Aid and development
Multilateral development assistance
Economy to grow at 6.9 percent in 2018, NBC
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. ...
May Kunmakara
http://www.khmertimeskh.com/50101290/economy-grow-6-9-percent-2018-nbc/
ADB signs $180M in loans to Cambodia
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 ...
Hor Kimsay and Brendan O’Byrne
http://www.phnompenhpost.com/business/adb-signs-180m-loans-cambodia
Farming project gets extension, $66M
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. ...
Cheng Sokhorng
http://www.phnompenhpost.com/business/farming-project-gets-extension-66m
UN pledges $8 million to ECCC
The United Nations will provide a $8 million subvention to support the 2018 operations of the Khmer Rouge tribunal, which is tasked with the prosecution of the country’s former Khmer Rouge commanders. ...
Ros Chanveasna
http://www.khmertimeskh.com/5098129/un-pledges-8-million-eccc/
Panel calls for strong measures against Cambodian government
Politicians and civil society members in New York called on the United Nations to take harsh measures to restore democracy in Cambodia during a panel on Tuesday, even recommending leaving Cambodia’s seat at the UN empty and putting senior ruling party officials on a blacklist. ...
Leonie Kijewski
http://www.phnompenhpost.com/national-politics/panel-calls-strong-measures-against-cambodian-government
Urbanisation brings opportunities, challenges
Rapid urbanisation in Phnom Penh in the past decade has created jobs and reduced poverty, but better urban planning, management and infrastructure are needed to avoid further sprawl, congestion and pollution, according to a new World Bank report released yesterday. ...
Sum Manet
http://www.khmertimeskh.com/5097220/urbanisation-brings-opportunities-challenges/
World Bank says more needed to end poverty in Kingdom
Cambodia may have reduced its levels of extreme poverty to the single-digits, but its middle class is nearly nonexistent and approximately half of its population remains highly susceptible to economic shocks, according to a World Bank report released yesterday. ...
Robin Spiess
http://www.phnompenhpost.com/business/world-bank-says-more-needed-end-poverty-kingdom
Stung Treng airport awaits revamp by ADB
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). ...
Sum Manet
http://www.khmertimeskh.com/5089585/stung-treng-airport-awaits-revamp-adb/
Government plans to borrow $1.4B for 2018 national budget
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 ...
Cheng Sokhorng
http://www.phnompenhpost.com/business/government-plans-borrow-14b-2018-national-budget
Kampot seaport coming in 2019
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. ...
Chea Vannak
http://www.khmertimeskh.com/5085576/kampot-seaport-coming-2019/
ADB continues to support disaster management
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. ...
Sum Manet
http://www.khmertimeskh.com/5085159/adb-continues-support-disaster-management/
Economy still on track: World Bank
Despite better than predicted overall growth for global economies, the World Bank has slightly downgraded its 2017 forecast for Cambodia due to wage and price concerns in the Kingdom’s the garment industry as well as uncertainty surrounding next year’s national election. ...
Kali Kotoski
http://www.phnompenhpost.com/business/economy-still-track-world-bank
Economic changes needed, says ADB
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 ...
May Kunmakara
http://www.khmertimeskh.com/5084612/economic-changes-needed-says-adb/
Public transport a priority: WB
As the urban population continues to grow at rate of 2.6 percent per year, improving public transport and coming up with detailed urbanisation plans should be top priorities for authorities in Phnom Penh, as well as for other urban centres, including Sihanoukville and Siem Reap, ...
Chea Vannak
http://www.khmertimeskh.com/5084611/public-transport-priority-wb/
ADB offers $70M loan to improve transportation
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. ...
Kali Kotoski
http://www.phnompenhpost.com/business/adb-offers-70m-loan-improve-transportation
$50m boost for farming
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. ...
Sonny Inbaraj Krishnan
http://www.khmertimeskh.com/5083836/50m-boost-farming/
ADB stays hopeful on forecast for Kingdom
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. ...
Kali Kotoski
http://www.phnompenhpost.com/business/adb-stays-hopeful-forecast-kingdom
$64b GMS action plan
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. ...
Sum Manet
http://www.khmertimeskh.com/5083528/64b-gms-action-plan/
Region backs safe food strategy
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. ...
Chea Vannak
http://www.khmertimeskh.com/5082183/region-backs-safe-food-strategy/
Nontariff barriers continue to hinder regional trade
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 ...
Kali Kotoski
http://www.phnompenhpost.com/business/nontariff-barriers-continue-hinder-regional-trade
Cambodia’s loss of LDC status will bring challenges: World Bank
As Cambodia continues its upward trajectory towards becoming a lower-middle-income country, it will face even greater challenges in reducing high levels of poverty as the Kingdom loses its preferential trade privileges and donor funding dries up, according to a new World Bank report. ...
Kali Kotoski and Hor Kimsay
http://www.phnompenhpost.com/business/cambodias-loss-ldc-status-will-bring-challenges-world-bank
Commune chief ordered to repair ADB-funded road
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. ...
Pav Suy
http://www.khmertimeskh.com/5077496/commune-chief-ordered-repair-adb-funded-road/
Construction of international tourism port on the way
Cambodia has finalised architectural plan and design for the country’s first-ever international tourism port and been proceeding cost estimation and construction – thanks to the loan from the Asian Development Bank (ADB). ...
Mom Chandara Soleil
http://www.akp.gov.kh/?p=106465
World Bank commits $540 million to Cambodia
The World Bank will disburse some $540 million from 2018 to 2021 to finance economic development in Cambodia with a focus on supporting the implementation of the government’s Industrial Development Policy as well as other socio-economic projects. ...
May Kunmakara
http://www.khmertimeskh.com/5073984/world-bank-commits-540-million-cambodia/