Cambodia sees increase in government loan agreements

The government signed new lending and on-lending agreements with debtors totalling nearly US$800 million in the first three quarters of 2023 to boost national economic growth. - Phnom Penh Post/ANN

PHNOM PENH (Phnom Penh Post/ANN): To boost national economic growth, the government signed new lending and on-lending agreements with debtors totalling nearly US$800 million in the first three quarters of 2023, an increase of nearly 1,700% compared to the same period of 2022, according to the Ministry of Economy and Finance.

“Debtor” refers to an entity that obtains loans; in Cambodia’s context, debtors can be the government under external borrowing, or state-owned enterprises, public institutions, state minority-owned companies and banking and financial institutions in the case of government lending, according to the ministry.