ADB approves over 29 mln USD loan for Cambodia to improve public services
The Asian Development Bank (ADB) has approved over 29 million USD in loan for Cambodia to help the country improve service delivery through key reforms in public financial management and decentralization, said a press statement on September 23.
Cambodia's capital city of Phnom Penh. (Photo: International Residental)
Hanoi (VNA) - The Asian Development Bank (ADB) has approved over 29million USD in loan for Cambodia to help the country improve service deliverythrough key reforms in public financial management and decentralization, said apress statement on September 23.
TheSecond Decentralised Public Service and Financial Management Sector DevelopmentProgramme includes a 20-million-USD policy-based loan that will support aprogrammatic approach to strengthening local governments' fiscal planning andmanagement, as well as public administration, the statement said.
Italso includes a 9.35-million-USD project loan to help build the National Schoolof Local Administration, a dedicated training center for local governmentofficials, it added.
"Theproject aims to help local governments across Cambodia provide sustainable,effective, and efficient delivery of basic public services, while also bridgingthe urban-rural divide," said ADB senior public management specialistJhelum Thomas.
"Theproject is much needed, as the coronavirus disease (COVID-19) pandemic has seensignificant numbers of people move from urban to rural areas," she said."This will put more pressure on local governments to provide socialassistance and basic services such as roads, water supply, and sanitation tosupport inclusive and equitable growth."
Accordingto the statement, more than 70 percent of Cambodians lived on less than three USDa day and access to basic services has been uneven. Poor and vulnerable households are especially at risk amid theCOVID-19 pandemic, which has led to a significant decline in key sectors ofCambodia's economy and losses in livelihoods./.
The Asian Development Bank (ADB) has approved a 127.8 million USD loan to support the construction of transmission lines and substations in Cambodia, the bank said in a press statement.
The Asian Development Bank (ADB) has approved a 500-million-USD policy-based loan to allow the Philippines to quickly access emergency financing in the event of disasters triggered by natural hazards or public health emergencies.
Vietnam’s economy is forecast to expand 1.8 percent in 2020 amid the coronavirus and bounce back in next year, while economies across developing Asia will contract this year for the first time in nearly six decades but recovery will resume next year, according to a recent report released by the Asian Development Bank (ADB).
Despite relatively effective containment of Covid-19, the impact of the pandemic on Thailand's economy has been more severe than expected and economic recovery remains elusive, with annual GDP poised to shrink by 8 percent, says the Asian Development Bank (ADB).
Coordinating Minister for Economic Affairs Airlangga Hartarto and EAEU Trade Minister Andrey Slepnev jointly declared the conclusion of FTA talks on the sidelines of the 28th St. Petersburg International Economic Forum (SPIEF 2025), according to the statement.
The article stressed that throughout his revolutionary career, the founder of modern Vietnam consistently regarded the revolutionary press as a vital part of the Vietnamese Party’s and nation’s revolutionary struggle.
Pichai said the trade talks with the US are important and need to move forward professionally, without regard for any political changes in Thailand, believing that Thailand has clear principles, guidelines and procedures in place.
The tax adjustment supports the Malaysian Government’s strategy to reduce reliance on foreign food supply chains and to assist domestic farmers, a finance official has said.
The proposed venue is located in the Chatuchak area of Bangkok, featuring eight public sites, including Krungthep Aphiwat Central Terminal and several nearby parks.
Connectivity is expected to improve further with the completion of the fifth Laos–Thailand Friendship Bridge by the end of 2025, facilitating logistics and agricultural exports to Vietnam, Thailand, and China.
Two naval gunboats intercepted a fishing vessel carrying 1.5 tonnes of methamphetamine hydrochloride off the coast of the main island of Luzon just before dawn, in a joint operation with the Philippine Drug Enforcement Agency.
In the today context of socio-economic development and growth, the professionalism of Vietnam’s revolutionary journalists continues to rise, guided by exemplary mastery of new information technologies and the modernisation of their founding principles to preserve the enduring values of revolutionary journalism.
Thai Permanent Secretary of the Ministry of Commerce Vuttikrai Leewiraphan Thailand's formal proposal will be substantial enough for the US to consider further detailed negotiations. He hoped for a tariff rate not exceeding 10% and suggested that the US might extend the negotiation period if an agreement is not reached by the July 8 deadline.
Organised by the Ministry of Culture and the Association of Thai Silk & Culture Promotions, the event honors Her Majesty the Queen on her 47th birthday anniversary and promotes Thai craftsmanship on an international stage.
Prensa Latina's recent article on Vietnam’s assurance of smooth and effective transition to a leaner structure highlighted Prime Minister Pham Minh Chinh’s latest directions on implementing 28 resolutions regarding the decentralisation and delegation of authority.
The lab focuses on four key thematic areas: energy transition and green innovation, sustainable agriculture, circular economy and sustainable cities, and nature-based solutions and biodiversity.
The key content of the document titled "Accelerating Innovative Strategies: Addressing the OOSCY Challenges" will be refined further in a seminar preceding the 47th ASEAN Summit in Kuala Lumpur this October.
This follows Telegram’s serious failure to address the content that has been repeatedly reported to them, despite various efforts of negotiation and cooperation made by MCMC, it said.
Efforts to empower women must transcend dialogue and translate into concrete commitments, including corporate pledges and government partnerships, according to the spouse of Malaysian Prime Minister Anwar Ibrahim.
The forum featured two in-depth discussion sessions, engaging representatives from governments, think tanks, and businesses from both ASEAN and China, on how to forge closer ties for a common future.
The new FIFA Hub in Jakarta will not only support football development in Indonesia but also serve as a coordination centre for 21 football associations across Southeast and East Asia.
Minister Counselor Nguyen Hoang Nguyen reaffirmed Vietnam’s principled and consistent stance on the Palestine issue, calling for an immediate and lasting ceasefire across the entire Gaza Strip.
PM Anwar Ibrahim affirmed the determination of Malaysia, as ASEAN Chair for 2025, to utilise all viable regional mechanisms of the bloc and work with partners to de-escalate violence and restore a peace process led by Myanmar.
Cambodia's capital city of Phnom Penh. (Photo: International Residental) 
