Cambodia recently made the transition from a low income to a lower middle-income country, according to the World Bank’s rankings.
The World Bank concedes the Cambodia Public Finance Management system is strong.
As Cambodia moves to lower middle-income country, it expects a decline in preferential trade treatment and donor financing.
Exploring Islamic microfinance principles within Asean brings significant returns.
Urbanisation planning is very important for all 10 countries in Asean to benefit people through the development and growth of major cities in the region.
“To me, Cambodia does not look like a country that should be in arrears. Buildings coming up all over the city, foreign investment coming in, government revenue is rising rapidly.”
As Asean is working towards the realisation of its 2025 vision, it must holistically address the development disparity and capacity gap between and within the member states.
World Bank to disburse $540m to finance economic development in Cambodia.
The “ger” districts’ crowded residential clusters and smoggy grey air are a far cry from the sprawling grasslands that Jamiynsurengiin Olzod, a 35-year-old seamstress, once called home.
Syria’s six-year conflict has ravaged its infrastructure and caused losses to its economy of $226 billion, according to estimates published by the World Bank yesterday.
Cambodia invested more than $1 billion on infrastructure, especially on transpor.
The World Bank says Cambodia along with Laos and Myanmar are the fastest growing economies in East Asia.