Cambodia Growth and Resilience Development Policy Operation Series

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The development objective of First Cambodia Growth and Resilience Development Policy Financing Project is to: i) boost growth through a more competitive environment for the private sector; ii) strengthen fiscal resilience; and iii) enhance social and environmental resilience. This operation is aligned with the RGC’s emergency response measures and longer-term strategies. In particular, it supports the Cambodia Economic Recovery Plan (2021–2023) (CERP), which aims to put the economy back on a path of strong growth through the implementation of structural reforms. The CERP employs a three pronged approach, key elements of which are directly supported by the operation. With its reorientation to medium-term recovery and reform, the proposed operation also supports the WBG’s extensive and deep engagement in Cambodia as outlined in the World Bank Group (WBG)’s Country Partnership Framework (CPF) for 2019–2024. This operation has three pillars. The first pillar aims to boost growth through a more competitive environment for the private sector. Second pillar aims to strengthen fiscal resilience. The third pillar aims to enhance social and environmental resilience. The operation is an integral part of the WBG’s COVID-19 response in Cambodia. It is aligned with pillars 2, 3, and 4 of the World Bank’s COVID-19 Crisis Response Approach, with all of the prior actions supporting the recovery from COVID-19.