The COVID-19 pandemic created a crisis for communities around the world. In tourist hubs and border towns of Cambodia and Thailand, families were particularly hard hit, struggling to survive amid travel restrictions and economic downturns. To address this crisis, ADB tapped local-based civil society organization Mith Samlanh to implement a project which provided support and assistance to these communities.
ADB’s Multi-Donor Project Readiness Improvement Trust Fund (PRI Fund) helps Southeast Asia prepare and design infrastructure projects with climate-resilient features.
Cambodia’s economy is forecast to grow at 5.5% in 2023 and 6.0% in 2024 on a more robust tourism recovery and higher growth in the services sector, according to a report released today by the Asian Development Bank (ADB).
Caption: Photo by Chor Sokunthea/ADB
The Asian Development Bank (ADB) has approved a $50 million policy-based loan under subprogram 1 of the Trade and Competitiveness Program to support the Government of Cambodia to diversify the country’s economy and boost its global competitiveness.
Caption: Photo by Eric Sales/ADB
The Asian Development Bank (ADB) has approved a $73 million financing package to boost the climate resilience and sustainability of coastal and marine fisheries in Cambodia.
The Asian Development Bank (ADB) has approved a sector development program that combines a $50 million policy-based loan package with $23 million in project investments to support the energy transition of Cambodia. The Energy Transition Sector Development Program includes ADB’s first comprehensive policy reform package for the energy sector in Cambodia.
Cambodia has welcomed over 1.57 million international visitors during the first ten months of 2022, according to the latest report of the country’s Ministry of Tourism. The number of foreign tourists grew by 991.1% compared to the same period in 2021. According to data, tourist arrivals are as follows: around 1 million by land, around 560,000 by air, and 10,000 by waterway.
The Asian Development Bank has approved a $62.9 million package to help Cambodia enhance food security and promote inclusive economic growth by improving livestock health and value chains, and the formal trade of livestock and livestock products.
Health outreach activities (left) and Cambodian migrant workers (right) at the border gate in Thailand.
The Asian Development Bank (ADB) has approved $32.5 million in financing to improve access to quality health services in Banteay Meanchey, a border province in northwest Cambodia that serves as a hub for departing and returning migrants, and those seeking employment in the province’s special economic zones.
Power lines from the 1070 MW Nam Theun 2 hydropower plant in Lao PDR. 95% of the power produced by the plant is exported to Thailand, and the rest are consumed locally. Photo by Ariel Javellana/ADB.
The Government of the Lao People’s Democratic Republic is increasing its electricity exports generated from its hydropower projects to its neighbors in the Greater Mekong Subregion, including Viet Nam. Lao PDR and Viet Nam have signed MoUs targeting to export 8,148 MW from Lao PDR to Viet Nam by 2030. Lao PDR also signed contracts with Viet Nam Electricity (EVN) to implement 25 projects with a combined capacity of 2,180 megawatts.
Greater Mekong Subregion Secretariat
Regional Cooperation and Operations Coordination Division,
Southeast Asia Department, Asian Development Bank
Address: 6 ADB Avenue, Mandaluyong City 1550, Metro Manila, Philippines
Telephone: +63 2 8632 4444 Fax: +63 2 8636 2226
