On 8th July 2020, The Asian Development Bank (ADB) today approved a $250 million loan to help the Government of Cambodia respond to the coronavirus disease (COVID-19) pandemic by strengthening the country’s health care system, increasing social assistance to the poor and vulnerable, and providing economic stimulus to businesses, including small and medium-sized enterprises.
“This assistance will help the government mitigate the adverse health, social, and economic impacts of the pandemic,” said ADB President Masatsugu Asakawa. “Cambodia has a record of sound macroeconomic management but COVID-19 threatens to undermine progress in poverty reduction, especially among vulnerable groups such as women and migrant workers. This loan is part of ADB’s long-term engagement plan that focuses on supporting Cambodia’s economic recovery and fiscal sustainability.”
Read the entire article: https://www.adb.org/news/adb-approves-250-million-loan-support-cambodias-covid-19-response
BIC aims to contribute to the development of sustainable & competitive Cambodian SMEs. BIC will promote transparency and effectiveness in implementing related laws and regulations for private enterprises. With this, BIC will provide easy access to reliable information for MSMEs particularly in areas related legal and regulations including registration and licensing; and business operations such as market opportunities, business development service, access to finance, training and networking.
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