ADB approves 250 mln USD loan to back Cambodia’s COVID-19 response

The Asian Development Bank (ADB) on July 8 approved a 250-million-USD loan to help the Cambodian government respond to the COVID-19 pandemic.

The bank said the loan will be used to strengthen Cambodia’s health care system, increase social assistance to the poor and vulnerable, and provide economic stimulus to businesses, including small and medium-sized enterprises (SMEs).

According to the ADB, Cambodia is highly vulnerable to the negative impacts from COVID-19, due to its open economy, narrow economic base, and highly mobile population.

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