World Bank

Cambodia is set to receive a $274 million credit from the World Bank (WB) “to promote a resilient recovery from the recent economic shocks” stemming from ongoing geopolitical competition among major powers and the Covid-19 crisis, more than two years on from the start of ...

Cambodia’s GDP growth is estimated to reach 4.8% this year, and continue rising for the next two years while remaining below pre-pandemic levels, and inflation may hit 6%, more than double the rates of the last two years, the World Bank said. ...

The World Bank has approved $113 million in new financing to improve access to quality healthcare in Cambodia focusing on poor and vulnerable people and supporting effective responses to health crises. ...

The World Bank approved $113 million in new financing to improve access to quality health care in Cambodia. ...

The blow to Cambodia’s economy from the COVID-19 pandemic was among the most pronounced in East Asia, but the country can regain sustained economic growth by increasing productivity among firms and workers, diversifying exports, and taking steps to boost domestic investment, the World Bank says ...

The World Bank and International Development Association yesterday approved US $69.25 million to help Cambodia improve equitable access to basic education and respond rapidly to crises affecting the education system. ...

The Ministry of Public Works and Transport has asked the World Bank to continue strengthening bilateral cooperation and close partnership through technical assistance to improve the capacity of officials and help in developing and improving Cambodia’s infrastructure sector. ...

The World Bank has revised its economic forecast for Cambodia down to 2.2 per cent this year, from a higher expectation of four per cent in April amid a rapid rise in new daily coronavirus infections and deaths, spurred by the more transmissible Delta variant. ...

As megatrends affect the world of work, reshaping skills of workers will help to address mismatches and promote resilience. ...

ACLEDA Bank Plc has proposed a five-year, $200 million blended finance investment from the World Bank Group’s International Finance Corporation (IFC), disclosure documents reveal. ...

Cambodia’s economy will contract two per cent in 2020 before swiftly recovering to four per cent growth this year, the World Bank projects, citing effective government measures that respond to the specific needs of the most affected sectors – including tourism, garments and textiles, and ...

The World Bank has forecast a sharp contraction of negative two percent for the local economy this year, adding that Cambodia’s unfavourable growth outlook alongside disruptions to jobs and lower household incomes means poverty is likely to increase. ...

The World Bank has approved a $100 million credit from the International Development Association (IDA) to improve access to basic services and economic opportunities in Cambodia. ...

The World Bank has approved  $93 million credit from the International Development Association (IDA) for the Cambodia Land Allocation for Social and Economic Development Project III (LASED III). The project will help improve land tenure security and access to infrastructure and agricultural and social services ...

Cambodia is to join the ranks of declining overseas worker remittances this year after the World Bank projected global remittances will decline sharply by about 20 percent in 2020 because of the economic crisis induced by the COVID-19 pandemic and consequent business shutdowns ...

The World Bank has warned that the significant growth recorded in the construction and real-estate sector, considered one of the country’s economic pillars, could ultimately affect overall growth due to a trinity of unanticipated and now negative factors. ...

The World Bank has approved $20 million for Cambodia’s Covid-19 response and its strategic plan to combat the virus. ...

Impending COVID-19 health measures and high levels of micro debt pose a serious concern for the approximately 2.4 million Cambodians with a combined outstanding debt of $8 billion, according to a World Bank report released this week. ...

The World Bank has released several urgent recommendations to Cambodia and other countries in the East Asia Pacific, stating governments need to act quickly, cooperatively and at scale to avoid serious financial shock and recession due to the COVID-19 outbreak. ...

Cambodia’s GDP growth this year could drop to its lowest rate in more than a decade, the World Bank projects, with some economic experts warning that the country’s reliance on international markets could slow recovery. ...

The World Bank has approved two complementary grants totalling $7.67 million to support social accountability in key public services such as health centres, primary schools, and local administrations in 10 provinces in Cambodia. ...

The latest release of the World Bank’s ease of doing business index puts Cambodia in the 144th spot out of 190 countries, a drop of six places from a year ago. The 2019 ease of doing business index ranked the Kingdom 138th out of 190 ...

Cambodia’s construction sector continues to grow given the gradual increase of investments in the sector and large imports of construction materials into the country, according to the latest report released on Thursday by the World Bank. The World Bank’s East Asia and Pacific Economic Update predicted ...

Due to the rapid growth of the Kingdom’s coastal city of Sihanoukville, the amount of rubbish being produced daily has skyrocketed from just 100 to 200 tonnes per day in 2015 to a staggering 1,000 tonnes today, prompting Preah Sihanouk’s governor to request World Bank ...