Multilateral development assistance

Research from Cambodian urban NGO Sahmakum Teang Tnaut (STT) has found that Phnom Penh is failing a large number of its inhabitants by falling far below minimum UN standards for open public spaces. SST warns that the situation “will have negative consequences” unless planners begin ...

The Asian Development Bank (ADB) forecasts that Cambodia’s gross domestic product (GDP) will grow by 7 percent in 2018 and 2019, backed by strong export growth, robust tourist arrivals, buoyant domestic demand, and an expansionary fiscal policy. ...

The National Bank of Cambodia (NBC) and the International Monetary Fund on Thursday held a conference to discuss the next steps in Cambodia’s economic development. ...

A new partnership with the Food and Agriculture Organisation of the United Nations seeks to enhance the quality of local meat by modernising facilities and raising hygiene standards, with a pilot project launched in Takeo in November.​ ...

Cambodia’s global logistics performance ranking dropped 25 spots to 98th this year after achieving a commendable 73rd in 2016, the World Bank’s Logistics Performance Index (LPI) said, but local experts questioned the lack of clarity on the ranking slip. ...

Cambodian students from grade 1 to 12 will begin studying basic financial skills starting in the 2019 academic year as the National Bank of Cambodia (NBC) is now finalising the curriculum. NBC director-general Chea Serey said Thursday that the new curriculum would help boost the ...

The National Bank of Cambodia (NBC) said in its mid-year report the country’s real economic growth will average seven percent this year, with strong contribution from the agricultural, industrial and services sectors. ...

The Cambodian government and the World Bank yesterday signed two agreements in Phnom Penh to implement two key investment projects worth a total of $200 million. The Higher Education Institutions Capacity Improvement Project (HEICP) and Second Road Asset Management Project (RAMP II) were approved by ...

Cambodia on Wednesday (July 4) reopened the final stretch of a railway running from the capital, Phnom Penh, to the border with neighbouring Thailand, the first time the line has been operational in 45 years. ...

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 World Bank is to lend Cambodia $110 million interest-free to restore the key national highway linking Phnom Penh to the country’s only deep-sea port. The loan was approved last week by the bank’s board of executive directors under the Road Asset Management Project II. ...

Cambodia’s economic health remains strong at about 6 or 7 percent annual growth, but the country needs to harness its young population and invest in training and skills to ensure this trend continues, the World Bank said. ...

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. ...

The UN Food and Agriculture Organisation (FAO) is forecasting that 44 percent of Cambodia’s total rice exports will be smuggled out of the country through informal channels this year, a persistent problem that weighs down profits and threatens to cripple the industry. ...

Cambodia should continue to see steady economic growth at about 7 percent this year despite potential investor caution that could arise ahead of July’s national election, officials from the Ministry of Economy and Finance (MEF) said on Wednesday. ...

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. ...

The Transport Ministry said yesterday it has asked the World Bank for a $110 million loan to upgrade National Road 4. Speaking after a signing ceremony with a Chinese company to repair two other national roads, Transport Minister Sun Chanthol said the ministry and the World ...

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. ...