Launching a loan restructuring program, or similar initiatives such as loan repayment assistance or a loan moratorium, is common practice among ASEAN+3 governments responding to the financial distress caused by the COVID-19 pandemic.
Cambodia’s economy is projected to continue its gradual recovery by growing 5.0 percent in 2022 and 5.4 percent in 2023.
Cambodia has navigated the COVID-19 pandemic well. Apart from the quick roll-out of vaccines, the government support measures have mitigated economic scarring and prevented households from falling into poverty.
Watch the highlights of AMRO’s 2022 Annual Consultation Report on Cambodia. Cambodia’s economy is projected to continue its gradual recovery by growing 5.0 percent in 2022 and 5.4 percent in…
The Cambodian economy has been resilient. The early lifting of COVID-19 restrictions boosted domestic activity while strong external demand supported its recovery in the first half of 2022. As the economy recovers and COVID-19 becomes endemic, it will be vital to refocus policy toward structural reforms that will help improve the long-term growth potential of the economy.
In July 2020, the Cambodian government introduced a COVID-19 Cash Transfer Program to help the vulnerable and those living in poverty ease the economic impact of the pandemic.
The fintech ecosystem in Cambodia has expanded remarkably in recent years, particularly in digital payments and transfers. The COVID-19 pandemic has accelerated this trend as many services moved to cashless transactions.
More than 90% of the firms in Cambodia are micro, small and medium enterprises (MSMEs). Unlocking the growth potential of MSMEs is, therefore, key to the country’s long-term development by diversifying growth drivers, boosting employment, contributing to poverty alleviation, and enhancing the domestic component of the global value chain.
SINGAPORE, November 22, 2021 – As Cambodia continues to grapple with the pandemic, economic recovery in 2021 is expected to be moderate at 2.8 percent, marked by uneven growth across…
The Cambodia’s economy was hit severely in 2020 by the COVID-19 pandemic and the recovery in 2021 is expected to be moderate and uneven across sectors.
