The Asian Development Bank (ADB) on December 6 announced that it has greenlit a $50 million policy-based loan under Subprogram 1 of its Trade and Competitiveness Program to support government efforts to diversify the economy, better enable local businesses to compete globally, and boost Covid-19 recovery.
The ADB has approved a $50 million policy-based loan under subprogramme 1 of the Trade and Competitiveness Programme to support the Cambodian government to diversify the country s.
ADB has approved a $50 million policy-based loan under subprogram 1 of the Trade and Competitiveness Program to support the Government of Cambodia to diversify the country’s economy and boost its global competitiveness.
“The COVID-19 pandemic severely impacted key sectors of the Cambodian economy like garment, footwear, and textile manufacturing, as well as tourism and construction,” said ADB Senior Economist Sion L. Morton.