IFC proposes $40m COVID-19 loan to Cambodia’s Hattha Bank Premium
The International Finance Corporation (IFC), a member of the World Bank Group, has proposed to invest up to $40 million in Cambodia’s Hattha Bank, formerly Hattha Kaksekar Limited (HKL), to support the bank’s financing to MSMEs.
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World Bank: Investigate Cambodia’s Micro-Loans
Coerced Land Sales Linked to Predatory Lending 5 January by
Human Rights Watch
The World Bank Group should investigate alleged coerced land sales and other rights abuses linked to predatory lending and over-indebtedness in the micro-loan sector, Human Rights Watch said today. These longstanding problems have worsened during the economic crisis resulting from the Covid-19 pandemic.
An external report in March 2020, the Microfinance Index of Market Outreach and Saturation (MIMOSA), based on data provided by the World Bank World Bank
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International donors to Cambodia’s micro-loan sector should not be feeding a system that is abusing the rights of highly indebted borrowers struggling during a public health and economic crisis,” said Phil Robertson, deputy Asia director at Human Rights Watch. “