ADB says Cambodia to lose 390,000 jobs due to COVID-19

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

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