fbpx Cambodia: Activities | Asian Development Bank

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

  • 12 May 2022 ADB promotes international tax integrity standards in Cambodia

    On 12 May 2022, ADB and Global Forum held a virtual meeting with 11 officials from the General Department of Taxation of Cambodia to discuss the implementation of an action plan on beneficial ownership and exchange of information for tax purposes. This meeting is part of ADB’s support for Cambodia’s commitment to establish legal and administrative systems that meet international tax integrity standards, increase capacity to fight tax evasion, and mobilize domestic resources. Learn more about RETA 9433: Enhancing Tax Transparency of ADB Developing Member Countries.

  • 6 May 2022 Cambodia, ADB discuss currency operations and knowledge initiatives

    ADB Assistant Treasurer Jonathan P. Grosvenor, accompanied by Acting Country Director for Cambodia Anthony Gill, met with Cambodia Secretary of State at the Ministry of Economy and Finance (MEF) H.E. Ros Seilava and Deputy Governor of the National Bank of Cambodia H.E. Sum Sannisith on 5 May. They discussed ADB local currency operations; treasury knowledge-sharing initiatives, such as Public Debt Management and Reserves Management Forums and Local Currency Workshops; flexible loan products; and Secured Overnight Financing Rate (SOFR) based interest rates. During his 5-6 May Cambodia visit with Senior Treasury Specialist Lei Wang, the Assistant Treasurer also met with other senior officials from leading commercial banks and securities firms in the country as well as with staff at the ADB Cambodia Resident Mission.

  • 5 May 2022 CSOs consulted on ADB’s priority assistance

    ADB Acting Country Director for Cambodia Anthony Gill on 5 May 2022 chaired a consultation with civil society organization (CSO) representatives to share the status of ADB’s assistance to Cambodia and discuss future priority lending for the country, as part of the country program mission (CPM) for 2022. Representatives from 14 key CSOs in Cambodia attended the consultation and highlighted post-pandemic priority sectors, including health, agriculture, education, financial literacy, information technology, and soft and life skills. 

  • 28 April 2022 Fostering Cambodia’s Skills Development Roadmap and Industry Transformation Map of Textile and Apparel Sector

    In their opening remarks for a virtual consultation workshop on Cambodia’s Skills Development Roadmap and Industry Transformation Map (ITM) of Textile and Apparel Industry on 28 April, Minister Delegate Attached to the Prime Minister at the Ministry of Labor and Vocational Training H.E. Pich Sophoan, Secretary of State at the Ministry of Economy and Finance H.E. Phan Phalla, and ADB Acting Country Director for Cambodia Mr. Anthony Gill, collectively underlined the need for Cambodia’s education and skills development ecosystem strengthening to be responsive to the current and emerging trend of its economy. The workshop engaged a panel discussion that triggered insights from participating representatives from relevant government bodies, private sector, development partners, civil society organizations, and education and training institutions. The roadmap and ITM are expected to be approved by the government this year. Over 250 participants joined the half-day consultation workshop.

  • 26 April 2022 Cambodia, ADB discuss development priorities and cooperation

    Visiting ADB’s Director General of Southeast Asia Regional Department Mr. Ramesh Subramaniam on 21 April met with Cambodia Deputy Prime Minister and Minister of Economy and Finance (MEF) and ADB Governor, H.E. Aun Pornmoniroth, to discuss global and regional developments, the country’s development priorities, ADB's Strategy 2030 implementation including climate change support, and ADB programs and projects. During his visit to Cambodia from 21-26 April, the DG also met with other senior officials at MEF, National Bank of Cambodia, Ministry of Water resources and Meteorology and the Ministry of Education, Youth and Sports. He visited flagship project sites, including the irrigation scheme of the Uplands Irrigation and Water Resources Management Sector Project, and the Climate Resilient Rice Commercialization Sector Development Program. The DG also held discussions with the business community and Civil Society Organizations as well as meeting with CARM staff.

  • 6 April 2022 ADB launches economic outlook 2022

    ADB Cambodia Resident Mission (CARM) on 6 April held a webinar to disseminate the country’s chapter in the Asian Development Outlook 2022 (ADO 2022). ADB Acting Country Director for Cambodia Mr. Anthony Gill, Country Economist Ms. Sophie Duong T. Nguyen, and Senior Economics Officer Mr. Poullang Doung presented the macroeconomic outlooks and answered questions from journalists, academia, and representatives from embassies, United Nations agencies, funding institutions, and civil society organizations. Cambodia’s economy is forecast to grow 5.3% in 2022 and 6.5% in 2023 thanks to strong merchandise exports and foreign direct investment inflows.

  • 10 March 2022 Positive Impacts of ADB-Rehabilitated Mega Irrigation System in Cambodia

    Asian Development Bank (ADB) and the Ministry of Water Resources and Meteorology on 9-10 March conducted a joint visit to see the impacts of the rehabilitated Damnak Chheukrom mega irrigation system financed by ADB through the Greater Mekong Subregion Flood and Drought Risk Management and Mitigation Project in Cambodia’s Pursat province. ADB Senior Project Officer Piseth Long and the ministry’s delegation appreciated the irrigation system that remarkably reduces the possibility of seasonal flash floods in the province. In redirecting a large amount of water into local lakes, the scheme also increases the opportunities for rice farming in thousands of households all year round.

  • 15 February 2022 ADB approves loan to support Cambodia’s procurement of COVID-19 vaccines

    ADB on 15 February approved a $95 million loan to help the Cambodia Government provide vaccines against the COVID-19 in 2022 and 2023, including annual booster shots for those already vaccinated and primary doses for children under 5. The Cambodia Rapid Immunization Support Project under ADB’s Asia Pacific Vaccine Access Facility (APVAX) aims to reduce the number of severe coronavirus cases and accelerate the country’s economic recovery from the pandemic. ADB will also provide $1 million in technical assistance to support the COVID-19 vaccine post-introduction evaluation, improve effectiveness of logistics and supply management systems, reduce access barriers, and provide implementation support to the Ministry of Health.

  • 3 February 2022 ADB, Education Ministry Joint Visit to Resource School after School Reopening

    ADB and the Minister of Education Youth and Sport on 3 February conducted a joint visit to see the progress of school management, as well as teaching and learning at a Secondary Resource School supported by ADB in Kandal province. The Minister, H.E. Hang Chuon Naron and ADB Acting Country Director for Cambodia Mr. Anthony Gill were impressed by the performance of the resource school, especially the remedial actions to address the learning loss due to COVID-19 driven school closure. Through the commitment to integrating 21st century skills into the country’s upper education curriculum we have developed 50 secondary resource schools in the capital and provinces of Cambodia.

  • 31 January 2022 ADB Approved 2 Grants to Boost Tourism and Rice Production in Cambodia

    The Asian Development Bank (ADB) has approved two grants totaling $6.8 million to help revive tourism in Cambodia, boost the country’s rice quality and production, and repair the rice supply chain damaged by the coronavirus disease (COVID-19) pandemic. They are the Community-Based Tourism COVID-19 Recovery Project of $3.7 million and the additional financing for the Climate Resilient Rice Commercialization Sector Development Program of $3.9 million that will cover five provinces of the country. The first grant will help communities improve tourism infrastructure and customer service, and the second will help Cambodia’s rice producers increase incomes and climate resilience by addressing logistics and supply chain disruptions caused by COVID-19.

Pages

Latest on Cambodia

COVID-19 Pushed 4.7 Million More People in Southeast Asia Into Extreme Poverty in 2021, But Countries are Well Positioned to Bounce Back — ADB

16 Mar 2022 | News Release

COVID-19 Pushed 4.7 Million More People in Southeast Asia Into Extreme Poverty in 2021, But Countries are Well Positioned to Bounce Back — ADB

The COVID-19 pandemic pushed 4.7 million people in Southeast Asia into extreme poverty in 2021, as 9.3 million jobs disappeared, compared with a baseline no-COVID scenario, according to a new ADB report presented at SEADS.

$95 Million ADB Loan to Help Cambodia Purchase Safe and Effective COVID-19 Vaccines

15 Feb 2022 | News Release

$95 Million ADB Loan to Help Cambodia Purchase Safe and Effective COVID-19 Vaccines

ADB has approved a $95 million loan to help the Cambodian government vaccinate Cambodians against COVID-19 from 2022 to 2023, including annual booster shots for those already vaccinated and primary doses for children under 5.

Providing Diverse Solutions through Cambodia’s Commune Development Program

19 May 2022 | Video

Providing Diverse Solutions through Cambodia’s Commune Development Program

ADB- and GAFSP-supported Commune Land Use Planning (CLUP) initiative in Cambodia addresses the demands of diverse stakeholders while balancing the need for environmental sustainability and socio-economic development in a transparent, equitable, and managed framework.

Promoting Climate Resilience in Cambodia’s Rice Sector

19 May 2022 | Video

Promoting Climate Resilience in Cambodia’s Rice Sector

The ADB-supported Climate Resilient Rice Commercialization Sector Development Program, or Rice-SDP, increases Cambodia agriculture’s access to finance, equipment and infrastructure that improves rice seed quality, yields, post-harvest technology, and export potential.