Affordable housing project remains unclear

Affordable housing project remains unclear

On

No country has achieved high levels of economic growth without urbanization. For more than two decades, Cambodia has been on a promising path to strong economic performance with an average growth of 7% annually. The Kingdom’s economic status was transformed to a lower-middle-income country with Gross Domestic Product (GDP) per capital approximately 1,270​USD in 2016. By 2030, Cambodian population in urban area will increase from 27% to 44% (or approx. 8 million) of the total population.

World Bank commits $540 million to Cambodia

World Bank commits $540 million to Cambodia

On

Source: khmertimeskh

The World Bank will disburse some $540 million from 2018 to 2021 to finance economic development in Cambodia with a focus on supporting the implementation of the government’s Industrial Development Policy as well as other socio-economic projects.

The committed financing was revealed on Tuesday in a meeting between the newly appointed World Bank