News

Public debt figures released

The government has borrowed $732.06 million in the form of concessional loans from development partners (DPs), amounting to 74.83 percent of the debt ceiling of Special Drawing Rights (SDR) approved by the National Assembly last year, according to the latest report on Cambodia’s public debt. ...

May Kunmakara
http://www.khmertimeskh.com/5084552/public-debt-figures-released/

Kingdom’s debt grows to nearly $6 billion

Cambodia’s national debt stood at $5.8 billion at the end of 2016, totalling nearly a third of GDP, according to the latest debt bulletin released by the Ministry and Economy and Finance earlier this month. ...

Kali Kotoski
http://www.phnompenhpost.com/business/kingdoms-debt-grows-nearly-6-billion

China gives $2 billion for roads, bridge

The visit of Chinese President Xi Jinping last week resulted in loan agreements worth almost $2 billion for road infrastructure development in Cambodia, the Ministry of Public Works and Transport said on Friday. According to Transport Minister Sun Chanthol, the money will be used to ...

Sum Manet
http://www.khmertimeskh.com/news/30849/china-gives--2-billion-for-roads--bridge/

National debt hits $5.7B, but deemed manageable

Cambodia’s national debt stood at $5.7 billion as of the end of June, totalling about a third of GDP, according to a report on the national budget submitted to the National Assembly yesterday. ...

Cam McGrath and Sorn Sarath
http://www.phnompenhpost.com/business/national-debt-hits-57b-deemed-manageable

Government Goes to China in Search of New Loans

Prime Minister Hun Sen will travel to China on Saturday to meet with the rising superpower’s new leadership, in a trip the government expects to yield nearly $2 billion in loans and aid. Most significantly, the Government is hoping to secure Chinese funding for a 1.67 ...

http://www.cambodiadaily.com/news/government-goes-to-china-in-search-of-loans-17314/

Moody's offers update on Kingdom's credit outlook

Improved fiscal management and preparation for a decline in foreign aid would help increase Cambodia’s credit rating, according to a quarterly credit opinion from Moody’s Investor Service, which maintained a stable outlook for the country. Reduced exposure to crisis and stagnation in Western economies, continued foreign ...

http://www.phnompenhpost.com/index.php/2011120153072/Business/moodys-offers-update-on-kingdoms-credit-outlook.html

Budget pushed through

Cambodia’s 2012 budget passed through the National Assembly yesterday unopposed, without a single question asked and no parliamentary debate in a situation the government, opposition and observers all said was unfortunate. It took just over three hours for the law to be passed, 86 to 0, ...

http://www.phnompenhpost.com/index.php/2011112552980/National-news/budget-pushed-through.html

State borrowing may spike

Cambodia’s draft budget law for 2012 will seek to increase concessional borrowing by about 75 per cent compared to 2011, according to a copy of the draft obtained by the Post. A lack of aid commitment may have led to the increase in proposed borrowing, experts ...

http://www.phnompenhpost.com

Chinese 'no-strings' loans come at a cost

As government borrowing from China continues to increase, a new study released yesterday showed that Chinese concessional loans carry higher interest than any others. According to the study, released by the NGO Forum on Cambodia at a workshop in Phnom Penh, China’s average interest rate on ...

China, Cambodia Ink 29 Agreements for Economic and Trade Ties

The relations between People’s Republic of China and Cambodia have become closer in the way of culture, in which China is the most important strategic development partner in improving Cambodia’s economic growth through both financial and technical grant aids,” Mr. Eang Sophalet, assistant to Samdech ...

http://thesoutheastasiaweekly.com/

Japan Loans over $53 Million to Improve Agriculture and Education

Cambodia will receive a concessional loan package of $53.3 million US dollars from Japan to restore the irrigation canal system and another $700,000 dollars grant aid to enhance education materials for minerals resources and topology department of the Institute of Technology of Cambodia (ITC), the ...

http://thesoutheastasiaweekly.com/

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