world bank
A family collects rainwater to save money on water expenses, in Phnom Penh’s Chbar Ampov district on June 12, 2020. (Hun Sirivadh/VOD)

Poverty to Increase in Economic Downturn: World Bank

Hit by the global economic slowdown and the loss of E.U. trade benefits, Cambodia’s economy is projected to contract 2 percent this year, with the World Bank warning that poverty rates will be on the rise regionwide.

Construction workers at a building site in Phnom Penh in January 2015 (Philip Brookes/Flickr)

World Bank Warns of Economic Risks Amid Strong Growth

Possible E.U. trade sanctions, rising indebtedness and slowing foreign investment — which “peaked” last year — pose substantial risks to the Cambodian economy despite continuing strong growth, the World Bank said in its latest country update.

Phnom Penh

World Bank Warns of Risks of Losing EBA

The World Bank has warned of the economic risks of Cambodia losing preferential trade access to the European Union, and urged the government to be ready with measures to mitigate the potential shocks to the economy.