COVID-19 leads to 3.6 bln USD financing flow losses for Cambodia last year: UNDP report

COVID-19 has led to financing flow losses of 3.6 billion U.S. dollars for Cambodia, accounting for 19.8 percent of the country’s total financing flows in 2020, said a new report by the United Nations Development Program (UNDP) released on Friday.

Cambodia’s financial sources for supporting national development include domestic revenue, foreign direct investment (FDI), domestic private investment, remittances, loans, grants, and official development assistance (ODA).

The report said the Southeast Asian nation was projected to earn 18.2 billion dollars for national development in 2020, but due to the impact of COVID-19, it made only 14.6 billion dollars, a decline by 3.6 billion dollars or 19.8 percent.

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