Prake.org

News

23 March 2020Without proper planning, the debt problems of Cambodia risk escalating into a financial crisis. The World Bank estimated that accumulated loans from the banking and microfinance sectors accrued to more than 100% of the country’s Gross Domestic Product (GDP), which is approximately US$ 25 billion. COVID-19 (novel Coronavirus) has furthered the country’s financial problems as the tourism sector and other related sectors have come to a halt. Furthermore, COVID-19 has disrupted the supply chains in China and exports to Europe and the United States. Living and Working in the midst of COVID-19

loading...
Loading...