Cambodia launches US$200mil guarantee scheme to support businesses during pandemic as govt confirms 11th Covid-19 death

A woman has her sample taken for Covid-19 testing in Phnom Penh. - The Phnom Penh Post/ANN

PHNOM PENH, March 29 (Xinhua): State-owned Credit Guarantee Corporation of Cambodia (CGCC) on Monday launched a US$200 million Business Recovery Guarantee Scheme (BRGS), aiming to support businesses during the Covid-19 pandemic.

The BRGS was designed to support businesses including micro, small and medium enterprises, and large firms to enhance their access to formal loans from Participating Financial Institutions (PFIs) for working capital, investment, and business expansion, said a CGCC's press statement.