ADB approves US$50mil loan to improve Cambodia's financial management

MANILA (Xinhua): The Asian Development Bank (ADB) on Friday said it has approved a US$50 million policy-based loan to support Cambodia in improving its public financial management (PFM) systems.

The Manila-based regional development bank said it has a long-standing partnership in supporting Cambodia's PFM reforms at the national and subnational levels since 2008.