Multilateral development assistance
Asian Development Bank (ADB)
ADB chief pledges continued support to Cambodia for socio-economic development
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. ...
The Cambodia Herald News Staff
http://bit.ly/1BvKheC
ADB provides US$67 mln in loan for three projects in Cambodia
Asian Development Bank (ADB) provided US$67 millions in loan to support and improve water supply, tourism and financial sectors in Cambodia. The loan agreement was signed Thursday between Aun Pornmoniroth, Cambodia’s Minister of Economy and Finance, and Eric Sidgwick, ADB Country Director for Cambodia. ...
The Cambodia Herald News Staff
http://thecambodiaherald.com/cambodia/adb-provides-us67-mln-in-loan-for-three-projects-in-cambodia-7889
ADB unveils 800 mln USD investment plan for Cambodia
The Asian Development Bank (ADB) announced Monday that it would provide over 800 million U.S. dollars in concessional finance to Cambodia over five years to support the Southeast Asian nation in economic development and poverty reduction. ...
Shanghai Daily News Staff
http://www.shanghaidaily.com/article/article_xinhua.aspx?id=255836
Cambodia gets 18-mln-USD ADB loan for ferry terminal development
The Asian Development Bank (ADB) has approved an 18-million-U.S. dollars loan to build a ferry terminal and other infrastructure in Cambodia’s southern Kampot province to open up new opportunities for tourism, the bank said on Tuesday. ...
Global Post News Staff
http://www.globalpost.com/dispatch/news/xinhua-news-agency/141125/cambodia-gets-18-mln-usd-adb-loan-ferry-terminal-development
Donors meet over new civil servant per diems
Cambodia’s international donors met Tuesday to decide whether they will comply with the government’s recent move to increase the per diem that civil servants receive for attending work-related, out-of-office events. In July, Prime Minister Hun Sen signed off on a sub-decree raising the Daily Subsistence Allowance ...
Paula Brito
http://www.cambodiadaily.com/news/donors-meet-over-new-civil-servant-per-diems-72133/
Poor electricity and labor force hurting economy, report says
The World Bank and Asian Development Bank issued a report on Tuesday, urging Cambodia to improve its electricity supply and workforce in order to be competitive. Intermittent electricity, informal payments and a low-skill labor force are all major constraints to doing business in Cambodia, the ...
Heng Reaksmey
http://www.voacambodia.com/content/poor-electricity-and-labor-force-hurting-economy-report-says/2499227.html
Open economy needs new strategy for regional integration
Cambodia must do more than open its borders for trade and investment if it hopes to benefit from regional economic integration and reduce the glaring economic inequality wrought by entrenched patronage networks and corrupt institutions, according to a new report by the Asian Development Bank ...
George Styllis and Kang Sothear
http://www.cambodiadaily.com/business/open-economy-needs-new-strategy-for-regional-integration-71127/
ADB provides nearly 99 mln USD to Cambodia for 3 projects
The Asian Development Bank (ADB) on Monday signed to provide grant and loan agreements worth nearly 99 million U.S. dollars to Cambodia for three development projects, the bank said in a press statement. The agreements cover a rural roads improvement project, a technical and vocational ...
Xinhuanet News Staff
http://news.xinhuanet.com/english/world/2014-10/27/c_133746073.htm
ADB bidding in K Cham canceled as row erupts
Officials delayed the bidding process for three projects funded by the Asian Development Bank (ADB) on Wednesday after heated arguments between bidders broke out in Kompong Cham province’s Choeung Prey district, local officials said on Thursday. ...
Railway communities dissapointed with ADB's same response
People living along the railroads in Phnom Penh city has made another demonstration in front of ADB’s office in Cambodia for the third time. However, there was not any better response from ADB than the previous times. People affected by the railroad development project which ...
Ngem Sophal
http://www.khmer.rfi.fr/residents-in-rail-road-community-are-disappointed-with-adb-20-10-2014
ADB to help find answers for railway families
The Asian Development Bank (ADB) on Monday promised to help pry answers out of the government for residents of Phnom Penh who fear losing all or some of their land to a bank-funded project to rehabilitate the country’s railway network. ...
Aun Pheap
http://www.cambodiadaily.com/news/adb-to-help-find-answers-for-railway-families-70398/
Vocational training to get $30M ADB boost
The Asian Development Bank (ADB) announced last week a $30 million loan aimed at overhauling Cambodia’s technical and vocational education system (TVET). According to a September 26 statement issued by the ADB, the new funding will go towards launching a “competency-based” assessment and certification process, and ...
Eddie Morton
http://phnompenhpost.com/business/vocational-training-get-30m-adb-boost
ADB firms up growth prediction
The Asian Development Bank (ADB) has maintained its growth projections for Cambodia in 2014. The ADB’s midyear outlook for Cambodia, released yesterday, states that Cambodia’s economy still stands to achieve 7 per cent growth by the end of the year, and potentially 7.3 per cent in ...
Eddie Morton
http://phnompenhpost.com/business/adb-firms-growth-prediction
Hun Sen says business breeds bribes
Prime Minister Hun Sen yesterday defended his government, saying its reputation for corruption is undeserved, laying blame on the private sector for initiating the bribe process and calling out international development partners for applying double standards. Speaking at the Eighth Regional Conference of Anti-Corruption Intiative for ...
Chan Muyhong
http://phnompenhpost.com/business/hun-sen-says-business-breeds-bribes
ADB gives update on aid for railway families
The government has finished calculating the additional compensation it will pay out to some of the families forced to move for a $143 million railway rehabilitation project being funded mostly by the Asian Development Bank (ADB), according to a new report. The report, released this week ...
Zsombor Peter
http://www.cambodiadaily.com/news/adb-gives-update-on-aid-for-railway-families-67520/
Asia-Pacific region needs to join force to fight against corruption: Cambodian PM
Cambodian Prime Minister Hun Sen said Wednesday that countries and economies in Asia and the Pacific region needed to work together to fight against corruption. ...
Xinhuanet News Staff
http://news.xinhuanet.com/english/world/2014-09/03/c_133617623.htm
Railroad protesters lobby ADB
About 50 villagers who live near railway lines in Phnom Penh gathered outside the Asian Development Bank yesterday morning to again demand more detailed information about what will happen to them during forthcoming phases of a bank-funded railway rehabilitation project. ...
Khouth Sophak Chakrya and Kevin Ponniah
http://phnompenhpost.com/national/railroad-protesters-lobby-adb
Cambodia looks to be winner for growth for AEC: ILO
Cambodia stands to be the biggest beneficiary, in terms of GDP growth, for the first decade following ASEAN Economic Integration in 2015, according to a study released publicly today by the International Labour Organisation (ILO). The ILO’s 160-page report says Cambodia could see a 19.9 per ...
Eddie Morton and Daniel de Carteret
http://www.phnompenhpost.com/business/cambodia-looks-be-winner-growth-aec-ilo
ADB to support $118m rural road project in Cambodia
The Asian Development Bank (ADB) will provide nine poor rural provinces in Cambodia with year-round access to markets and social services through a 118 million U.S. dollars project to provide a safer, cost-effective rural road network, the bank said in a press statement on Monday. ...
Daily Times News Staff
http://www.dailytimes.com.pk/business/12-Aug-2014/adb-to-support-118m-rural-road-project-in-cambodia
Protesting families demand answers from ADB
Phnom Penh families who face losing a part of their land to a railway rehabilitation project being funded primarily by the Asian Development Bank (ADB) protested in front of the bank’s country headquarters Monday over what they say has been a lack of transparency about ...
Aun Pheap and Zsombor Peter
http://www.cambodiadaily.com/news/protesting-families-demand-answers-from-adb-66271/
Infrastructure in place for GMS economic corridors: ADB
Most of the infrastructure required for enhanced connectivity in the Greater Mekong Subregion has been put in place, particularly the transport links that form the base of the envisaged economic corridors, Bindu Lohani, vice president of the Asian Development Bank, said yesterday. He made the remark ...
The Nation News Staff
http://www.nationmultimedia.com/business/Infrastructure-in-place-for-GMS-economic-corridors-30240591.html
Cambodia is perfectly positioned to become a solar powerhouse
Phnom Penh’s first solar-powered building looks for all the world like a cube of colored Lego blocks dropped in a factory lot on the city’s industrial outskirts. Covered in some 1,350 solar panels — including large panes of multi-colored solar glass — the three-story building ...
Sarah Goodyear
http://nextcity.org/daily/entry/water-war-weapon-syria-cities
Urban planning needed: ADB
With a rapidly rising population exacerbating the country’s existing infrastructure, the Asia Development Bank (ADB) has highlighted in a new study the Cambodian government’s failure to install effective planning policies in its most densely populated urban centres. The ADB estimates that, driven by work opportunities and ...
Eddie Morton
http://www.phnompenhpost.com/business/urban-planning-needed-adb
ADB protest lands meeting, few results
About 60 residents from Phnom Penh and the provinces of Battambang, Banteay Meanchey and Preah Sihanouk who lost land or are in danger of losing land due to a railroad development project funded by the Asian Development Bank (ADB) protested outside its offices Thursday morning ...
Mech Dara
http://www.cambodiadaily.com/news/adb-protest-lands-meeting-few-results-62593/