Economy and Finance
ADB Sets Aside US$1.4bn Loan & US$31.8m Grant Aid for Cambodia in Next 4 Years
The Asia Development of Cambodia (ADB) have prepared over US$1.49 billion in concessional loans and US$31.8 million in grant aids for Cambodia in the next four years from 2021 to 2024. According to the ADB’s press release last week, both concessional loans and grant aids aim to support Cambodia’s economic development and recovery from the […]
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ADB Lowers 2021 Cambodia Growth Forecast to 1.9%, Jumping Back to 5.5% in 2022
The Asian Development Bank (ADB) has lowered the 2021 Cambodia economic growth forecast from 4% to 1.9% but expects to see a 5.5% to the growth rate in 2022. According to the Asian Development Outlook Update (ADOU) 2021 report, the main factors causing the lower growth rate are the prolonged pandemic, closures and temporary shutdowns […]
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Cambodia Spends Approx. US$8 billion on Physical Infrastructure Development from 1993 to 2021
The Cambodian government has spent approximately US$8 billion on physical infrastructure development in the last 28 years, according to a Ministry of Economy and Finance report issued in August. From 1993 to 30 June 2021, the government disbursed US$10.05 billion from development partners. 81% of which were for financing public investment in the infrastructure sector […]
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Phnom Penh Autonomous Port Earns US$19 million Income in First Eight Months of 2021
The Phnom Penh Autonomous Port has earned audited revenue of US$19 million during the first eight months this year, a year-on-year increase of 11%. Report from the Phnom Penh Autonomous Port issued on Monday 13 September indicated that of the total revenue, port operation attributed for US$15.3 million, the port authority US$2.4 million, other services […]
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Cambodia Asks WB for Larger-Scale Financial Assistance in Infrastructure Development
The Minister of Economy and Finance (MEF) has requested the World Bank to consider providing larger-scale financial assistance, known as advanced concessional loans, for Cambodia, in particular for nationwide infrastructure investment projects. The remark was made by MEF Minister HE Aun Pornmoniroth in the virtual farewell meeting with the outgoing Vice President for East Asia […]
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No New Loan Agreements Signed in H1 2021 as Most Development Projects Delayed
In the first half of 2021, the Cambodian government has not signed any new concessional loan agreements as new development projects are under study and preparation phase and are delayed due to the Covid-19 pandemic. According to a report from the Ministry of Economy and Finance, accumulatively, from 1993 to June 30, the government has […]
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CDC Approves Over 210 Japanese Investment Projects Worth Approx. US$3bn as of July 2021
As of July 2021, the Council for the Development of Cambodia (CDC) has approved Japanese companies to invest in a total of 211 projects in Cambodia worth over US$3 billion, most of which are investment projects in non-textile manufacturing sector. This is according to the 22nd meeting of the Cambodia-Japan Joint Committee on Monday 30 […]
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China Still Top Financing Source for Cambodia’s Infrastructure Development, US$3bn Provided
China remains the top financing source for Cambodia’s infrastructure development with a total of almost US$3billion thus far provided, while Cambodia’s Transport Minister HE Sun Chanthol intends to continue accepting more loans or assistance from China as well as other countries. Speaking at the MPWT LIVE SHOW on 30 August, Minister Sun Chanthol said that […]
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ADB: Cambodia Should Embrace Green Investment to Achieve Low-Carbon Economic Growth
The recently published article by the Asian Development Bank (ADB) has suggested that the Cambodian government shouild embrace more green investment and clean energy production to achieve low-carbon economic growth in the long run. Published on 25 August, the article entitled “Cambodia is making strides on the long road to low-carbon economic growth” is co-written […]
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2,235 Construction Projects Worth Over US$2.5 billion Approved in H1, Down by 28% Y-O-Y
During the first half of 2021, the Ministry of Land Management, Urban Planning and Construction (MLMUPC) issued permits for a total of 2,235 construction projects with an estimated investment value of US$2.5 billion, down by 28 % compared to the same period last year. MLMUPC Secretary of State HE Lao Tipseiha confirmed the numbers with […]
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