Phnom Penh counts on donors as it braces for a tough economic year
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PHNOM PENH : Cambodia, one of the world&#39;s poorest countries, is counting on international donors to make new financial commitments next week to prepare the nation for what is destined to be a harsh new economic year.
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Some 200,000 workers in the tourism business in the six southern provinces that have been hardest hit by the deadly tsunami on Sunday are facing the bleak prospect of losing their jobs, according to Sontaya Kunplome, the tourism and sports minister.
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PHNOM PENH, Cambodia -- The victims arrive from across the country with stories about the dying time under Pol Pot and the Khmer Rouge. Youk Chhang listens to their tales.
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The economy is poised to grow by 6.4 per cent during the current year and 6.7 per cent in 2005, but a poor monsoon is raising concerns over agricultural growth, the International Monetary Fund (IMF) said here today.
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The Salvation Army is feeling the pinch as it competes with a growing number of charities, including trendy causes, for donations in tough economic times.
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The International Monetary Fund (IMF) has backed a $35m (Â£19m) loan to Kenya, with the loan scheduled for December, seven months later than expected.
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Millions of disaster victims are missing out on vital aid despite record donations in 2005, a report says.
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For the first time in four years, the donor nations that sustain the Palestinian economy have reason for optimism. For now, however, that optimism won't mean more money for the Palestinians.
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International donors to the Palestinian Authority will meet in Oslo next week amid concern that aspects of Israel&#39;s planned withdrawal from parts of the occupied territories may harm an already shattered economy.
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Political leaders and aid agencies are pleading with governments and individuals around the world not to skimp on donations to Africa as they open their wallets to tsunami victims in south and southeast Asia.
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Aid pledges for Asia's tsunami victims topped 1.6 billion dollars on a tide of New Year sympathy, but the United Nations warned it would take weeks for help to reach many survivors and that the death toll would likely rise to 150,000.
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The countries plan to raise at least $300 million next year to help pay for the treatment of children with AIDS, tuberculosis and malaria.
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An unprecedented $13.6 billion in aid has boosted rebuilding, but political and economic challenges remain three years later.
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Three of every four Palestinians live in poverty and their economy still depends on donors, despite 4.5 percent economic growth last year, the United Nations said on Wednesday.
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About half of the billions of dollars donated by individuals, companies and governments worldwide to help the victims of the southeast Asian tsunami two years ago has still not been spent, the BBC said.
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In a model case of how donations should work, tsunami victims in Thailand get the help they need in an orderly fashion.
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The Global Fund to fight AIDS, Tuberculosis and Malaria urged donors on Friday to pay up what they have pledged by the end of next month or risk seeing the United States cut short its contribution.