News

Rights groups say families being forced off their land by development projects recently revealed to have World Bank Group backing could probably file successful complaints against the institution, effectively forcing it to help the families save their homes or at least win better compensation. ...

The World Bank has projected the Kingdom’s economic growth will reach seven percent this year, slightly up from its 6.9 percent projection in April, due to solid garment exports and a resilient construction sector. The World Bank’s “Cambodia Economic Update October 2016” highlighted solid garment export ...

The number of Cambodians traveling overseas as tourists increased to nearly 700,000 in the first half of the year, up 26 percent compared to the same period last year, according to the Ministry of Tourism. Experts in the industry welcomed this trend and pointed out ...

Cambodia has been listed as the highest-risk nation in ASEAN, and ranks sixth globally, for its susceptibility to money laundering and terrorism financing in a recently released global index that charts the vulnerability of 149 nations. ...

Cambodia’s biggest agriculture industry event of the year received a cool response on its first day as turnout from local agro-businesses was low and overseas suppliers struggled to find potential buyers for the latest agricultural products. ...

Despite some appearances to the contrary, things in Cambodia are looking pretty rosy at least according to the World Bank. In its latest revision of world economies the Bank raised Cambodia’s status from a low-income economy to a lower-middle income country. ...

Cambodia has the highest rate of untreated cleft lip and palate in infants, out of more than 100 low- and middle-income countries, a new global study has found.   ...

Cambodian farmers are eager to cultivate organic vegetables rather than rice, as not only do vegetables command higher prices, but they are also quicker to grow. According to the World Bank, vegetables fetch an income of $1575 per hectare while it is $544 per hectare ...

Cambodia has asked the World Bank to assist in the development of the terms of reference for its planned National Logistics Committee, a move that is hoped to improve the transportation sector and reduce costs for exporters. ...

Cambodia received a new $130 million funding package from the World Bank last month that focuses on poverty reduction and bettering the lives of poor and vulnerable Cambodians in the country cooperation strategy set out in the new Cambodia -World Bank Group Country Engagement Note ...

The government of Cambodia and the World Bank today signed agreements for four projects to improve road surfaces, manage fisheries, improve livelihoods from agriculture in targeted rural communities, and increase access to health care, with funding from the International Development Association, or IDA, the World ...

Cambodia’s large and growing debt to its northern ally China is a growing concern for observers who worry about the undue influence this may afford the regional superpower. ...

The World Bank’s decision earlier this month to resume lending to Cambodia after a five-year moratorium has drawn criticism from development experts.   ...

The International Finance Corporation (IFC) signed a Memorandum of Understanding with the National Bank of Cambodia (NBC) yesterday in a move that officials are predicting will usher in a new era of responsible corporate governing practices, transparency, financial risk management and public confidence in the ...

Each morning, Phan Kha drags her cart full of mussels through the streets of Phnom Penh. She pulls the cart up to 20 kilometers a day, and on a good day, she makes $10. ...

If global temperatures continue to rise, Cambodia’s dependence on fishing and its under-developed healthcare and sanitation sectors will make it particularly exposed to the adverse effects of climate change, according to a World Bank report published on Sunday. ...

Experts warn that Cambodia’s imminent move up to lower-middle income status could lead to a drop in foreign aid and economic assistance. While the status upgrade would affirm Cambodia’s economic openness, higher wages and increasing foreign investment, it could also lead developed countries to scale ...