Cambodia and ADB
In the Spotlight
Cambodia’s economy is expected to remain strong through 2016, though it is likely to grow at a slightly slower pace than forecast earlier this year, according to a new ADB report.
Cooperation in the Greater Mekong Subregion is helping countries in the area make progress towards the new global Sustainable Development Goals.
ADB has helped turn former war-torn Greater Mekong Subregion countries of Cambodia, Lao PDR, and Viet Nam into a booming tourist destination.
Government ministers and senior officials attending the Greater Mekong Subregion (GMS) Seventh Economic Corridors Forum agreed on measures to promote the development of economic corridors, facilitate cross-border transport and trade, and enhance cooperation and private sector participation.
Cambodia has moved closer to lower middle-income status via resounding economic growth driven by solid performances in garment manufacture, tourism, paddy and milled rice, and construction. While this growth is expected to continue through 2015-2016, the economy remains vulnerable to exogenous shocks and natural disasters. The Cambodia Socio-Economic Survey indicated that poverty in Cambodia fell dramatically between 2007 and 2012, from about 50% to below 20%.
Under the country partnership strategy for 2014-2018, ADB will continue to support the government’s economic reform priorities and help promote inclusive growth.
Projects in Cambodia
- Climate-Friendly Agribusiness Value Chains Sector Project
- Second Greater Mekong Subregion Corridor Towns Development Project
- Strengthening Secondary Education and Teaching of Math and Science (formerly Fourth Education Sector Development Program (ESDP IV)
- Integrated Urban Environmental Management in the Tonle Sap Basin Project
- Decentralized Public Service and Financial Management SP2(Decentralized Rural Infrastructure)
- Third Financial Sector Program - Subprogram 3
- Strengthening Knowledge Solutions II - Supporting the Government's Planning Cycle
- Improving Market Access for the Poor in Central Cambodia
- Second Power Transmission and Distribution Project
- Strengthening Technical and Vocational Education and Training Project II