Cambodia and ADB
In the Spotlight
After decades of conflict and poverty that captured the world's attention, Cambodia has enjoyed five years of high economic growth that is moving it toward becoming one of the new tiger economies of Asia, according to forecasts in the Asian Development Bank's Asian Development Outlook 2016.
Life is a lot brighter for Cambodians since a regional cooperation project brought affordable and reliable electricity from Viet Nam. Read this and more stories from Together We Deliver 2015, a publication highlighting successful projects that demonstrate development impact, best practices, and innovation across Asia and the Pacific.
As Cambodia’s largest multilateral development partner, ADB has supported the country's government in reconstruction and development since the Paris Peace Agreement in 1991. As of December 2009, Cambodia received about $1.2 billion in loans and grants for the development of physical and social infrastructure, public sector management, private sector and finance sector development, and natural resource management and conservation.
In recent years, Cambodia has moved closer to lower-middle-income status through resounding economic growth. This has been driven by solid performances in garment manufacture, tourism, paddy and milled rice, and construction. While this growth is expected to continue in 2016, the economy remains vulnerable to external shocks and natural disasters. Although the poverty rate fell between 2007 and 2012, from about 50% to below 20%, more than 70% of Cambodians still live on less than $3 a day, which means that many of them remain vulnerable to falling back into poverty.
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
- Provincial Water Supply and Sanitation Project
- Upper Secondary Education Sector Development Program (formerly Strengthening Secondary Education and Teaching of Math and Science)
- Strengthening Public Financial Management Program, Subprogram 1
- Decentralized Public Service and Financial Management SP2
Average annual population growth rate in Cambodia (2010-2015)
Maternal Mortality Ratio in Cambodia, per 100,000 live births (2015)
Population living below the national poverty line in Cambodia (2014)
Population in Cambodia, in millions (2015)