Aid and development

World Bank has approved $275 million for Cambodia’s growth. This is the second tranche to boost the country’s economy after the Covid-19 pandemic. The first tranche was in 2022, when the World Bank approved $274 million for Cambodia’s Growth and Resilience Development Policy Financing. ...

The bank said in a news release that over 113,000 people in Cambodia are expected to benefit from better water supply infrastructure following the approval on June 21 of a new World Bank-supported project. ...

More than 3.2 million people in Cambodia, including 1.5 million children, have been given access to clean water, inclusive education, improved nutrition and accessible health care services, according to World Vision International in Cambodia’s annual report. ...

Heng Sour, Minister of Labour and Vocational Training of Cambodia met Miyazaki Masahisa, Minister of Labour and Welfare of the Kingdom of Japan in Geneva, Switzerland on Monday to discuss means to further strengthen the bilateral in the field of labour. ...

The Asian Development Bank (ADB) has provided approximately $4.8 billion for 207 development activities in Cambodia as of December 31, 2023, significantly contributing to the country’s socio-economic progress since its first loan in 1970. ...

The Asian Development Bank (ADB) announced in a news release on Wednesday that it has committed approximately $1.26 billion to support the Cambodian government from 2024 to 2028. ...

After the successful establishment of 30 model villages, the Ministry of Rural Development is preparing to collect information on the status of other villages to create an additional 250 by the end of the seventh mandate in 2028, aiming to help develop infrastructure and provide ...

The World Bank approved an additional $79.5 million to enhance education quality and access in Cambodia. ...

The World Bank’s Board of Executive Directors has approved an additional $79.5 million for the expansion of ongoing activities aimed at improving access to quality education throughout Cambodia. ...

Igor Driesmans, Ambassador of the European Union (EU) to Cambodia, in a meeting with National Assembly (NA) President Khuon Sudary, expressed his firm belief for enhanced cooperation between the NA and the European Parliament (EP). ...

Cambodia’s inflation will remain stable this year at 2.3 percent, marginally up from 2.1 percent for 2023, generally in line with other parts of Asia and the Pacific, said the IMF Regional Economic Outlook April 2024. ...

Donors and the Asian Development Bank (ADB) have agreed to replenish $5 billion for its Asian Development Fund (ADF) and its Technical Assistance Special Fund. ...

The International Monetary Fund (IMF) in its World Economic Outlook for April 2024 revealed Cambodia’s new GDP figures by taking 2014 as the base year for the calculations instead of 2000, showing the economy 35 percent larger than previous GDP calculations indicated. ...

The Ministry of Labor and Vocational Training hosted the second Mekong Dialogue on labor mobility on April 26, chaired by Hou Vuthy, Secretary of State of the Ministry of Labor. ...

Women get paid 11 percent less than men when working in the public sector, said a recent World Bank report. ...

Australia is supporting the Royal Government of Cambodia to meet her goal on clean water access by 2030, reaffirmed the Australian Embassy in Phnom Penh in a news release. ...

The United States, as part of its ongoing commitment to help Cambodia achieve its objective of becoming a country free of landmines by 2025, has increased its financial assistance for the Kingdom’s mine clearance activities. ...

Khmer Enterprise (KE) hosted an event on April 5,2024 to hand over grants for 38 startups and small and medium enterprises (SMEs) to support them to stabilize their business, strengthen operations and enhance their export potential. ...

The Ministry of Economy and Finance (MEF) in collaboration with Climate Investment Funds (CIF) and the Asian Development Bank (ADB) is co-hosting a four-day international forum aimed at exchanging experiences to address climate change, sustainable forestry and nature-based solutions in the Asia-Pacific region. ...

The World Bank forecast Monday that GDP in Cambodia and the Philippines would expand by 5.8 percent this year, making the two countries the fastest growing developing economies in Southeast Asia. ...

The Minister of Water Resources and Meteorology received a senior World Bank delegation to exchange lessons learned from on-going water and irrigation projects to improve the implementation of a new one. ...

In a major push for socioeconomic development and generating more job opportunities, the Royal Government of Cambodia (RGC) earmarked a three-year rolling plan for the Public Investment Programme (PIP) to complete 617 projects at the cost of $11.69 billion. ...

The World Bank has approved an additional 35 million U.S. dollars credit to Cambodia for improving climate-resilient rural roads in three provinces, its press release said on Saturday. ...

The World Bank (WB) has approved an additional $35 million of financing projects which will improve the quality of rural roads in Kratie, Kampong Cham and Tbong Khmum provinces. It is expected that the work will improve the lives of more than two million people ...