The Association of Banks in Cambodia (ABC) took a first major step towards sustainable lending practices this week by committing to develop sustainable finance principles and ultimately work towards integrating environmental and social safeguards and lending standards into their business decisions.
Tag: banking
With AIIB, Nation Diversifies Funding Options
Though it’s extremely early days, experts this week welcomed Cambodia’s membership to the nascent China-led Asian Infrastructure Investment Bank (AIIB), saying it would provide much-needed diversity of funding for the nation’s infrastructure and connectivity needs.
Launched in Beijing last weekend, the multilateral development bank aims to support infrastructure growth in the Asia-Pacific region through the provision of loans, and supports China’s ambitious “One Belt, One Road” initiative to boost trade and connectivity across the Eurasian landmass.