Cambodia’s economy is lagging behind other Asean countries, making it hard to meet the level of other Asean countries, finance officials said Wednesday. Cambodian and Asean economic officials were meeting in Phnom Penh to push for economic integration for 2015. Hang Chhuon Narong, secretary of state for the Ministry of Finance, said Cambodia was facing inflation of 6.5 percent, which was curbing economic growth
There was a time, not so long ago, when International Women’s Day would have passed in Cambodia without most people noticing. But its significance is recognized by more people now with each passing year. On March 17th, more than 200 women gathered at a Women Leaders reception to celebrate International Women’s Day. The reception’s guest [...]
Phnom Penh, 1 April, 2008 – Growth in developing East Asia will decline by around one to two percentage points to around 8.5% in 2008 as a result of the unfolding financial turmoil in the US and the resulting global slowdown, says the World Bank’s latest six monthly review of the East Asia and Pacific [...]
The results of a study comparing the business environments of Cambodia’s ten most economically active provinces and municipalities were announced on October 26, 2006 in a seminar for 200 representatives from government, private enterprise, donor agencies and the media. This survey, the 2006 Provincial Business Environment Scorecard (PBES), is a joint initiative of the International [...]
he World Bank is preparing a new Poverty Assessment for the Consultative Group Meeting to be held in March 2006. World Bank newsletter interviews Tim Conway, Poverty Specialist at the World Bank’s Cambodia Office, about poverty rates, poverty lines and related indicators. Q: How is the poverty line calculated? A: To calculate a “poverty line” [...]
Cambodia also Resilient to External Shocks and Growing at 6 percent Emerging East Asia grew at just over 6 percent in 2005 as the region’s economies countered a series of threats, including rising oil prices and interest rates, the high-tech slowdown, and the end of preferential export quotas for garments, according to the World Bank’s [...]
The Government’s Public Financial Management (PFM) Reform Program is one of the major economic and governance initiatives that the World Bank and other development partners support. The World Bank Newsletter had the opportunity to interview Dr. Robert Taliercio, Senior Country Economist for Cambodia, about his work on Cambodia’s PFM reform over the past five years. [...]
After seven years as the World Bank Country Director for Cambodia, Mr. Ian Porter will end his term in September. We had an opportunity to catch up with him and get his perspective on Cambodia’s social and economic development over the last seven years. Q: When you first arrived as the World Bank Country Director [...]
Cambodia has moved up 15 places in Doing Business in 2009, a report published on September 10 by IFC and the World Bank, that compares the ease of doing business around the world. Cambodia’s significantly higher standing is the result of reforms that make it easier for businesses to get credit and to close a [...]