Cambodia Launches Circular Strategy on Environment 2023-2028
The Royal Government of Cambodia, led by the Ministry of Environment, launched the Circular Strategy on Environment 2023-2028 on 15 November 2023.
The Royal Government of Cambodia, led by the Ministry of Environment, launched the Circular Strategy on Environment 2023-2028 on 15 November 2023.
Cambodia recorded 4.4 million international tourist arrivals in the first 10 months of 2023, a 180% increase over the same period in 2022. Tourism Minister Sok Soken remarked that based on this figure, Cambodia is expected to receive approximately 5.4 million foreign visitors in 2023.
ASEAN member countries agreed to fast track the implementation of cross-border payments in ASEAN at the 43rd ASEAN Summit in Jakarta, Indonesia. This paves the way for ASEAN member countries to utilize local currencies when transacting in the region and promote regional payment connectivity. This move encourages the use of local currencies to support cross-border trade and investment in the ASEAN region.
The ASEAN Federation of Forwarders Associations (AFFA) met on 2 December 2023 in Phnom Penh, Cambodia, for their 33rd annual meeting, and discussed facilitation of goods transportation via inter-governmental cooperation in the region.
ASEAN countries have emphasized the development of logistics services, infrastructure, and trade facilitation measures, and promoting intra-bloc connectivity.
The Government of Cambodia is preparing to introduce enhanced travel measures in time for its peak tourism season, which will run from mid-October through March of next year. These measures includes simplifying entry procedures, following the recommendation of Cambodia Prime Minister Hun Manet, and preparing to open the new Siem Reap Angkor International Airport.
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).
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.
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.