The

World Bank Group The World Bank Group (WBG) is a family of five international organizations that make leveraged loans to developing countries. It is the largest and best-known development bank in the world and an observer at the United Nations Development Grou ...

(WBG) has operated in

Cambodia Cambodia (; also Kampuchea ; km, កម្ពុជា, UNGEGN: ), officially the Kingdom of Cambodia, is a country located in the southern portion of the Indochinese Peninsula in Southeast Asia, spanning an area of , bordered by Thailand t ...

since October 8, 2004, playing a significant role in Cambodia's development. WBG operates the Emergency Rehabilitation Project. From 1993 to 2017,

World Bank The World Bank is an international financial institution that provides loans and grants to the governments of low- and middle-income countries for the purpose of pursuing capital projects. The World Bank is the collective name for the Interna ...

projects in Cambodia have focused on economic rehabilitation,

agriculture Agriculture or farming is the practice of cultivating plants and livestock. Agriculture was the key development in the rise of sedentary human civilization, whereby farming of domesticated species created food surpluses that enabled people to ...

, disease control, health and

child welfare Child protection is the safeguarding of children from violence, exploitation, abuse, and neglect. Article 19 of the UN Convention on the Rights of the Child provides for the protection of children in and out of the home. One of the ways to e ...

. During these years, Cambodia experienced a rise in World Bank projects related to children's welfare and the educational system. The Total Project Budget Commitment was $243.1 million. $173.2 million is for funding projects from the World Bank and

International Development Association The International Development Association (IDA) (french: link=no, Association internationale de développement) is an international financial institution which offers concessional loans and grants to the world's poorest developing countries. Th ...

(IDA) and the other $69.9 million is for development partner funding via the Cambodia Trust Fund. Twelve projects are active.

IDA Health Equity Funds

The IDA has been a main stakeholder in Cambodia's improvement and capabilities, specifically in the areas of poverty, rural health care, and education. The IDA Health Equity Funds allow 8.46 million more Cambodians to have access to hospitals. As of 2008, only 58% of babies were delivered by trained physicians. IDA funds helped increase that number to 85%. IDA funds helped with the education and training of 24,577 teachers, as a result of World Bank testing of the Khmer language, with the results showing a deficiency in reading. The IDA helped create the Cambodia Education Sector Support Project, which allowed children to receive assessments to alter the way the teachers would be trained.

Poverty reduction

Cambodia surpassed the

Millennium Development Goal The Millennium Development Goals (MDGs) were eight international development goals for the year 2015 that had been established following the Millennium Summit of the United Nations in 2000, following the adoption of the United Nations Millenniu ...

in terms of poverty reduction in 2014, dropping the rate from 53% (in 2004) to 20.5% (in 2011).

References

{{World Bank Finance in Cambodia World Bank Group relations

IDA Health Equity Funds

Poverty reduction

See also

References