Cambodia’s foreign debt tops $9 billion, with China accounting for more than 40 percent

People purchase food at a market in Phnom Penh, Picture taken on May 24, 2021. CamboJA/ Pring Samrang

Cambodia’s outstanding external debt reached more than $9.18 billion as of the first half of 2021 and is expected to reach more than $10 billion by the year’s end, an increase from $8.8 billion at the end of 2020.

Oxfam urges government to use IMF COVID recovery fund transparently

Vendors sell food on the street at a village in Phnom Penh, August 11, 2021. CamboJA/ Panha Chhorpoan

Oxfam has urged the Cambodian government to ensure that a $240million debt-free fund announced by the International Monetary Fund (IMF) to support Cambodia’ economic recovery is used to benefit all Cambodians affected by COVID-19.

World Bank approves $200 million for Cambodia’s fight against COVID-19

Laborers work at a construction site in Phnom Penh, picture taken on June 8, 2021. CamboJA/ Pring Samrang

The World Bank has approved $200 million worth of International Development Association (IDA) credit for Cambodia’s fight against the ongoing COVID-19 pandemic and broader economic recovery.