News

Cambodia’s local trade finance market estimated at $1.6B

The Kingdom’s local trade finance market currently stands at $1.6 billion and improving access to affordable trade finance could increase imports and exports by up to nine percent, according to the latest study conducted by the International Finance Corporation (IFC). ... ...

Sreekanth Ravindran
https://www.khmertimeskh.com/501412155/cambodias-local-trade-finance-market-estimated-at-1-6b/

IFC watchdog’s investigation into Cambodia’s top microfinance firms allowed to proceed

The International Finance Corporation’s (IFC) watchdog announced Tuesday it will proceed with an investigation into Cambodia’s leading microfinance firms, after the IFC withdrew a request for review of the decision to investigate. ... ...

Jack Brook
https://cambojanews.com/ifc-watchdogs-investigation-into-cambodias-top-microfinance-firms-allowed-to-proceed/

Deal to deliver Cambodia’s new logistics complex, promote regional connectivity and integration

The International Finance Corporation (IFC) has signed a new agreement with the Ministry of Public Works and Transport to establish a public-private partnership (PPP) for a logistics complex in Preah Sihanouk province to assist Cambodia in meeting its goal of becoming a new regional logistics ...

Khmer Times Staff
https://www.khmertimeskh.com/501276371/deal-to-deliver-cambodias-new-logistics-complex-promote-regional-connectivity-and-integration/

IFC-backed logistics hub to boost connectivity, trade in Cambodia

Cambodia is set to have its first modern, world-class logistics complex as the International Finance Corporation (IFC) recently signed a new collaboration agreement with two of the region’s leading logistics companies. The financial institution feels the new partnership will deliver a major boost to infrastructure, ...

Khmer Times Staff
https://www.khmertimeskh.com/501241224/ifc-backed-logistics-hub-to-boost-connectivity-trade-in-cambodia/

World Bank’s IFC inks deal on key logistics hub

The International Financial Corporation (IFC) on February 16 announced that it had inked a new “collaboration agreement” with local WorldBridge Group and Singapore’s YCH Group for the development of the Phnom Penh Logistics Complex (PPLC) as a “smart logistics hub” in Southeast Asia, in a ...

May Kunmakara
https://www.phnompenhpost.com/business/world-banks-ifc-inks-deal-key-logistics-hub

ACLEDA scoops award for aiding Cambodian SMEs

ACLEDA Bank, one of Cambodia’s largest banks, today revealed it has been crowned the “Best Bank Partner for SMEs in EAP Award” by Washington DC-based International Finance Corporation (IFC), which is a member of the World Bank Group. ... ...

Kiripost staff writers
https://kiripost.com/stories/acleda-scoops-award-for-aiding-cambodian-smes

Phnom Penh to host Global SME Finance Forum

Global leaders in the finance sector are slated to gather in the Cambodian capital in September when Phnom Penh hosts the SME Finance Forum. ... ...

Bun Tharum
https://kiripost.com/stories/cambodia-phnom-penh-to-host-global-sme-finance-forum

Cambodia, and IFC promote mediation to resolve commercial disputes

Cambodia’s National Commercial Arbitration Center (NCAC) and the International Finance Corporation (IFC) are promoting mediation to resolve business disputes and build investors’ trust in commercial litigations. ... ...

Khmer Times Staff
https://www.khmertimeskh.com/501039017/cambodia-and-ifc-promote-mediation-to-resolve-commercial-disputes/

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

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