Wednesday, November 30, 2011

Cambodia.Third Financial Sector Program Loan

ADB.29 November 2011 - The Asian Development Bank has approved the following program loan and technical assistance: The funds for the first phase of a third program of financial sector reforms support a variety of policy adjustments. These include measures to maintain financial stability, to boost market and consumer confidence and improve financial intermediation, to promote good governance, and to enhance sector efficiency.

Amount: $15 million loan from the Asian Development Fund. Technical assistance grants of $1.1 million, with $800,000 from ADB’s Technical Assistance Special Fund and $300,000 from the Cooperation Fund for Regional Trade and Financial Security Initiative. Project ID: 42305h

Financial Sector Development Program (Cluster 3, SP 1): Cambodia