Cambodia Launches $200M Guarantee Scheme to Support Businesses During Pandemic

Source: XinhuaNet

State-owned Credit Guarantee Corporation of Cambodia (CGCC) on Monday launched a $200-million-dollar Business Recovery Guarantee Scheme (BRGS), aiming to support businesses during the COVID-19 pandemic.

The BRGS was designed to support businesses including micro, small and medium enterprises, and large firms to enhance their access to formal loans from Participating Financial Institutions (PFIs) for working capital, investment, and business expansion, said a CGCC's press statement.