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Cambodia and ADB

ADB’s country partnership strategy for Cambodia, 2019–2023 supports the country’s post-pandemic recovery by strengthening the health systems and addressing key constraints to growth, competitiveness, inclusion, and sustainability.

Cambodia Resident Mission: Activities

  • 4 October 2022 ADB Builds Cambodia’s Capacity for Resilient Disaster Recovery

    On 4 October 2022, ADB in partnership with the United Nations Development Programme (UNDP) supported the Cambodia National Committee for Disaster Management (NCDM) to organize a workshop in Phnom Penh to validate technical documents for disaster financial preparedness, post disaster needs assessment, and disaster recovery framework in the road sector. The workshop was opened by H.E. Lam Heng Huot, NCDM Vice-President and Secretary General. ADB Country Director for Cambodia Ms. Jyotsana Varma delivered welcome remarks highlighting the importance of developing tools to augment government’s capacity to strengthen preparedness and develop an effective recovery strategy to build back better. More than 40 officials from NCDM and its provincial bodies, associated ministries, development partners, and disaster response and humanitarian networks attended.

  • 12 September 2022 ADB and Vice President of European Investment Bank Discuss Potential Partnership

    ADB Country Director for Cambodia Resident Mission Ms. Jyotsana Varma on 12 September met a delegation of the European Investment Bank (EIB) led by its Vice President Mr. Kris Peeters and EU Ambassador to Cambodia H.E. Carmen Moreno to discuss potential partnership opportunities. EIB has recently opened an office in Jakarta, Indonesia that will coordinate its operation in Cambodia, focusing on a technical and advisory role. EIB has an existing parallel cofinancing with ADB in the ANR sector (irrigation and agriculture) and is interested in expanding cofinancing with ADB. Ms. Varma thanked the EIB for their support to the ASEAN Catalytic Green Finance facility and offered a brief overview on climate-action projects being implemented and processed in Cambodia. ADB and EIB agreed to work together to explore possible avenues for collaboration and cofinancing.

  • 12 September 2022 ADB Highlights Inclusiveness and Climate-Resilience in its Projects at UNDP Organized Policy Dialogue

    ADB Country Director for Cambodia Resident Mission Ms. Jyotsana Varma on 12 September joined a discussion panel on Future Inclusive Development Models in Cambodia with Ms. Kanni Wignaraja, United Nations Assistant Secretary General and UN Development Programme (UNDP) Regional Director for Asia and Pacific. Other panelists were Minister for Social Affairs, Veteran and Youth Rehabilitation; and Secretary of State in the Ministry of Economy and Finance. She shared ADB’s target to scale up financing for climate-action to $100 billion by 2030 in commitment to its role as the Climate Bank for Asia and the Pacific. To reach this target, ADB will strengthen upstream engagement with clients for deeper policy dialogue, develop a menu of climate-resilient investments, and mobilize more financing. Over 400 representatives from government ministries and institutions, development agencies, the private sector, and academe attended the hybrid policy dialogue. On the sideline, Ms. Varma met the UN ASG and UNDP regional director bilaterally to discuss how the ADB-UNDP global agreement could be implemented in Cambodia and potential partnership opportunities explored.

  • 6 September 2022 ADB Reaffirms Support for Cambodia Public Finance Management Reform

    ADB on 6 September reiterated support for reform at a meeting of the technical working group (TWG) of the Steering Committee for the Public Financial Management (PFM) Reform Program, chaired by Cambodia Deputy Prime Minister, Minister of Economy and Finance and ADB Governor H.E. Aun Pornmoniroth. As co-chair with EU and representing development partners, ADB Country Director for Cambodia Resident Mission Ms. Jyotsana Varma encouraged the government to strengthen revenue mobilization to sustain macroeconomic stability, budget management and budget transparency, and mainstream climate adaptation in public investment management. She also emphasized the need to improve public procurement. Some 400 representatives from government institutions, development partners, and CSOs attended the virtual meeting.

  • 10 August 2022 ADB Country Director Meets with Cambodia Deputy Prime Minister

    On 10 August, CARM Country Director Jyotsana Varma met with Cambodia Deputy Prime Minister, Minister of Economy and Finance, and ADB Governor for Cambodia H.E. Aun Pornmoniroth. While recognizing the bank as Cambodia’s most important development partner responsive to the country’s development needs especially in emerging from the challenges posed by the pandemic, the deputy prime minister emphasized the need to work closely together in the “new normal” where food security, social security for the new-poor, and the impacts of climate change would be some of the challenges. CD CARM reaffirmed ADB’s commitment to continued cooperation with Cambodia.

  • 26 July 2022 ADB and De Heus support Cambodia agricultural feed supply chains

    On 26 July ADB Country Director for Cambodia Resident Mission Ms. Jyotsana Varma signed a deal with De Heus TMH at a ceremony attended by Cambodia Minister of Agriculture, Forestry and Fisheries H.E. Veng Sakhon. The ADB nonsovereign project consists of a $15 million loan to De Heus TMH supporting high-quality, affordable, and sustainable animal feed production and a Technical Assistance grant of $500,000 to train 4,000 local maize and poultry farmers. This is the first project to make use of the ADB Private Sector Window.

  • 22 July 2022 ADB Supporting Sustainable Finance in Cambodia

    On 22 July, ADB ASEAN Capital Markets Forum (ACMF) and Securities and Exchange Regulator of Cambodia (SERC) jointly organized a workshop on the “Implication of the Development of Sustainable Capital Market in ASEAN to the Development of Sustainable Bond Market in Cambodia” at Siem Reap province, Cambodia. ADB Country Director for Cambodia Jyotsana Varma delivered welcome remarks. She emphasized the significance of the Cambodian capital market in facilitating the mobilization of private capital for sustainable investments that can contribute to Cambodia's transition to a more resilient future. The workshop was opened by H.E. Socheat Sou, chair of the ACMF and director-general of the SERC. More than 150 ACMF members, government officials, and local capital market participants attended physically and virtually. The workshop highlights OneADB collaboration between Southeast Asia Department (Public Management, Financial Sector, and Trade Division/Cambodia Resident Mission) and Economic Research and Regional Cooperation Department.

  • 27 June 2022 First ADB-Supported Cambodia-Indonesia Financial Services Regulator Knowledge Sharing Workshop Held in Phnom Penh

    The first of an ADB-supported financial services regulator knowledge-sharing workshop series between Cambodia and Indonesia kicked off on 27 June in Phnom Penh, Cambodia. It was one of two workshops under an initiative, supported by ADB's Southeast Asia Department Public Management, Financial Sector and Trade Division, between Cambodia’s newly established Non-bank Financial Services Authority (NBFSA) and Indonesia’s Financial Services Authority Otoritas Jasa Keuangan (OJK). Secretary of State of Cambodia Ministry of Economy and Finance and Secretary-General of NBFSA H.E. Mey Vann presided over the opening event. The kick-off was attended by over 100 NBFSA and MEF leadership and staff, OJK officials, and ADB team, in person, and virtually. The 4-day event will focus on financial policy, covering topics on policy and strategy formulation, implementation and coordination; monitoring and evaluation of policy implementation; and fintech development. It forms part of ADB’s efforts to promote effective coordination and information sharing on financial services regulation to safeguard financial stability within ASEAN. The second workshop in the series focusing on financial sector surveillance will take place in Jakarta, Indonesia in July.

  • 23 June 2022 First Security and Fire Drill Since ADB Cambodia Resident Mission Re-occupancy

    Security focal points of ADB Cambodia Resident Mission, Acting Country Director Anthony Gill and Senior Finance and Admin Officer Andeth Chet Chan on 23 June led a security and fire drill and training for staff safety, security and well-being. Cambodia United Nations Department of Safety and Security (UNDSS) security advisor also attended the drill and training session. The resident mission staff used the opportunity to be trained in how to use of the fire extinguishers in the office, which extinguishers were for which type of fire and on basic fire response behavior. The training was provided by the General Department of Public Order, Fire Police and Rescue at the Ministry of Interior.

  • 15 June 2022 ADB Country Programming Mission 2022 for Cambodia Concluded

    On 15 June, Secretary of State at Ministry of Economy and Finance H.E. Vanndy Hem and ADB Acting Country Director for Cambodia Anthony Gill co-chaired Cambodia Country Programming Mission 2022 wrap-up meeting. Some 110 representatives from government ministries, private sector, and civil society organizations, and ADB staff attended the virtual exchange of insights to identify priority programs and projects and validate outputs and objectives. Executing and implementing agencies of ADB project pipeline for 2023-2025 as well as ADB sector teams reaffirmed their mutual understanding and commitment for the project delivery to address the root causes of the country’s inclusive and sustainable growth and support post-COVID recovery. As scheduled, the Indicative Country Pipeline and Monitoring Report for the next three years will be ready for Board approval in August. 

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