PM Hun Sen Donates Seven Months’ Salaries to Fight Covid-19

Source: FN Cambodian Prime Minister Hun Sen pledged to donate his seven months’ salaries to the National Commission for Combatting Covid-19 (NCCC). “I volunteer to donate my monthly salary to the NCCC, seven months in total effective from March to September 2020. Ministry of Economy and Finance shall transfer my salaries to the account of…

Government Considers Allocating $500M Loans to Banks and MFIs with Low Interest Rates to Help Citizens amid Covid-19

Source: FN Cambodian Prime Minister Hun Sen announced that the Royal Government of Cambodia considered allocating USD 500-600 million to banks and microfinance institutions at low interest rates. “We consider allocating USD 500-600 million of government budget to banks with low interest rates so banks will give loans to citizens and businesses with lower rates,”…