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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

  • 18 October 2021 ADB approves loan for Cambodia’s financial sector development

    ADB on 15 October approved a $40 million policy-based loan to support the Government of Cambodia’s efforts to expand access to credit among micro, small, and medium-sized enterprises, implement reforms to boost financial stability, and upgrade financial sector infrastructure. The third subprogram of the Inclusive Financial Sector Development Program will help the country develop an efficient and stable financial sector by bolstering financial inclusion and financial stability.

  • 12 October 2021 Cambodia agencies joined in project financial management and disbursement seminar

    His Excellency Thirong Pen, Under Secretary of State, Ministry of Economy and Finance opened a project financial management and loan and grant disbursement seminar held 12-14 October 2021. The seminar aimed to improve capacities of executing and implementing agencies in understanding ADB financial management requirements and disbursement operations. Over 135 participants from Cambodia executing and implementing agencies joined in the program.

  • 8 October 2021 $30 Million ADB Financing to Support Cambodia’s COVID-19 Response

    ADB on 8 October approved $30 million in financing to help strengthen Cambodia’s health system amid a surge in new infections and sustained community transmission of the coronavirus disease (COVID-19). The assistance includes a $25 million loan as additional financing for the Greater Mekong Subregion (GMS) Health Security Project. It will boost laboratory services and infection prevention control at 81 provincial and district referral hospitals across the country. It will improve disease surveillance and response systems; COVID-19 outbreak management; and contact tracing at central, provincial, and district health agencies. ADB will also administer a $5 million grant from the Government of Japan’s Japan Fund for Poverty Reduction to improve emergency care at 14 provincial hospitals under the project.

  • 22 September 2021 Media briefing on Cambodia section in ADOU 2021

    ADB Cambodia Resident Mission (CARM) on 22 September held a special briefing for journalists and local media as part of the launch of the Asian Development Outlook 2021 Update. In her welcoming remarks, CARM Country Director Ms. Sunniya Durrani-Jamal stressed that the protracted pandemic has hurt services and domestic demand in Cambodia while lockdowns and temporary factory closures hit production in the garments, travel goods, and footwear sector earlier this year. This update revises down the forecast for Cambodia’s growth in 2021 to 1.9% (from the April forecast of 4.0%), but a rebound of 5.5% is expected in 2022. Journalists from 14 media institutions attended the event.

  • 25 August 2021 ADB-supported Cambodia’s National School of Local Administration Launched

    The Ministry of Interior and the Asian Development Bank on 25 August launched Cambodia’s National School of Local Administration (NASLA). The NASLA institute will provide structured capacity building to civil servants in subnational government and will play a central role in strengthening the resilience, effectiveness and responsiveness of public service delivery. Addressing over 150 participating representatives from relevant government bodies, development partners and subnational administration (SNA) officials, the Ministry of Interior Permanent Secretary of State H.E. Sak Setha highlighted ADB’s early engagement and support to Cambodia’s decentralization and deconcentration reforms resulting in the achievement of key political, social, financial and administrative milestones.  In her opening remarks, the ADB Country Director for Cambodia Resident Mission Ms. Sunniya Durrani-Jamal underlined the critical role of subnational civil servants in delivering public services to the Cambodian people, especially to the most marginalized and vulnerable groups including those impacted by the increasing threats of climate change, often felt most acutely at the subnational level. Under ADB’s Second Decentralized Public Service and Financial Management Program (DPSFM II) approved last year, the ADB project loan of $9.35 million will support operationalizing NASLA as a high-quality education and training institute for SNA staff, tailored to meet their evolving roles and responsibilities for the development of a motivated and progressive workforce at the subnational level. 

  • 23 July 2021 ADB and NBC Launch Macroeconomic Surveillance Database System

    The Economic Research and Regional Cooperation Department, together with the National Bank of Cambodia (NBC), launched the Macroeconomic Surveillance Database System (MSDS) on 23 July 2021. Supported by a technical assistance funded by the government of Japan's Investment Climate Facilitation Fund, the MSDS is a web-enabled database which produces timely indicators and reports on Cambodia’s macroeconomic and financial conditions. NBC Deputy Director General of Central Banking Directorate Mr. Khou Vouthy and Head of Portfolio Administration Unit at the ADB Cambodia Resident Mission Mr. Anthony Gill delivered the opening remarks; and Regional Cooperation and Integration Division (ERCI) Office in Charge Mr. Jong Woo Kang provided the closing remarks. The event was attended by around 50 participants, including officials from the National Bank of Cambodia.

  • 26 June 2021 ADB hosts Ignite Talks on “Women in Leadership: The Journey of Becoming”

    ADB in cooperation with Ignite Cambodia on 26 June hosted the Ignite Talks under the theme “Women in Leadership: The Journey of Becoming”. In her keynote speech, ADB Country Director for Cambodia Ms. Sunniya Durrani-Jamal encouraged more Cambodian women to take on leadership roles. She stressed that female leadership, as well as gender equality, is critical to accelerating economic empowerment, human development, leadership, poverty reduction, and resilience to external shocks. Over 310 representatives from government agencies, development partners, civil society organizations, academia, think tanks, and journalists attended the public event that featured nine prominent female leaders and entrepreneurs. The speakers shared their inspiring lived experiences as role models for the generations to come.

  • 16 June 2021 Launch of the ADB-CDRI Depository Library & ADB publication - Asia's Journey to Prosperity

    ADB and the Cambodia Development Resource Institute (CDRI) on 16 June co-hosted a public webinar to launch a pioneering partnership to enable the Cambodian public to access ADB’s digital publications through CDRI’s online catalogue, and to launch ADB’s special publication “Asia's Journey to Prosperity: Policy, Market, and Technology Over 50 Years”. Representing the Cambodian government, Secretary of State at the Ministry of Economy and Finance H.E. Vanndy Hem extended strong support for the ADB-CDRI partnership and expressed his appreciation in joining the public discussion on Asia’s Journey to Prosperity publication with ADB Chief Economist Mr. Yasuyuki Sawada and Director of the Center for Development Economics and Trade at CDRI Mr. Vathana Roth. The moderated panel discussion considered the factors that explain Asia’s economic success and the key drivers of growth and poverty reduction in Cambodia. In closing the event, ADB’s Country Director for Cambodia Ms. Sunniya Durrani-Jamal underlined that knowledge and innovation are key elements of ADB’s support to its Developing Member Countries (DMCs).

  • 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.

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