Gov’t Plans to Borrow 1.7 billion SDR from Partners for 7 Priority Sectors in 2023

In 2023, Cambodia will borrow 1.7 billion SDR (IMF international reserves that can be converted into cash on demand) from its partners, an increase of 100 million SDR compared to the 2022 budget.

According to the draft law on finance for management 2023, these loans will be used to develop seven key sectors including energy, irrigation, infrastructure, healthcare, education, agriculture, and others.

In 2023, the Cambodian government will also issue a second set of bonds worth US$200 million. US$49 million of which will be used to repay the principal of the bond of 2022, while the rest will be used as the national budget.

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