Kingdom may exit LDC ‘by 2028’ on RCEP

The Regional Comprehensive Economic Partnership (RCEP) agreement could provide a “vital impetus” to drive the Cambodian economy to exit Least Developed Country (LDC) status by 2028, according to the commerce minister on March 14. ...

May Kunmakara

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 commits $60 million for five waste management sites

Several ministries and the World Bank have been studying plans for a project to improve solid and plastic waste management in the towns and districts of five provinces.​​ ...

Nov Sivutha

Diversification key to economic growth: World Bank

Cambodia was among the Greater East Asian countries hardest hit by the Covid-19 pandemic. However meaningful steps to spur domestic investment, greater productivity among businesses and workers, and a more diversified export portfolio will be key to regain sustained economic growth, according to the World ...

May Kunmakara

Government gets $110M to restore National Road 4

Work on the $110 million National Road 4 upgrading project in the Kingdom’s main economic corridor could start as early as next year, a Ministry of Public Works official has said. The project, which will affect a more than 200km stretch of road, will take ...

Hin Pisei

Higher education reform gets $90M

Cambodia’s higher education sector – which education officials last month said lacks a clear vision – will undergo improvements under a six-year project financed by a $90 million no-interest loan from the World Bank. ...

Yesenia Amaro

Power access spreads but reliability problem persists

Access to grid electricity has expanded to 71.5 percent of households but the reliability of power supplies can be improved, the World Bank says in its latest report, released yesterday. The bank says nearly two-thirds of households with access to the grid face frequent power ...

Sok Chan

Amru Rice’s SRP project bears fruit

Local rice miller and exporter Amru Rice has started reaping the benefits of its partnership with the International Financial Corporation (IFC), beginning to collect rice from farmers working under contract farming schemes in Kampong Cham province. ...

Sum Manet

World Bank says Cambodia vulnerable to rising sea levels

The World Bank said in a recent report that Cambodia is among 12 countries in East Asia and the Asia-Pacific that are vulnerable to rising sea levels which could lead to the loss of land and force millions of people to relocate. ...

Mom Sophon

Gov’t rejects WB’s report

A World Bank report released last month shows that as of 2011-2012 only 7.9 per cent of Cambodia’s arable land was irrigated, with the a Ministry of Water Resources official contesting these numbers as old data and that irrigated land figures were higher than reported. ...

Kun Kourchettana

Cambodian agriculture in transition: opportunities and risks

The last decade was golden for Cambodian agriculture. The annual agricultural sector growth of 5.3% between 2004 and 2012 was one of the highest in the world, according to a new World Bank report, Cambodian Agriculture in Transition: Opportunities and Risks , prepared with the ...

World Bank News Staff

Agriculture decline to hit poor

The World Bank said last week that Cambodia will likely graduate to a lower-middle-income nation in 2015, on the back of sustained poverty alleviation, stable economic growth and progress made on reducing inequality between the rich and poor. ...

Ananth Baliga

World Bank may be blind to harm of financial investments: Oxfam

The World Bank’s private sector arm may be doing more harm than good when it invests in private equity firms, banks and other financial intermediaries, global development group Oxfam said in a report on Wednesday. In one project indirectly sponsored by the bank’s International Finance Corporation ...

Anna Yukhananov

Keeping women out of the work force is economic nonsense

Gender equality is “humanity’s biggest project,” Lakshmi Puri told the U.N. this past week. Puri, the deputy executive director of U.N. Women, wants to achieve “Planet 50-50” by 2030. When it comes to the workplace, equal employment opportunities aren’t just a benefit to women. Several new ...

Thomas K. Grose

US losing by pressuring nations not to join Asia bank

For months, the Obama administration has been putting pressure on its allies, such as Australia, Japan and South Korea, not to join the Asia Infrastructure Investment Bank (AIIB), which Washington sees as a potential rival to the World Bank and Asian Development Bank, which are ...

Chen Weihua

Mixed outlook in Asean for BBL

Bangkok Bank’s international business this quarter is expected to witness a slowdown due to global market uncertainty, while Vietnam, which is an important market for BBL, has been sidelined by currency woes. Cambodia has some 40 banks, 10 of which are foreign. Given the size ...

Sucheera Pinijparakarn

Growing pains, as capital keeps expanding

Phnom Penh is one of the fastest-growing cities in Southeast Asia. It added nearly 500,000 people between 2000 and 2010, for a total of 1.4 million. That has meant a lot of changes in a short period: more congestion, more markets, more housing. And, newcomers ...

Phorn Bopha,

Cambodia exposed to large fiscal risks from disasters

Cambodia, Laos and the Philippines are the three Southeast Asian countries most heavily exposed to fiscal risks from disasters, the World Bank warned Wednesday. In its annual economic update on East Asia and the Pacific, the bank said the region was the most disaster-stricken in ...

The Cambodian Herald Staff

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