Electricity outages a hurdle for businesses in Cambodia

Cambodian businesses face more basic infrastructure problems like electricity outages than their ASEAN peers, according to a recent World Bank report. ...

Rachel David

World Bank to improve education for disadvantaged kids with $79.5M fund

Education across Cambodia is set to receive a boost after the World Bank gave the green light for $79.5 million in additional financing to expand activities that are improving access to quality education nationwide. ...

Marissa Carruthers

Cambodia to generate 10.2 million jobs by 2026

With the employment rate growing on an average of 2.5 percent annually, the nation will create additional jobs for about 235,000 people per year, increasing the opportunities to approximately 10.2 million in the next three years. ...

N​h​e​an​ C​ham​ron​g​

Cambodia, World Bank enhance co-op

Prime Minister Hun Manet and Mariam Sherman, the World Bank (WB) country director for Cambodia, Myanmar and Laos, are dedicated to advancing human capital and enhancing six key sectors in Cambodia. These sectors encompass education, health, agriculture, digital technology, the environment and climate change. ...

Samban Chandara

World Bank approves $163m water and sanitation project

According to a statement from the World Bank on November 22, to assist Cambodia in its efforts to strengthen water and sanitation services, the project will reach more than 175,000 people in the target provinces of Battambang, Pursat, Mondulkiri and Kandal. ...

Chhorn Raksmey

World Bank report explores path to climate-resilient economy

The World Bank has launched the Cambodia Country Climate and Development Report (CCDR), which provides critical insights into the Kingdom’s response to climate change and its impact on development goals. ...

Seng Mengheng

Growth pegged at 5.5% for ‘23 recovery stage by World Bank

The World Bank has upheld its economic growth forecast for Cambodia this year at 5.5 percent, supported by the resurgence of the services sector, particularly tourism, following the post-pandemic recovery. This projection is in contrast with the Asian Development Bank (ADB), which revised its growth ...

May Kunmakara

World Bank to support Cambodia’s skills initiative

Cambodia will likely start implementing a massive reskilling and upskilling project with the support of the World Bank in 2024 for which the bank has proposed an allocation of $40 million. A number of training institutions (TIs) and job centres (JCs) will be set up ...

Manoj Mathew

World Bank says Cambodia needs to diversify its tourism products and improve its trade competitiveness

Cambodia’s economy is on a recovery path, with growth predicted to accelerate to 5.5 per cent in 2023, led by manufacturing exports, according to a World Bank report. ...

Khmer Times Staff

World Bank finds Cambodia, Vietnam have lowest port turnaround times in ASEAN

Container shipping in Cambodia and Vietnam had the lowest port turnaround times in ASEAN in June last year with both countries scoring averages of 0.9 days, the World Bank says. ...

Khmer Times Staff

World Bank says Cambodia’s economy on recovery path, forecast 4.8 percent GDP growth for this year

Cambodia’s economy is recovering well after COVID-19, but global headwinds could pose risks to a positive outlook in months to come, the World Bank said in a report released yesterday. ...

Khmer Times Staff

Cambodia’s economy expected to trend back to potential six percent growth

The World Bank in its Economic Update released Wednesday said the tourism and hospitality industries are likely to accelerate further, with projected increases in international arrivals and domestic tourists once the pandemic is becomes history. ...

Khmer Times Staff

World Bank report calls for transportation infrastructure improvements in Cambodia

The cost of logistics in Cambodia is partially to blame for being a drag on the country’s ability to compete with neighboring supply chains, a World Bank Group report found. ...

Khmer Times Staff

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

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

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

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

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

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

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

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

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

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

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