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Urban Development

Cambodia's Relative Peace Brings the Challenges of Growth

Stéphane Guimbert's picture

Workers scale one of the skyscrapers under construction in Cambodia.
Last Sunday, more than 8 millions Cambodians were called to vote. This is already the fourth general elections since the 1991 Paris Peace Agreement. Many – including me before I moved to our Phnom Penh office last summer – still connect Cambodia first to what we learned in history classes. The splendor of the Angkor civilization and the atrocities of the Khmer Rouge regime probably come on top of the list. And there is some truth to that. Angkor Wat and its neighboring temples remain magnificent. The Khmer Rouge regime has left deep stigma for the people and for the society. The Khmer Rouge tribunal is attracting a lot of international attention as well. Most landmine fields have been cleared, although there remain some in more remote areas.

But, for all this, this connection more and more misses a key fact: over the last couple of years, Cambodia has achieved a relative peace that has enabled dramatic social and economic change.

Supply meets demand: Chinese infrastructure financing in Africa

David Dollar's picture

China is emerging as a major financer of infrastructure projects in Africa, as documented in Building Bridges, a report released this week by the World Bank.  This is a very welcome development because Africa has an infrastructure deficit and China has both the financial resources and the construction industry capacity to help meet the demands.

Banking everywhere, and not a single village left out

Ignacio Mas's picture

Only about one-quarter of households living in developing countries have any form of financial savings with formal banking institutions. Even in countries that have experienced substantial development over the last decade or two, this statistic remains stuck stubbornly at a level that would not be acceptable for any other measure of socio-economic development: 10% in Kenya, 20% in Macedonia, 25% in Mexico, 32% in Bangladesh.

 

Beggar thine own people?

Shanta Devarajan's picture

First the good news. The Indian government has agreed to sell the originally-agreed 400,000 tons of non-basmati rice to the Government of Bangladesh at a price of $430 per ton. On March 30th, the Government of Bangladesh’s Purchase Committee approved the Indian offer of procuring the 400,000 tons of rice at $430 per ton by ship.


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