Tag Archives: Cambodia economy

Economy To Shrink 1.5 Percent: ADB

The global economic recession is expected to contract Cambodia’s economy by about 1.5 percent this year, the Asian Development Bank reported Tuesday, with the key economic drivers affected. Dwindling clothing exports, especially to the US market, along with a slow-down … Continue reading

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Asian Countries Suffer From Weak Institutions: ADB

Asia is suffering from a deficit of governance, public management and rule of law, in large part due to corruption, a senior Asian Development Bank official said, urging institutional capacity building for countries like Cambodia to climb out of poverty. … Continue reading

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US Gives Money To Boost Economic Performance

The US provided $7.79 million to the government Wednesday to aid economic growth performance, as international institutions have warned of a shrinking economy. The funds will be used to expand USAID’s program for micro-, small- and medium-sized enterprises, which seeks … Continue reading

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USD 59.4 million in concessional loans granted by ADB

In response to fight against the global financial crisis, the amount of $59.4 million in concessional loans has been granted to Cambodia by Asian Development Bank (ADB). The money has been made available through the bank’s Asian Development Fund (ADF), … Continue reading

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SMEs need to access financing

Due to the effect of the global economic slowdown, the large-scale investments in Cambodia are slowing down. It is hopeful that small and medium enterprises (SMEs) play an important role in improving economic development and creating sustainable employment and income, … Continue reading

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