News

AIIB provides CFOCN $75M loan for fibre optic network

The Asian Infrastructure Investment Bank (AIIB), which is a Chinese initiative, has provided its first loan of $75 million to Cambodia Fiber Optic Communication Network Co Ltd (CFOCN) to improve the Kingdom’s internet speed and quality, an AIIB statement said. ...

Thou Vireak
https://www.phnompenhpost.com/business/aiib-provides-cfocn-75m-loan-fibre-optic-network

Cambodia holds back on AIIB loans

Cambodia has yet to set its loan application policies to borrow funds from the Asian Infrastructure Investment Bank (AIIB) because the country can still get highly concessional rates from development partners, Minister of Economy and Finance Aun Pornmoniroth said. ...

Sok Chan
http://www.khmertimeskh.com/news/38413/cambodia-holds-back-on-aiib-loans/

Cambodia eyes AIIB loan

Cambodia will begin applying for a loan from the newly established China-backed Asian Infrastructure Investment Bank (AIIB) from next year in response to the current need for infrastructure development. ...

May Kunmakara
http://www.khmertimeskh.com/news/34470/cambodia-eyes-aiib-loan/

ADB to muscle up its lending with pledge of $1B

Cambodia could receive over $1 billion in developmental aid and grant funding from the Asian Development Bank (ADB) in the coming four years as the multilateral financial institution consolidates its lending arms and scales up operations across the region – a move that some analysts ...

Kali Kotoski
http://www.phnompenhpost.com/business/adb-muscle-its-lending-pledge-1b

AIIB urged to fast-track loans

Cambodia’s Minister of Economy and Finance last week made a request to a visiting senior official from the Asian Infrastructure Investment Bank (AIIB) to speed up loan approvals for least development countries (LDCs) in order to spur infrastructure development. Aun Pormoniroth made the request to AIIB ...

May Kunmakara
http://www.khmertimeskh.com/news/28195/aiib-urged-to-fast-track-loans/

With AIIB, nation diversifies funding options

Though it’s extremely early days, experts this week welcomed Cambodia’s membership to the nascent China-led Asian Infrastructure Investment Bank (AIIB), saying it would provide much-needed diversity of funding for the nation’s infrastructure and connectivity needs. ...

Tej Parikh
https://www.cambodiadaily.com/news/with-aiib-nation-diversifies-funding-options-105893/

Minister confirms purchase of shares in China-led Development Bank

The government will spend $62.3 million to buy 623 shares of the China-led Asian Infrastructure Investment Bank (AIIB), paving the way for it to obtain funds from the bank for infrastructure development, Minister of Economy and Finance Aun Porn Moniroth confirmed during a meeting at ...

May Kunmakara
http://www.khmertimeskh.com/news/19054/minister-confirms-purchase-of-shares-in-china-led-development-bank/

AIIB will use its US$50 billion to help spur hydroelectric development in Asia

With 35 nations signing on as founding members, Beijing-based Asian Infrastructure Investment Bank (AIIB) has a reported US$50 billion foundation from which it plans to spur infrastructure growth in developing Asian countries with projects that include hydroelectric facilities.​ ...

Gregory B. Poindexter
http://bit.ly/1cbOuvO

Capital shortage main obstacle for Cambodia in connectivity development: official

A lack of capital is the main obstacle for Cambodia to expedite connectivity development and the Southeast Asian country hopes that the Asian Infrastructure Investment Bank (AIIB) and the Silk Road Fund will fill the shortage, a spokesman said. ...

The Cambodia Herald​ News Staff
http://bit.ly/1HSN1UT

ADB president: China-led bank potential partner, not rival

The president of the Asian Development Bank says a proposed Chinese-led regional bank is a potential partner instead of a rival and the ADB is talking with Beijing to share its experience. Takehiko Nakao’s comments came after Washington softened its opposition to the Chinese-proposed Asian Infrastructure ...

Joe Mcdonald
http://www.sfchronicle.com/business/article/ADB-president-China-led-bank-potential-partner-6154049.php

Cambodian PM says AIIB very attractive to countries in Europe

Cambodian Prime Minister Hun Sen said Wednesday that the China-proposed Asian Infrastructure Investment Bank (AIIB) is very attractive to rich countries, particularly in Europe. The prime minister’s remarks came after Germany, France and Italy followed the suit of Britain in deciding to join AIIB as founding ...

The Cambodia Herald​ News Staff
http://bit.ly/1AE7EzM

Italy confirms plan to join China-led bank

Italy’s Ministry of Economy and Finance has confirmed the country’s intention to become a member of the China-led Asian Infrastructure Investment Bank (AIIB), despite pressure from the US on its western allies not to join. ...

The Local Italy News Staff
http://www.thelocal.it/20150317/italy-to-join-china-led-development-bank-report

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