UNDP Advises Cambodia to Issue Sovereign Bonds to Expand Financial Resources

• 27 July 2021
• Local News
• 2145 Views

UNDP has recommended Cambodia to issue sovereign bonds to expand domestic financial resources for urban development projects.

This UN body published the advice in their recent report while also forecasting that Cambodia will graduate from its Least Developed Country (LDC) status in either 2027 or 2028.

The report added it is time for Cambodia to prepare new sources of financing. Thus, being able to issue bonds in Khmer riel is an option being considered.

Issuing sovereign bonds would not only help the government to generate more funds domestically but also would help to accelerate the development of the private capital market, added UNDP.

• Economy and Finance