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Cambodia and ADB

ADB has been at the forefront of supporting Cambodia’s response and recovery from COVID-19 with budget support and advisory services.

Cambodia Resident Mission: Activities

  • 28 May 2021 Webinar on Digital Platforms and Cambodia’s Post-Covid-19 Economic Recovery

    ADB and the Ministry of Economy and Finance (MEF) co-hosted a public webinar on Digital Platforms and Cambodia’s Post-Covid-19 Economic Recovery on 28 May. Addressing some 260 participating government officials, delegates from development partners, academia, think tanks and civil society organizations, and journalists, H.E. Seilava Ros, MEF Secretary of State, shared an update on the government’s plans and acknowledged contribution to policy development. In his opening remarks, ADB Chief Economist Dr. Yasuyuki Sawada underscored the importance of digital platforms and ADB’s commitment to helping Cambodia achieve its vision for a digital economy and society. James Villafuerte, ADB Senior Economist, presented a summary of 2021 Asian Economic Integration Report theme chapter. Senior officials from government, think tanks, and the private sector shared their perspectives on the report’s findings and key issues in Cambodia.

  • 7 May 2021 ADB 2021 Country Programming Mission for Cambodia Concluded

    ADB and Cambodia’s Ministry of Economy and Finance (MEF) held a wrap-up meeting for the 2021 Country Programming Mission (CPM) on 7 May. The virtual meeting was co-chaired by H.E Vanndy Hem, Secretary of State at MEF and ADB’s Country Director for Cambodia Ms. Sunniya Durrani-Jamal.  Over 200 government officials and ADB staff joined the meeting to discuss the CPM’s findings and ADB’s program for 2022-2024. In their remarks, the Secretary of State and CARM CD emphasized the importance of prioritizing scarce resources to respond to COVID-19, leveraging co-financing and private capital, and integrating innovation into project design and implementation.

  • 28 April 2021 Cambodia’s dissemination of ADO 2021

    Cambodia Resident Mission held a special briefing for journalists and local media on 28 April as part of the launch of the 2021 Asian Development Outlook. In her welcoming remarks, ADB Country Director for Cambodia Ms. Sunniya Durrani-Jamal stressed that, while the recovery has begun, there are significant downside risks, given the recent wave of infections, and slower than expected growth in Cambodia’s major trading partners. Cambodia’s economy is forecast to return to growth at 4.0% this year and 5.5% in 2022. Journalists from 12 media institutions attended the event. A separate dissemination for policy makers and the public will be held on 30 April. 

  • 8 April 2021 Webinar on Reaping the Benefits of Industry 4.0 Study

    ADB on 8 April organized a webinar on the Reaping the Benefits of Industry 4.0 Through Skills Development in High-Growth Industries in Southeast Asia study. In their opening remarks, Secretary of State at Ministry of Economy and Finance H.E. Phan Phalla and ADB Country Director for Cambodia Ms. Sunniya Durrani-Jamal strongly underlined that a robust skills development roadmap that incorporates future industry transformation is vital to optimize IR4 benefits, achieve progress towards a digital economy and mitigate negative effects such as job losses.  The webinar briefly highlighted the South East Asian regional perspective of the study, and key implications and practical actions for consideration by ADB’s developing member countries, especially Cambodia. It engaged discussion among panelists from concerned ministries and ADB, along with Q&A session for over 300 participants including journalists.

  • 29 March 2021 Webinar on ASEAN+3 Multi-Currency Bond Issuance Framework and Potential Thematic Bond Issuance in Cambodia

    Securities and Exchange Regulator of Cambodia (SERC) and ADB on 29 March jointly organized a webinar on ASEAN+3 Multi-Currency Bond Issuance Framework (AMBIF) and Potential Thematic Bond Issuance in Cambodia. In his welcome remarks, SERC Director General H.E. Socheat Sou profoundly thanked ADB for supporting domestic bond market development. ADB Country Director for Cambodia Ms. Sunniya Durrani-Jamal delivered the opening remarks applauding SERC’s efforts in developing corporate bond market and highlighted the potential of thematic bonds to further accelerate local currency bond market development. The webinar discussed (i) local currency bond issuance processes targeted at professional investors based on the AMBIF Implementation Guidelines for Cambodia published last year, and (ii) thematic bond issuance processes and ADB’s resources to support local corporate bond issuers to issue thematic bonds under the ASEAN standards. More than 80 participants from listed companies, potential issuer, underwriter, financial advisor, accounting firm, law firm and CSX participated in the webinar.

  • 3 February 2021 From a battlefield to a resource school – thanks to ADB

    Oudong high school in Kampong Speu province of Cambodia has transformed itself from a battlefield with war remnants into a resource school for its peers in the area through ADB’s Upper Secondary Education Sector Development Program (USESDP). Secretary of State at the Ministry of Education Youth and Sport H.E. Nath Bunroeun and ADB Senior Social Sector Officer Mr. Sophea Mar were impressed by the transformation when leading a joint project implementation support mission to the school on 3 February 2021. Oudong high school was among 50 secondary resource schools made possible by ADB’s program to promote (i) upper secondary school enrollment, (ii) STEM (Science, technology, engineering, and mathematics), student-centered and job-oriented learning and teaching, and (iii) effective school management. The USESDP was approved in 2016 and will be completed by the end of this year.

  • 20 January 2021 First Cambodia CARES Policy Committee Meeting

    Cambodia’s Permanent Secretary of State, Ministry of Economy and Finance, and ADB Alternate Governor H.E. Vongsey Vissoth and ADB Vice President Mr. Ahmed M. Saeed on 20 January co-chaired the committee’s first meeting for the $250 million Cambodia COVID-19 Active Response and Expenditure Support (CARES) Program. Senior government officials from concerned institution and ADB reviewed the program’s implementation and discussed measures to strengthen Cambodia’s response to COVID-19. Mr. Ahmed M. Saeed highlighted the importance of a well-managed vaccine rollout, the needs of women and vulnerable households, and prioritizing measures to stimulate economic recovery.

  • 14 December 2020 Ministry and ADB facilitated discussions to upgrade Cambodia’s education

    The Minister of Education, Youth and Sport (MoEYS), H.E. Hang Chuon Naron and CARM CD Sunniya Durrani-Jamal underlined the need for Cambodia to strengthen workforce skills to meet the rapidly changing requirements of a growing economy. MoEYS and ADB facilitated the discussions through a virtual STEM and EdTech Workshop on 11 December that was attended by nearly 500 participants. The workshop’s outcomes will inform the Cambodia’s Secondary Education Blueprint 2030 (#CAMSEB 2030) and MoEYS’s STEM and Digital Education Strategies and Programs.

  • 4 December 2020 ADB emphasized support to boost e-learning in Cambodia

    ADB’s Senior Social Sector Officer, Sophea Mar, represented the Bank as a guest speaker on learner motivation and engagement in the digital learning environment at Cambodia’s inaugural e-learning forum. The virtual forum was organized by the Ministry of Education, Youth and Sport on 3-4 December and featured a diverse group of experts. ADB emphasized the need to foster e-learning and joined other participants in sharing strategies for responding to COVID-19, envisioning the schools of the future, finding ways to link ICT to future-oriented skills, and promoting development of inclusive learning environments in Cambodia.

  • 27 November 2020 ADB approved loan to boost Cambodia’s agribusinesses

    ADB, on 27 November, approved a $70 million loan to bolster agribusinesses’ capacity to process key agricultural products across six provinces in Cambodia, including Kampong Cham, Tboung Khmum, Kampong Thom, Siem Reap, Oddar Meanchey, and Preah Vihear. The project will facilitate access to credit for local small and medium-sized agribusinesses and link them with agricultural cooperatives to produce competitive and certified agricultural products. The project aims to benefit about 230 agricultural cooperatives and 50 agribusinesses. The project will also pilot a green financing mechanism. The project is cofinanced by Agence Française de Développement, ASEAN Infrastructure Fund, and Japan Fund for Poverty Reduction.

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