News

World Bank subsidiary to train 2,000 contract rice farmers

A World Bank subsidiary will soon start training 2,000 farmers contracted to supply a leading Cambodian rice exporter on how to meet an international farming standard. ...

Hang Sokunthea
https://www.cambodiadaily.com/news/world-bank-subsidiary-to-train-2000-contract-rice-farmers-131561/

Partnership to lift rice standards in Kingdom

The International Finance Corporation and Amru Rice, one of Cambodia’s biggest rice exporters, launched a new partnership yesterday to improve the competitiveness of the Kingdom’s rice sector, according to a press release. ...

Post Staff
http://www.phnompenhpost.com/business/partnership-lift-rice-standards-kingdom

IFC to boost corporate governance

The International Finance Corporation (IFC) launched a corporate governance initiative yesterday aimed at enhancing the efficiency of Cambodia’s private sector to strengthen the business climate and spur foreign investment and job creation, it said in a release. ...

Post Staff
http://www.phnompenhpost.com/business/ifc-boost-corporate-governance

More evictees may have recourse through IFC

Rights groups say families being forced off their land by development projects recently revealed to have World Bank Group backing could probably file successful complaints against the institution, effectively forcing it to help the families save their homes or at least win better compensation. ...

Zsombor Peter
https://www.cambodiadaily.com/news/evictees-may-recourse-ifc-119213/

Xi’s visit to boost farm exports

Chinese President Xi Jinping’s visit to Cambodia next week will likely lead to an increase in agriculture exports to China, Prime Minister Hun Sen said yesterday.​ Speaking at a graduation ceremony for law and economics students in Phnom Penh yesterday morning, Mr. Hun Sen said that ...

Chea Vannak
http://www.khmertimeskh.com/news/30521/xi---s-visit-to-boost-farm-exports/

Firms flimsy on corporate governance

Cambodia has an opportunity to improve its corporate governance, addressing issues in this field that are increasingly important to international companies considering investment, an official from the International Finance Corporation (IFC) has said. ...

Cheng Sokhorng
http://www.phnompenhpost.com/business/firms-flimsy-corporate-governance

IFC banking on smart graduates

The International Finance Corporation (IFC), a member of the World Bank Group, has provided a $13 million loan to support a higher education campus for the Acleda Institute of Business that will help raise education standards, enhance students’ employability and encourage sustainable economic growth. ...

Sum Manet
http://www.khmertimeskh.com/news/25667/ifc-banking-on-smart-graduates/

National bank to receive support from IFC

The International Finance Corporation (IFC) signed a Memorandum of Understanding with the National Bank of Cambodia (NBC) yesterday in a move that officials are predicting will usher in a new era of responsible corporate governing practices, transparency, financial risk management and public confidence in the ...

May Kunmakara
http://www.khmertimeskh.com/news/24858/national-bank-to-receive-support-from-ifc/

IFC to help Cambodia's stock market regulator strengthen governance, regulation

The International Finance Corporation (IFC) signed a memorandum of understanding with the Securities and Exchange Commission of Cambodia (SECC) on Thursday to develop a roadmap for strengthening the country’s corporate governance policies and practices. ...

Shanghai Daily Team
http://www.shanghaidaily.com/article/article_xinhua.aspx?id=326143

SECC signs deal for better governance

Cambodia’s securities regulator signed a memorandum of understanding with the International Finance Corporation (IFC) yesterday for technical assistance on corporate governance standards and practices in the Cambodian capital market. ...

Post Staff
http://www.phnompenhpost.com/business/secc-signs-deal-better-governance

IFC provides $50m to Amret micro-lender

The International Finance Corporation (IFC) will provide a $50 million financing package to Amret Co to help the Cambodian microfinance institution increase lending to smaller businesses, particularly those in the agriculture sector and rural areas, it said in a press release. ...

Post Staff
http://www.phnompenhpost.com/business/ifc-provides-50m-amret-micro-lender

IFC offers Acleda Bank $50M for SME lending

The International Finance Corporation (IFC) will provide a $50 million syndicated loan to Acleda Bank to boost lending to small and medium enterprises, of which at least half will support women-owned enterprises, it said yesterday. ...

Post Staff
http://www.phnompenhpost.com/business/ifc-offers-acleda-bank-50m-sme-lending

New players shake up mobile money market

Since launching in 2009, Wing has been largely on its own in the mobile money transfer market, opening thousands of payment kiosks across the country and benefitting from rapidly expanding base of mobile phone users. ...

Tej Parikh
https://www.cambodiadaily.com/news/new-players-shake-up-mobile-money-market-103353/

IFC loans $10 million to HKL for rural SMEs

The International Finance Corporation (IFC) has given Cambodian microfinance institute Hattha Kaksekar Ltd (HKL) a loan of up $10 million, aiming to boost access to finance to small- and medium-sized enterprises in Cambodia’s rural areas.​ ...

Ayanna Runcie
http://www.phnompenhpost.com/business/ifc-loans-10-million-hkl-rural-smes

IFC gives Acleda a $110M loan boost

The International Finance Corporation, a member of the World Bank, and the Global Agriculture and Food Security Program (GAFSP) announced Thursday that they will provide Acleda Bank with a $110 million loan to finance rural and micro-businesses, especially agricultural enterprises. ...

Ananth Baliga
http://www.phnompenhpost.com/business/ifc-gives-acleda-110m-loan-boost

IFC criticised for abusive investments

Rights groups yesterday took aim at the private-sector arm of the World Bank for investing money into companies that are responsible for human rights abuses around the world, highlighting a Vietnamese rubber firm accused of illegal logging and land grabbing in Ratanakkiri province as a ...

Alice Cuddy
http://www.phnompenhpost.com/national/ifc-criticised-abusive-investments

World Bank may be blind to harm of financial investments: Oxfam

The World Bank’s private sector arm may be doing more harm than good when it invests in private equity firms, banks and other financial intermediaries, global development group Oxfam said in a report on Wednesday. In one project indirectly sponsored by the bank’s International Finance Corporation ...

Anna Yukhananov
http://www.reuters.com/article/2015/04/01/us-worldbank-investments-idUSKBN0MS5IJ20150401

Plantations and families set rules for IFC-mediated talks

A year after some 2,000 families filed a complaint with the International Finance Corporation (IFC) for financing rubber plantations they accuse of grabbing their farms and logging their sacred forests, all sides have finally agreed to a set of ground rules for negotiations and hope ...

Zsombor Peter
https://www.cambodiadaily.com/news/plantations-and-families-set-rules-for-ifc-mediated-talks-80222/

Report urges overhaul of Cambodia factory safety

Safety in Cambodian garment factories needs to be improved through a complete overhaul of building regulations and the inspection regime, says a new report. The Cambodia Garment and Footwear Industry Fire and Life Safety Risk report, funded by the International Finance Corporation (IFC) and the International ...

Richard Woodard
http://www.just-style.com/news/report-urges-overhaul-of-cambodia-factory-safety_id123870.aspx

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