World Bank Supports Upgrade of Cambodia’s National Road 4
The World Bank approved in June $110 million in additional financing to improve the condition, safety, and climate resilience of a key highway in Cambodia.
The World Bank approved in June $110 million in additional financing to improve the condition, safety, and climate resilience of a key highway in Cambodia.
PHNOM PENH, CAMBODIA (4 July 2018) — The Asian Development Bank’s Board of Directors has approved a $90 million loan to help Cambodia strengthen climate resilience and modernize the agriculture sector using advanced technologies.
Thailand was the host of the 8th ACMECS Summit, which was attended by (from left) Myanmar President U Win Myint, Viet Nam Prime Minister Nguyen Xuan Phuc, Thailand Prime Minister Prayut Chan-o-cha, Cambodia Prime Minister Hun Sen, Lao People's Democratic Republic Prime Minister Thongloun Sisoulith and ASEAN Secretary-General Lim Jock Hoi. Photo courtesy of the Ministry of Foreign Affairs, Thailand.
Asian Development Bank President Takehiko Nakao reaffirmed ADB's support to the Ayeyawady-Chao Phraya Mekong Economic Cooperation Strategy in a video message shown at the 8th ACMECS Summit on 16 June in Bangkok.
Five Mekong River Basin countries have agreed on a 5-year master plan that includes promoting the smooth flow of goods and people in the East-West Economic Corridor and Southern Economic Corridor of the Greater Mekong Subregion.
Climate change poses threats to public health in the Greater Mekong Subregion, which is already experiencing hotter weather, longer dry seasons, and changing rainfall patterns.
Southeast Asia continues to benefit from the rise in global trade and the pickup in commodity prices. It is expected to maintain its 2017 growth rate of 5.2% in both 2018 and 2019, according to the Asian Development Outlook 2018.
PHNOM PENH, CAMBODIA (11 April 2018) — Cambodia’s economy is expected to grow at 7% in 2018 and 2019, bolstered by solid global economic growth, according to the Asian Development Bank's flagship annual economic publication, Asian Development Outlook 2018, released today.
The Asian Development Bank (ADB) has secured funding from the Green Climate Fund (GCF) for its climate change project in Cambodia.
The Mekong Business Initiative, sponsored by the Australian government and the Asian Development Bank, catalyzes lending to promising small and medium enterprises.
The Stock Exchange of Thailand plans to launch a pan-Mekong board and index to tap growing investor interest in developing Mekong economies. The plan, however, is still in its early stages and has not yet reached the Securities and Exchange Commission.