Investment and Funding
AFD Increases Funding to €200m for Cambodia, €25M (US$27M) Allocated for Rural Road Development
The French Agency for Development (AFD) has reaffirmed its commitment to supporting Cambodia’s economic growth by doubling its cooperation financing from €100 million to €200 million per year. Furthermore, an additional €25 million (US$ 27 million) will be allocated to the Department of Rural Development for rural infrastructure development. At the recent meeting on 28-29 […]
Read More
JICA signs US$30m additional grant to expand water supply system in Svay Rieng
The Japan International Cooperation Agency (JICA) has signed an amendment to a grant agreement with the Ministry of Economy to expand the water supply system (WSS) in Svay Rieng province worth more than US$30m (3,986 million yen). The agreement was signed by His Excellency Aun Porn Moniroth, Minister of Economy and Finance, on 21 March […]
Read More
How Cambodian Migrants’ US$2.7B Contribute to Real Estate Investment and Economic Growth
More than 1.3 million Cambodians living and working overseas contribute to their home country’s economic growth by remitting approximately US$2.7 billion annually to their families. The remittances, which are often invested in the real estate sector and saved for future business opportunities, support the well-being of working families. According to a report from the Ministry […]
Read More
Banteay Meanchey Received Almost US$1.5M Daily from Customs Revenues
Banteay Meanchey province has earned almost US$1.5 million in customs revenue daily, making it one of the most successful provinces in Cambodia in this regard. This was announced by HE Um Reatrey, Governor of Banteay Meanchey province, during a press conference held on 28 March 2023. “Based on the data of the customs branch reported, […]
Read More
Prey Veng Province Generates US$ 5 Million from Construction Stone Business in 5 Years
The collection of tax revenue from all types of construction stone businesses in the province has amounted to approximately US$ 5 million in the past five years. The revenue was collected from all kinds of sand and stone processing businesses, totaling around US$ 4.57 million from 2018 to 2022, with US$ 2.19 million collected in […]
Read More
S.Korea Contributes US$10M for Demining Project in Three Cambodian Provinces
South Korea has provided US$10 million to Cambodia for the fourth phase of demining projects (2021-2025) in three provinces, according to His Excellency Senior Minister Ly Thuch, First Vice President of the Mine Authority, on March 20, 2023. The project, called Demining for Success, was launched in 2006 and has cleared a total of 322.87 […]
Read More
Cambodia Receives US$31M from Mekong-Lanchang Cooperation
Cambodia has received US$31 million from the Mekong-Lanchang Cooperation (MLC) Special Fund to support 80 development projects, including infrastructure, according to HE Prak Sokhon, Deputy Prime Minister and Minister of Foreign Affairs and International Cooperation. In celebration of “Mekong-Lan Chang Cooperation Week 2023”, HE Prak Sokhon stated that the MLC Special Fund has responded to […]
Read More
Cambodia’s Stronger National Budget Reduces Dependence on Foreign Loans for Infrastructure Development, Says PM Hun Sen
Cambodian Prime Minister Samdech Hun Sen has revealed that the country’s strengthened national budget has helped reduce the need for foreign loans for infrastructure development. Speaking at the fourth phase launch of the Public Financial Management Reform Program on March 20, the prime minister stated that in the past, two-thirds of the national budget was […]
Read More
Japan Provides Over US$200K to Build Bridge & Strengthen Chicken Production in Cambodia
The government of Japan has granted a total of US$209,197 for a bridge construction project and a project to strengthen the value chain of Khmer chicken production in Cambodia. The signing ceremony of the grant agreement between HE U Inu Atsushi, Ambassador of Japan to Cambodia, and the representative of the recipient institution took place […]
Read More
Gov’t Invests US$1.34 Billion in Loans, 64% to Infrastructure in 2022
The Cambodian government withdrew US$1.34 billion from concessional loans in 2022, with 64% of the amount being utilised for infrastructure development, according to the Cambodian Public Debt Statistics Bulletin. The funds were allocated to various infrastructure sectors; US$446 million for transportation, US$105 million for energy, US$138 million for irrigation and US$68 million for water […]
Read More