News

World Bank says RCEP, bilateral FTAs will boost Cambodia’s economy

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. ...

Khmer Times Staff
https://www.khmertimeskh.com/501053587/world-bank-says-rcep-bilateral-ftas-will-boost-cambodias-economy/

World Bank talks about economic recovery and investments in education

World Bank Regional Vice President for East Asia and Pacific Manuela V. Ferro appreciated Cambodia’s effective COVID-19 response and encouraged the country to boost investments in education while jump starting economic recovery during her country visit between March 13 and 17. ...

Khmer Times Staff
https://www.khmertimeskh.com/501046003/world-bank-talks-about-economic-recovery-and-investments-in-education/

WB committed to continue close cooperation with Cambodia

The World Bank is committed to continue its strong and close cooperation with the Royal Government of Cambodia, said visiting Ms Manuela V. Ferro, World Bank Regional Vice President for East Asia and Pacific (EAP) while paying a courtesy call on Cambodian Prime Minister, at ...

Khmer Times Staff
https://www.khmertimeskh.com/501042809/wb-committed-to-continue-close-cooperation-with-cambodia/

World Bank approves funds for healthcare project

The World Bank has approved $113 million in new financing to improve access to quality healthcare in Cambodia focusing on poor and vulnerable people and supporting effective responses to health crises.   ...

Long Kimmarita
https://www.phnompenhpost.com/national/world-bank-approves-funds-healthcare-project

World Bank to address concern about proposed Kandal landfill

The World Bank said they will address concerns raised by 292 families regarding a landfill project in Kandal province’s Sa’ang district through meetings with all stakeholders. The families have requested that the landfill project in the Prek Raing reservoir area be relocated. ...

Orm Bunthoeurn
https://www.phnompenhpost.com/national/world-bank-address-concern-about-proposed-kandal-landfill

Cambodia asks World Bank to further support Cambodia’s development by mobilizing grant aids

Cambodia has asked the World Bank (WB) to help mobilise more grant aid to support the country’s projects promoting skills, education and health, particularly in the context of COVID-19. ...

Khmer Times Staff
https://www.khmertimeskh.com/50935923/cambodia-asks-world-bank-to-further-support-cambodias-development-by-mobilizing-grant-aids/

Cambodia’s economic growth forecast downgraded as COVID-19 cases rise

The UK-based Fitch Ratings credit rating agency has downgraded Cambodia’s economic outlook below the World Bank’s baseline forecast of 4 percent GDP growth for 2021 as the country continues to struggle with the economic shock of the COVID-19 pandemic.   ...

Sorn Sarath
https://cambojanews.com/cambodias-economic-growth-forecast-downgraded-as-covid-19-cases-rise/

Work starts on $3 mn highway in Kampong Cham

Work is under way on a new road in Kampong Cham, funded with $3 million from the World Bank and the Cambodian government. The two-lane double bituminous surface treated road will run nearly 30 kilometres between Boeung Trav and Anlong Koki.​ ...

Khmer Times Staff
https://www.khmertimeskh.com/50897549/work-starts-on-3-mn-highway-in-kampong-cham/

Greater innovation critical to driving sustained economic recovery in Cambodia and East Asia

Innovation is critical to productivity growth and economic progress in developing East Asia including Cambodia, China, Indonesia, Lao PDR, Malaysia, Mongolia, Myanmar, the Philippines, Thailand, and Vietnam in a rapidly changing world, according to a new World Bank report launched today. ...

Heng Panha/AKP
https://www.khmertimeskh.com/50817900/greater-innovation-critical-to-driving-sustained-economic-recovery-in-cambodia-and-east-asia/

Cambodia’s ranking as a logistics hub remains ‘stable’

Cambodia’s ranking has slightly improved in this year’s global index of emerging logistics markets, rising one notch compared with the same survey last year from 42 to 41 among 50 countries included in the study. ...

Jose Rodriguez T. Senase
https://www.khmertimeskh.com/50692512/cambodias-ranking-as-a-logistics-hub-remains-stable

Gov’t, World Bank preparing sustainable ecotourism plan

The Ministry of Environment is working with the World Bank to prepare a Sustainable Landscape and Eco-tourism project to improve the effectiveness of natural resources management, eco-tourism and the value chains of non-timber forest products in targeted provinces. ...

Voun Dara
https://www.phnompenhpost.com/national/govt-world-bank-preparing-sustainable-ecotourism-plan

Casino investment boosts Kingdom’s construction sector

Increasing casino investment has brought the construction sector to provinces along Cambodia’s borders, World Bank (WB) senior economist for Cambodia Ly Sodeth said on Wednesday. In the latest WB Cambodia Economic Update (CEU) report published on Wednesday, Sodeth said that the construction sector has boomed in Banteay ...

Thou Vireak
https://www.phnompenhpost.com/business/casino-investment-boosts-kingdoms-construction-sector

World Bank reports strong export growth, warns of potential ‘EBA’ withdrawal

The World Bank on Wednesday released an update to the biannual “Cambodia Economic Update”, which showed that the economy grew by 7.5 percent in 2018, but could drop to 7 percent this year. The updated growth numbers are the same as the ones released in ...

Hul Reaksmey
https://www.voacambodia.com/a/world-bank-reports-strong-export-growth-warns-of-potential-eba-withdrawal/5185964.html

World Bank warns of economic risks amid strong growth

Possible E.U. trade sanctions, rising indebtedness and slowing foreign investment — which “peaked” last year — pose substantial risks to the Cambodian economy despite continuing strong growth, the World Bank said in its latest country update. ...

Tran Techseng
https://vodenglish.news/world-bank-warns-of-economic-risks-amid-strong-growth/

National economy experiencing robust growth: WB

The bank’s Cambodia Economic Update Report released yesterday said that Cambodia’s real growth of Gross Domestic Product (GDP) is forecast to decelerate to 7 percent in 2019, down from 7.5 percent in 2018.​ ...

Sok Chan
https://www.khmertimeskh.com/50664637/national-economy-experiencing-robust-growth-wb/

World Bank: Growth at 7% for this year

Cambodia’s economy remained robust, underpinned by solid export performance and strong domestic demand, even as real growth is expected to decelerate to 7.0 per cent this year from 7.5 per cent last year, the latest World Bank Cambodia Economic Update said on Wednesday. ...

Thou Vireak
https://www.phnompenhpost.com/business/world-bank-growth-7-year

World Bank report warns of need for diversification and skills development

The World Bank yesterday launched a new report highlighting the success of Cambodia’s economic development and issued comprehensive policy reform recommendations in order to sustain that growth.​ ...

Gerald Flynn
https://www.khmertimeskh.com/50661464/world-bank-report-warns-of-need-for-diversification-and-skills-development/

World Bank approves $1 billion in development assistance

The World Bank has officially approved the disbursement of $1 billion to develop priority sectors in Cambodia, the Ministry of Economy and Finance announced Monday. ...

Chhut Bunthoeun
https://www.khmertimeskh.com/50643974/world-bank-approves-1-billion-in-development-assistance/

EBA withdrawal threatens Kingdom’s bicycle industry

Cambodian bicycle exports to the EU amounted to 1.52 million individual units last year valued at $331 million, according to a World Bank report released on Monday. The report – called Cambodia Economic Update – revealed that bicycles are Cambodia’s third main export to the ...

Hor Kimsay
https://www.phnompenhpost.com/business/eba-withdrawal-threatens-kingdoms-bicycle-industry

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