Cambodia : Rapid Intervention for Stabilization of the Economy (RISE) Program under the Energy, Food Security, and Economic Resilience Facility (AIIB-001173)

Countries
  • Cambodia
Geographic location where the impacts of the investment may be experienced.
Financial Institutions
  • Asian Infrastructure Investment Bank (AIIB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
U
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Sep 4, 2026
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
Kingdom of Cambodia, Pen Thirong
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 250.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Loan Amount (USD)
$ 250.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Project Cost (USD)
$ 688.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Bank Documents
Primary Source

Original disclosure @ AIIB website

Updated in EWS Nov 10, 2026

Disclosed by Bank Sep 9, 2026

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

According to bank's website, the approved project aims to help Cambodia mitigate the adverse economic and social impacts of the Middle East situation. The Program is a Policy-based Cofinancing (PBCF) operation under the Energy, Food Security, and Economic Resilience Facility (the Facility) with the Asian Development Bank (ADB). It will help Cambodia address the urgent macroeconomic and social impacts of the Middle East situation through timely, temporary and targeted forms of fiscal support to protect vulnerable households, sustain livelihoods, and support economic activity. The structural policy reforms being developed under the Comprehensive Intervention Package (CIP) will build resilience of the economy against similar future shocks.

Cambodia has been adversely affected by the current situation in the Middle East through higher energy prices, rising food and agricultural input costs, and tighter global financial conditions. Higher fuel prices have increased transportation and production costs across the economy and contributed to rising inflation. The shock has also increased fertilizer and other agricultural input costs, putting pressure on agricultural production and rural livelihoods. To mitigate the macroeconomic and social impacts of the supply shocks, safeguard broader economic recovery, to protect vulnerable groups and to reduce future vulnerabilities to similar shocks, the Government of the Kingdom of Cambodia (GoC) has adopted a comprehensive crisis response action plan – the CIP for 2026-2028. The proposed measures, explicitly planned to be temporary, include efforts to: (i) partially and temporarily insulate the economy from fuel price shocks; (ii) provide targeted financial support to most vulnerable households, and (iii) accelerate the Green Transition. 

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

Total Program cost: USD688 million

 

AIIB financing: USD250 million

 

ADB financing: USD250 million

 

JICA financing: USD188 million 


Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

Project Team Leader: Ankur Agrawal 

Title: Senior Investment Officer 

Email: ankur.agrawal@aiib.org 

ACCESS TO INFORMATION

You can submit an information request for project information at: https://www.aiib.org/en/contact/information-request/index.html

ACCOUNTABILITY MECHANISM OF AIIB

The AIIB has established the Accountability Mechanism for Project-Affected People (PPM). The PPM provides Òan opportunity for an independent and impartial review of submissions from Project-affected people who believe they have been or are likely to be adversely affected by AIIBÕs failure to implement the ESP in situations when their concerns cannot be addressed satisfactorily through Project level GRMs or AIIB Management processes.Ó Two or more project-affected people can file a complaint. Under the current AIIB policy, when the bank co-finances a project with another development bank, it may apply the other bank's standards. You can refer to the Project Summary Information document to find out which standards apply. You can learn more about the PPM and how to file a complaint at: https://www.aiib.org/en/about-aiib/who-we-are/project-affected-peoples-mechanism/how-we-assist-you/index.html

The complaint submission form can be accessed in Arabic, Bahasa Indonesia, Bengali, Chinese, English, Tagalog, Hindi, Nepali, Russian, Turkish, or Urdu. The submission form can be found at: https://www.aiib.org/en/about-aiib/who-we-are/project-affected-peoples-mechanism/submission/index.html

How it works

How it works