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ADB approves 50 mln USD loan to improve Cambodia’s financial management

november 24, 2023by Reacties uitgeschakeld voor ADB approves 50 mln USD loan to improve Cambodia’s financial management

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MANILA, Nov. 24 (Xinhua) — The Asian Development Bank (ADB) on Friday said it has approved a 50-million-U.S.-dollar policy-based loan to support Cambodia in improving its public financial management (PFM) systems.

The Manila-based regional development bank said it has a long-standing partnership in supporting Cambodia’s PFM reforms at the national and subnational levels since 2008.

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