Cambodia and ADB
In the Spotlight
Cambodia needs to broaden its economic base to support strong, inclusive growth and to put the country in a good position to take advantage of the upcoming ASEAN Economic Community, says a new report, Cambodia: Diversifying Beyond Garments and Tourism.
ADB President Calls on Greater Mekong Subregion to Build on AchievementThe Greater Mekong Subregion has an opportunity to build on its success in promoting connectivity, economic competitiveness, and community through a new investment plan presented at the 5th GMS Leaders' Summit in Bangkok.
A Greater Mekong Subregion project helps builds a transmission line from Viet Nam to Cambodia to provide a steady supply of electricity to communities and industries in the southern part of the country.
The growth outlook for developing Asia and the Pacific remains steady, even though momentum slowed in the second half of 2014, but the declining oil prices represent a golden opportunity for many beneficial reforms, ADB says in a new report.
Cambodia has achieved robust and steady growth over the past 2 decades. Considerable investments have been made by the government and development partners in rural areas, where more than 80% of all Cambodians live, and the population below the poverty line decreased markedly.
Cambodia and ADB celebrated 20 years of partnership in 2012. The aim of the partnership is to reduce poverty by promoting inclusive economic growth and social development.
14.68(2013) Population in millions
1.5%(2008-2013) Average annual population growth
25.9%(2009) Population living below the national poverty line