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Until November 2017, Cambodia’s democracy was enfeebled but still alive.
Measures announced by Cambodia’s banks and microfinance lenders to help clients who are unable to repay because of COVID-19 are grossly inadequate.
The unfolding microcredit scandal in Cambodia involves two well-respected European banks, BRED in France and Triodos Bank in the Netherlands.
I would like to convey to the European Union the following message: There are responsible and foresighted Cambodian leaders from all political affiliations who understand that the partial suspension of the EU’s trade privilege scheme known as “Everything But Arms” (EBA) is a blessing in disguise in that it represents a powerful call for reform.