world bank
A building leftover from the flooded Kbal Romeas commune in Stung Treng province on September 22, 2020. (Danielle Keeton-Olsen/VOD)

Pandemic ‘Exposed Cambodia’s Structural Weaknesses’: World Bank

The World Bank projected 4 percent GDP growth for Cambodia this year as the region starts to recover from the global pandemic-induced economic downturn, but noted continuing issues with the country’s tourism- and garment-driven economy as well as a high risk of lasting income inequality.

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.