Asian Development Bank (ADB)

The Asian Development Bank’s (ADB) Board of Directors has approved a $90 million loan to help Cambodia strengthen climate resilience and modernize the agriculture sector using advanced technologies. The project will boost the climate resilience of critical agricultural infrastructure while helping improve the competitiveness of ...

The Asian Development Bank (ADB) has committed over $2.8 billion in lending, grants, and technical assistance to Cambodia since 1966, making it the country’s largest multilateral development partner. The development bank issued a report yesterday that puts its total contribution to Cambodia at $2.86 billion over ...

The economy will grow at a rate of 6.9 percent in 2018, according to the latest report from the World Bank. Other international financial institutions have issued similar forecasts this month, with the Asian Development Bank (ADB) and the International Monetary Fund (IMF) putting national ...

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 ...

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. ...

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. ...

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. ...

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. ...

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 ...

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. ...

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 ...

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. ...

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 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 ...

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. ...

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 ...

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.​ ...

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. ...

Agriculture ministers in the Greater Mekong Subregion (GMS) on Friday endorsed a five-year strategy and action plan to build a region-wide food safety system. ...

While tariffs across the Asia-Pacific region have dropped over the last 20 years as a result of bilateral and multilateral trade agreements, nontariff barriers such as red tape and quotas continue to hinder the economic growth of Cambodia and other countries in the region, the ...

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. ...