International partners have considerably reduced their development support to Cambodia despite the country’s economy remaining fragile and below pre-pandemic levels, according to a new report by Sydney-based independent think tank Lowy Institute.
Total official development finance to Cambodia dropped by 30 per cent in 2022 to $2.3 billion, in line with a broader regional trend for Southeast Asia, the think tank’s annual ‘Southeast Asia Aid Map’s 2024 Key Finding Report’ said.
China, which offered over a third of Cambodia’s development finance from 2015 to 2022, saw its support plummet to $386 million in 2022—its lowest point—with little signs of recovery, it observed.
