Cambodia and ADB

In the Spotlight

  • ADB Retains Forecast of Strong Growth for Cambodia’s Economy in 2016, 2017

    Economic developments in Cambodia in 2016 have broadly unfolded as expected, says a new ADB report. ADB, in an update of its flagship annual economic publication, Asian Development Outlook (ADO) 2016, retained its forecasts for economic growth at 7.0% this year and 7.1% in 2017.

  • Cambodia Gets Funding Boost to Improve Public Service Delivery

    ADB is expanding a nationwide program to improve public service delivery through a $35 million loan to support the development of efficient and accountable subnational administrations (SNAs).

  • Here Comes Cambodia: Asia's New Tiger Economy

    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.

  • Cambodia and ADB: from Rehabilitation to Inclusive Growth

    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.