Cambodia Secures US$140m in Concessional Loans for Q1 2024 Infrastructure Development

• 18 June 2024
• Local News
• 901 Views

In the first quarter of 2024, the Cambodian government signed new concessional loans worth US$140 million with development partners, marking a year-on-year decrease of 71%. This significant reduction in new loans reflects the latest figures from Cambodia’s Public Debt Situation report issued on Friday, 17 May 2024.

Additionally, during Q1 2024, the RGC disbursed US$141 million from existing concessional loans for infrastructure and other priority sectors, a 47% decline compared to the same period last year. The RGC also serviced debts amounting to US$181 million, a slight increase of 0.5% year-on-year.

As of the end of Q1 2024, Cambodia’s total public debt stock stands at US$11.09 billion, with US$11 billion in public external debt and US$98 million in public domestic debt. The debt composition is as follows: 46% in USD, 19 % in SDR, 11% in CNY, 11% in JPY, 7% in EUR, and 6% in local and other currencies.

The report also highlighted that in Q1 2024, the RGC issued government securities totalling US$45.04 million to support public investments in economic and productivity initiatives.

• Investment and Funding
• Road and Infrastructure