ADB Provides US$40-million Loan to Support SMEs & Financial Stability in Cambodia

• 18 October 2021
• Local News
• 1381 Views

The Asian Development Bank (ADB) has decided to provide US$40 million in loans to help stabilise Cambodia’s financial sector, especially for SMEs affected by the COVID-19 pandemic.

According to an ADB press release on 18 October, the loan will help small and medium-sized enterprises (SMEs) to recover from the pandemic by insuring them with the right amount of loans.

The loan will also intend to help strengthen Cambodia’s financial infrastructure and increase financial literacy among the population.

Besides, the ADB also warned that the pandemic, over-heating real estate loans, rapid credit growth, and undeveloped financial infrastructure remain possible risks for Cambodia’s financial sector.

• Economy and Finance