Climate change is also expected to affect the private sector in the country. In the same report, the World Bank estimated that climate change is projected to lower productivity by 8-20% and reduce tourism revenues by 8-17% in 2050.
Domestic revenue a vital source of development financing: UN report phnompenhpost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from phnompenhpost.com Daily Mail and Mail on Sunday newspapers.
A garment factory worker receives a China s Sinovac coronavirus disease (Covid-19) vaccine at an industrial park in Phnom Penh, Cambodia. - Reuters PHNOM PENH, July 17 (Xinhua): Covid-19 has led to financing flow losses of US$3.6 billion for Cambodia, accounting for 19.8 percent of the country s total financing flows in 2020, said a new report by the United Nations Development Program (UNDP) released on Friday (July 16).
Cambodia s financial sources for supporting national development include domestic revenue, foreign direct investment (FDI), domestic private investment, remittances, loans, grants, and official development assistance (ODA).
The report said the Southeast Asian nation was projected to earn US$18.2 billion dollars for national development in 2020, but due to the impact of Covid-19, it made only US$14.6 billion, a decline by US$3.6 billion or 19.8 per cent.
Domestic revenue a vital source of development financing: UN report phnompenhpost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from phnompenhpost.com Daily Mail and Mail on Sunday newspapers.
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