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Cambodia: Cambodia Targets Financial System Reforms to Bolster Growth, Cut Poverty.
Section: General News - Cambodia is currently implementing a series of reforms designed to modernize and deepen its financial system in order to support growth, reduce poverty and make the country more resilient in the face of external shocks.
In support of that goal, the Asian Development Bank's Board of Directors today approved a $10 million loan for subprogram 3 of the second Financial Sector Reform Program. It covers costs linked to implementing reforms, and also provides the government with budgetary support to help ease the effects of the global economic downturn. The latest reforms are part of the ongoing ADB second sector program support - which began in 2007 - to …
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