The Asian Development Bank (ADB) predicts Cambodia will suffer 390,000 job losses this year due to the Covid-19 pandemic. But it congratulated the government for its response to the crisis and its cash transfer programme for the poor and vulnerable.
Last Wednesday, the ADB approved a $250 million loan to further help the government respond to the pandemic.
In an interview with The Post on Wednesday, ADB country director Sunniya Durrani-Jamal said the concessional loan will have a 24-year term, including a grace period of eight years.
In full: https://business.inquirer.net/302695/adb-says-cambodia-to-lose-390000-jobs-due-to-covid-19
