Agricultural and Rural Development Bank (ARDB) director-general Kao Thach. - PPP
PHNOM PENH (The Phnom Penh Post/ANN): Agriculture and Rural Development Bank of Cambodia (ARDB) expects to receive an additional US$30 million from the government for special-purpose loans to keep the Kingdom’s smaller businesses afloat amid the ongoing economic duress of Covid-19, according to the state-owned bank’s director-general Kao Thach.
Thach told The Post on March 22 that ARDB recently submitted a request to the government for the additional funds after the bank earlier this year finished disbursing $50 million that was supplied by state coffers in 2020.
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