News
Cambodia, S. Korea to sign loan agreement
South Korea will soon give a four year loan package worth $200 million for dam and road projects, according to Cambodian Ministry of Foreign Affairs on Friday. The loan will be utilized to repair three national road lines as well as rural roads in nine ...
http://www.thecambodiaherald.com/cambodia/detail/1?page=13&token=MTUzZGE4MTQxOWF
Hun Sen Mocks Opposition Request for Donors to Freeze Aid
Prime Minister Hun Sen on Saturday rebuked the opposition for urging foreign donors to refrain from signing any new agreements with the government until after the election and boasted of a new $26 million handed over last week by the European Union (E.U.) E.U. Ambassador ...
http://www.cambodiadaily.com/news/hun-sen-mocks-opposition-request-for-donors-to-freeze-aid-31547/
New Siem Reap health centre to be a boon for mothers, babies
With the promise of better care for both mother and baby during labour, the Maternal Child Medical Centre was inaugurated yesterday at the Siem Reap Provincial Hospital. The inauguration was presided over by Deputy Prime Minister Tea Banh, who said the centre was the first of ...
Australia Ups Aid Funding
Australia announced yesterday that it will increase the amount of aid it provides Cambodia by about US$13 million (A$13.2 million) in the coming year, putting the country’s official development assistance at $96.1 million. ...
http://www.phnompenhpost.com/2013051765681/National/australia-ups-aid-funding.html
Government Mulls Issuing Sovereign Bonds
Cambodia is considering offering sovereign bonds to raise more revenue for the national budget and move away from its dependence on overseas aid, a senior central bank official said Sunday. National Bank of Cambodia director-general Nguon Sokha said the Ministry of Economy and Finance was currently ...
http://www.cambodiadaily.com/business/government-mulls-issuing-sovereign-bonds-21989/
European body sends a message
The European Parliament, representing one of the country’s largest donors, on Friday called for a moratorium on forced evictions, an overhaul of elections and even went so far as to suggest to the European Union that it suspend tariff-free imports of agricultural goods linked to ...
Cambodian Scholar Suggests Pernicious Effects of Aid Dependence
For political economist Sophal Ear, this view is more nuanced. In his book ‘Aid Dependence in Cambodia: How Foreign Assistance Undermined Democracy‘, published by the Columbia University Press (2012), years of dependency are not showing positive results in the rehabilitation of Cambodia, its democracy and war ...
http://asiancorrespondent.com/90669/cambodian-scholar-suggests-pernicious-effects-of-aid-dependence/
Upcoming Book Assesses Benefits and Limitations of Foreign Aid
A new book by a Cambodian-born author, due to be published this month, is set to bring the debate over Cambodia’s dependence on foreign aid into the spotlight. Since 1992, Cambodia has received more assistance for its development than almost any other country on the planet. ...
Looking to increase water access
More than half of Cambodians living in rural areas still do not have access to treated water, about 200 people heard yesterday at a forum at the Phnom Penh Hotel. The event was sponsored by WaterSHED, an NGO funded by USAID’s Regional Development Mission-Asia and the Stone Family Foundation. According ...
Japan to Give $840,000 To Demining Projects
Japan signed an agreement Thursday with the Japan Mine Action Service (JMAS) to provide $839,363 to deining projects in Battambang province, which will benefit about 5,500 residents. Together with the Cambodian Mine Action Center (CMAC), which will receive almost half of the donations from Japan, JMAS ...
Farming group to quadruple organic production
The Cambodian Center for Study and Development in Agriculture (Cedac) said yesterday that it plans to raise its annual production of organic vegetables from 120 tons to 600 tons by the end of 2015. Lim Sokun Darun, program coordinator at Cedac, said that the decision to ...
China’s ‘No Strings’ Aid Increasingly Attractive
The timing couldn’t have been better. After a week in which one NGO was suspended and others warned to “readjust their work,” and the World Bank was finally forced to reveal that it had stopped loaning to Cambodia, the government announced over the weekend that ...
Donor Forum Put on Hold by Goverment
The government has postponed a top-level meeting with its foreign donors scheduled for November, a move that comes just over a week after a displeased World Bank revealed its decision to freeze all future loans to Cambodia. In an Aug 17 letter to World Bank ...