Cambodia and ADB
In the Spotlight
ADB's Country Partnership Strategy with Cambodia for 2019–2023 supports the country's ongoing transition through investments, technical assistance, knowledge and policy advice. Download the strategy
Cambodia has long stretches of pristine beaches. However, tourism is highly concentrated in the area around the temples of Angkor. To spread the economic benefits of tourism, ADB is helping the Ministry of Tourism promote coastal tourism by improving infrastructure and environmental management.
ADB has approved a $60 million loan to boost the skills and competitiveness of Cambodia’s growing labor force, as the Government of Cambodia seeks to transition its economy from a low-skilled, labor-intensive growth model to a high skills-driven one.
As Cambodia’s largest multilateral development partner, ADB’s completed projects between 2011 and 2017 have provided better education, improved water supply, and delivered new or improved sanitation to thousands of rural households, and constructed or upgraded more than 1,400 kilometers of roads.
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.
The objective of the country partnership strategy for Cambodia, is to support the country become competitive and ensure inclusive development, for the long term.
Cambodia is a member of the Greater Mekong Subregion (GMS).
Projects in Cambodia
- Creating Ecosystems for Green Local Currency Bonds for Infrastructure Development in ASEAN+3
- Second Decentralized Public Service and Financial Management Sector Development Program, Subprogram 1
- Building Disaster-Resilient Infrastructure through Enhanced Knowledge
- Greater Mekong Subregion Healthy Border Special Economic Zones Project
- Livable Cities Investment Project
- Supporting Internationalization of Small and Medium-Sized Enterprises:Linking India and the Greater Mekong Subregion
- Connecting the Railways of the Greater Mekong Subregion (Phase 2)
- Promoting an Interconnected, Inclusive, and Resilient Association of Southeast Asian Nations Capital Market
- Greater Mekong Subregion Sustainable Agriculture and Food Security Program
- Greater Mekong Subregion Climate Change and Environmental Sustainability Program