Cambodia Public Debt at US$7.9 billion as of Mid-2020; Infrastructure Development Largest Contributor

• 16 December 2020
• Local News
• 4899 Views

As of June 2020, Cambodia had a total of US$7.9 billion in public debt, of which 87% was used for physical infrastructure development, according to a World Bank report released in November 2020.

Of all foreign loans, China accounted for the largest percentage with a total outstanding debt of US$3.7 billion, or equivalent to 46.8% of total loans.

Meanwhile, the Asian Development Bank (ADB) and the World Bank accounted for 18.6% and 7.9% respectively, followed by loans from other countries, including Japan, South Korea, and France.

The same report also stated that public debt is expected to rise. Cambodia’s public debt-to-GDP ratio is projected to marginally increase to about 31.6% of GDP in 2020. However, the risk of debt distress remains low.

 

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