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ខ្មែរ Investment and Funding
ADB Provides US$62.9m Loan to Build Infrastructure in Nine Provinces
- 14 December 2022
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 Asian Development Fund (ADF), and another US$900,000 i...
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Gov’t Spent US$1bn in Loans in First Nine Months of 2022; 54% for Infrastructure
- 14 December 2022
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 mill...
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Australia Provides US$65m Fund for Development in Four Key Sectors in Cambodia
- 13 December 2022
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 Infrastructure, trade and investment, ag...
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Japan Provides Over US$500K to Improve Health Centres in Takeo & Kampong Cham
- 9 December 2022
The Government of Japan has agreed to provide a total of US$ 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 of Mission of the Embassy of Japan to Cambodia Tani...
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S. Korea Provides US$70m Concession Loan for Grid System Enhancement in Cambodia
- 9 December 2022
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 for Cambodia. Cambodian Prime Minis...
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S. Korea Provides US$2bn Loan to Cambodia for Key Infrastructure Development
- 9 December 2022
The Government of the Republic of Korea has provided concessional loans of nearly US$2 billion to build two key infrastructures and boost the overall economy. The signing ceremony took place on 9 December with Cambodian Prime Minister Samdech Hun Sen. One part of the loan worth US$245,909,000 will be used for the construction of the Cambodia-Korea Friendship Bridge Project (Old Market-Chro...
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Gov’t to Inject More US$100m Fund to SME Banks
- 7 December 2022
The government plans to allocate another US$100 million fund to the SME Bank by 2023, on top of US$423 million injected in the past years, according to a press conference on 5 December 2022. Dr Phan Phalla, Chairman of the Board of Directors of the Small and Medium Enterprise Bank, stated that the Royal Government of Cambodia will inject an additional budget of US$100 million to provide loans ...
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Japan to Help Build bridge, Irrigation System Two Major Cambodia’s Provinces
- 6 December 2022
Japan has provided a grant of US$186,856 for the construction of bridges and the rehabilitation of irrigation systems in the Kampong Speu and Kampong Cham provinces. The grant agreement signing ceremony was held on 5 December with the presence of the Minister/Deputy Chief of Mission of the Embassy of Japan to Cambodia Taninai Ichitomo and the Director of the Department of Public Works and Tran...
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Japan to Build More Schools in Battambang & Koh Kong
- 5 December 2022
The Government of Japan has agreed to provide a grant of US$171,641 for the construction of kindergartens in Battambang and Koh Kong provinces. The grant agreement was signed on 1 December. Under this agreement, Japan will help build a study building at a kindergarten in Battambang province and another studying building at Tani Secondary School in Koh Kong province. At the signing cere...
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National Assembly Approves Draft Budget for 2023
- 29 November 2022
The National Assembly on Tuesday approved the draft budget law 2023 under the chairmanship of Kittisethabindit Cheam Yeap, Acting President of the National Assembly. According to the draft law of budget bill 2023, the government plans to spend 39,206,205 million riels, equivalent to US$9.6 billion, equivalent to 29.87% of GDP, an increase of 13% compared to the 2022 budget law. To meet the e...
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