News

The export of agricultural products, especially fresh fruits, has become an important part of the improving of the living standards of farmers and promote national economic growth. Cambodia has seen an increase in fruit exports to China under the Cambodia-China Free Trade Agreement. ...

The Regional Comprehensive Economic Partnership (RCEP) free trade pact and bilateral free trade agreements (FTA) will be a booster for Cambodia’s economic growth in the coming years, according to the World Bank’s economic update report released on Tuesday. ...

The National Bank of Cambodia will introduce 10 main policies to support the sustainable economic growth and recovery in 2022. The 10-point policy will fully support the growth of the national economy, which continues to be threatened by the COVID-19 pandemic and its mutations. ...

A World Bank released on January 12, 2022, said that  Cambodia’s economic growth this year is expected to reach 4.5 percent this year and is  projected to grow further to 5.5 percent in 2023. ...

The Asian Development Bank (ADB) has projected that the Cambodian economy will grow by 4 percent this year and 5.5 percent next year, led by a robust recovery of its major trade partners. ...

Cambodia’s economy is forecast to grow 4.0 per cent this year and 5.5 per cent in 2022, as economic recoveries in major trading partners boosts demand for the Kingdom’s exports, according to an Asian Development Bank (ADB) report released on April 28. ...

THE International Monetary Fund’s (IMF) World Economic Outlook prediction that the globe will recover at vastly uneven levels has been brought into sharp focus in light of recent lockdowns in Cambodia. ...

International Monetary Fund (IMF) managing director Kristalina Georgieva on April 7 said the Cambodian economy is expected to grow 4.2 percent this year, following a 3.5 percent contraction in 2020, but cautioned that local governments around the world should proceed with prudential policies and proactive ...

The Kingdom is forecast to register gross domestic product (GDP) growth of 3.5 percent, a sharp reversal of 2020’s contraction of 3.1 percent, the Ministry of Foreign Affairs and International Cooperation has said in its macroeconomic situation report. ...

Although vaccines have begun to be administered in the Kingdom, a resurgence in cases and talk of new virus variants continues to fuel economic uncertainty. Tourist numbers dropped by over 70 percent between January and September of 2020 year-on-year.  ...

Prime Minister Hun Sen has said that oil revenues will have less of an impact in the short term on the country’s overall economy than other traditional business sectors. His statement was made during a joint ceremony for the inauguration of  the Chamkar Mon Water ...

The Kingdom’s real economic growth is expected to recover by 4 percent in 2021 following a contraction of 3.1 percent in 2020, according to a report from the Ministry of Economy and Finance (MEF). ...

A senior official at the Ministry of Economy and Finance said the government’s driving principles to restore the economy post-COVID-19 from 2021-2023 will be strategic approaches towards survival, reform and resilience. ...

The National Bank of Cambodia (NBC) on December 31 forecast that the Kingdom’s economic growth will return to four percent growth this year if Covid-19 vaccines can successfully curtail the spread in the first half. The central bank’s forecast published in its Macroeconomic and Banking ...

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 Asian Development Bank (ADB) has outlined that the government needs to continue investing in its people through the widening of parameters for programmes such as ID Poor and upskilling workers transitioning into new sectors to achieve a post-pandemic economic recovery. ...

In just over two weeks, the year 2020, which has been severely hit by the pandemic will come to an end, and with that, hope that the year 2021 will bring scope for economic improvement, especially from the likely availability of anti-COVID vaccines. ...

Asian Development Bank (ADB) has adjusted its medium-term outlook for Cambodia’s economy, projecting that it will contract by 4 percent by the end of the year.  ADB’s previous outlook had projected that the national economy would decline by 5.4 percent compared with last year, as ...

The World Bank has predicted that Cambodia’s GDP will grow at a more modest 6.9 percent this year and next, and slow slightly to 6.7 percent in 2019.   ...

Cambodia’s inflation rate fell to an annual three per cent last year, down from 4.9 per cent a year earlier, according to data from the National Bank of Cambodia released in late January. Chea Chanto, the bank’s governor, told an annual meeting in late January that ...