Cambodia and ADB
In the Spotlight
For nearly two decades, ADB's Financial Sector Program has helped strengthen Cambodia’s legal framework and expand access to finance.
Cambodia’s economy is expected to remain strong over the next 2 years, driven by solid garment and footwear exports, construction and real estate activities, rising government expenditure, and a moderate recovery in agricultural production, says a new ADB report.
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.
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.
Cambodia is a member of the Greater Mekong Subregion (GMS).
Projects in Cambodia
- Climate-Friendly Agribusiness Value Chains Sector Project
- Tonle Sap Poverty Reduction and Smallholder Development Project - Additional Financing
- Road Network Improvement Project (formerly Second Road Asset Management Project)
- Third Rural Water Supply and Sanitation Services Sector Development Program
- Provincial Water Supply and Sanitation Project
Population in Cambodia, in millions (2016)
Average annual population growth rate in Cambodia (2011-2016)
Population living below the national poverty line in Cambodia (2015)
Maternal Mortality Ratio in Cambodia, per 100,000 live births (2015)