and 12,746 U.S. ...

ប្រធាន​ធនាគារ​អភិវឌ្ឍន៍​អាស៊ី​ដែល​មក​ធ្វើ​ទស្សន​កិច្ច លោក តាកេហ៊ីកុ ណាកាវ (Takehiko Nakao) បាន​មាន​ប្រសាសន៍​កាលពី​ថ្ងៃ​អង្គារ​ថា នឹង​មិន​មាន​ប្រាក់​ថែមទៀត​ពី​ធនាគារ​នេះ​ដើម្បី​បញ្ចប់​គម្រោង​ដែល​ជាប់​ គាំង​និង​ក្ស័យធន ដើម្បី​ស្ថារ​បណ្តាញ​ផ្លូវ​ដែក​ចាស់​របស់​ប្រទេស​កម្ពុជា គឺ​គម្រោង​មាន​ទឹក​ប្រាក់​១៤២​លាន​ដុល្លារ ដែល​ត្រូវ​គេ​ចាត់​ទុក​ថា​ជា​ការ​ផ្តួចផ្តើម​ហេដ្ឋា​រចនា​សម្ព័ន្ធ​ដ៏​ សំខាន់។ ...

Asian Development Bank (ADB) President Takehiko Nakao on Tuesday pledged to provide continued support to Cambodia for socio-economic development, a Cambodian spokesman said. He said the nation’s poverty rate had fallen from 53 percent in 2004 to 18 percent in 2014. ...

Business has been encouraged to have more input into the allocation of donor money spent on projects aiming to boost trade in the Kingdom. Speaking during a panel discussion yesterday at a conference on government-private sector partnership, representatives from both government and development agencies said the ...

About 50 people with claims to land being developed in Phnom Penh’s Chroy Changva peninsula protested in front of City Hall on Monday and delivered a petition on behalf of more than 100 families demanding intervention in their dispute with the Overseas Cambodia Investment Corporation ...

UNESCO and the Ministry of Education on Monday launched a two-month joint campaign to raise the adult literacy rate to 84.4 percent by the end of the year by airing television and radio spots to encourage enrollment in after-school literacy classes. ...

The leaders of Japan and five Southeast Asian countries along the Mekong River plan to craft a new strategy in July for Tokyo to contribute to sustainable development of the Mekong region beyond 2015, a senior Japanese official said Thursday. “Taking this opportunity from this ...