Investment and Funding
ADB, AFD provide over US$380m to develop six major sectors in Cambodia
The Asian Development Bank (ADB) and the French Agency for Development (AFD) have officially provided US$381.45 million in financing to Cambodia to develop six key sectors. The agreement was signed between the two partners and the Ministry of Economy and Finance on 22 December. The funding for the development of 6 projects and programs includes: […]
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World Bank Provides US$274m in Loans to Revive Cambodia’s Economy
The World Bank (WB) has provided an additional US$274 million in loans to help the Cambodian economy recover from the recent crisis, according to a press release from the World Bank on 20 December. The loan is provided by the International Development Association (IDA), a World Bank fund to help poor countries, with an additional […]
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ASEAN needs US$2 trillion for regional infrastructure connectivity
The ASEAN Community needs at least US$2 trillion in investment from now until 2030 to connect infrastructure in the region. The statement was emphasized by Cambodian Prime Minister Samdech Hun Sen during the ASEAN-EU Anniversary Summit on 14 December. PM Hun Sen stressed that it is important to promote a strong synthesis between the Master […]
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Japan Provides Fund to Conserve Bayon Temple
The Government of Japan has provided a grant of US$520,847 for the conservation and restoration of the Bayon temple while providing a total of over US$28 million under the JASA project since 1994 for similar purposes. During the 29th Plenary Meeting of the ICC-Angkor, there were also two MoUs signed been Japan and the Apsara […]
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Gov’t Approves US$99m Loan to EDC to Level Off Electricity Price
In 2023, the Cambodian government will provide a loan in the amount of KHR406,500,000,000 (over US$99 million) to Electricite du Cambodge (EDC) to ensure the stability of electricity prices, according to the Law on Finance for Management 2023. Prime Minister Samdech Hun Sen also recently gave an order that EDC and the Ministry of Mines […]
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ADB Provides US$62.9m Loan to Build Infrastructure in Nine Provinces
The Asian Development Bank (ADB) has provided US$62.9 million to build infrastructure in Cambodia’s nine provinces to boost the health sector and the value chain of livestock, trade and livestock production. According to a press release on 13 December, with the total loan, US$50 million is ADB concessions, US$12 million is a grant from the […]
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Gov’t Spent US$1bn in Loans in First Nine Months of 2022; 54% for Infrastructure
During the first nine months of 2022, the Cambodian government withdrew approximately US$1 billion in cash from concessional loans, 54% of which was used in infrastructure development, according to the recent Cambodian Public Debt Statistics Bulletin. During this period, loans disbursed for infrastructure include US$254.19 million for transportation, US$75.20 million for energy, US$101.35 million for […]
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Australia Provides US$65m Fund for Development in Four Key Sectors in Cambodia
The Australian Embassy in Cambodia has provided US$65 million in grants to help develop four key sectors over a five-year period (June 2022 to June 2027). The agreement signing ceremony for the Cambodia-Australia Partnership for Resilient Economic Development (CAP RED) Program was held on 12 December. The grant will focus on four key areas including […]
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Japan Provides Over US$500K to Improve Health Centres in Takeo & Kampong Cham
The Government of Japan has agreed to provide a total of US$ 506,595 for the renovation of the Rehabilitation Centre in Takeo Province and the construction of a maternity and neonatal care facility at Kampong Cham Provincial Referral Hospital. The donation agreement signing ceremony was held on 8 December under the presidency of Deputy Chief […]
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S. Korea Provides US$70m Concession Loan for Grid System Enhancement in Cambodia
The South Korean government has provided US$70 million in a concession loan for a grid system improvement project in Preah Sihanoukville province. The loan agreement was signed on December 9 by HE Aun Pornmonyroth, Deputy Prime Minister and Minister of Economy and Finance and Ms Minnie Chey, Country Director of Korea Economic Development Cooperation Fund […]
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