Cambodian Gov’t Secures Over USD 313m in Concessional Loans to Boost Public Investment

• 23 September 2024
• Local News
• 692 Views

The Cambodian government signed new concessional loans totalling USD 313 million with development partners in the first half of 2024, bringing the nation’s public debt to USD 11.27 billion.

The Ministry of Economy and Finance recently reported that these new loans, equating to 14% of the legally permitted ceiling, will fund vital public investment projects to support long-term sustainable economic growth and enhance productivity.

A significant 89% of these loans were secured with bilateral partners, while the remaining 11% came from multilateral institutions.

The ministry noted that the loans were highly concessional, with an average grant element of around 56%, reflecting favourable terms. Additionally, the government has issued securities amounting to KHR 255.30 billion (USD 62.12 million), representing 58% of the legal ceiling for public financing, to further support economic and public investment projects.

By the end of Q2 2024, the Cambodian government’s total public debt stock reached USD 11.27 billion, with close to USD 200 million already repaid, signalling the country’s ongoing efforts to manage its debt while driving crucial investment initiatives. (Read more)

• Investment and Funding
• Cooperation and networking