National

Cambodia plans to borrow a large sum in 2026 and to sell more government bonds in riel. The draft finance law points to about SDR 2.25 billion in concessional loans, roughly 3.1 billion dollars, and about 2.1 trillion riel in domestic bonds, roughly a little over half a billion dollars. These are big moves for a budget the size of Cambodia’s, and they can help the country if used well. They can also create new risks if execution is weak.