ADB Funds $50 Million Program to Boost Cambodia's Financial Stability and Digital Infrastructure
Philippines, Nov. 24 -- The Asian Development Bank (ADB) has approved a $50 million policy-based loan to strengthen Cambodia's financial sector. Under a programmatic approach, the investment will support both banking and nonbanking institutions, as well as digital finance infrastructure and sustainable finance capabilities.The Inclusive and Sustainable Finance Development Program aims to enhance the sector's capacity, stability, and performance, positioning Cambodia for more inclusive and resilient economic growth. Cambodia's finance sector has made notable progress, but further development is needed to unlock its full potential. Several challenges persist: limited market depth, restricted access, gaps in investor protection, underdeveloped...
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