PROJECT

Projects

Summary of Advisory Services Project Information

Project Number

601954

Primary Business Area

Other

Disclosure Date

Sep 15, 2021

Country

Cambodia

Region

East Asia and the Pacific

IFC Approval Date

Jan 6, 2021

Status

Completed

Estimated Total Budget

Estimated Total Budget Pending
(Project budget includes all project-funded activities)

Last Updated Date

Mar 21, 2025

Project Estimated Start Date

Jan 1, 2021

Project Estimated End Date

Jun 30, 2024

Project Description

The project interventions are designed based on the current needs of Cambodia’s debt resolution , while also considering the strategic priorities of the WBG/IFC, and our expertise. Since financial and legal infrastructure for financial inclusion consists of many inter-linked elements, it is important that the recent reform momentum on credit reporting and secured transactions is supplemented by reforms on debt resolution and insolvency. The intended implementation period is from January 01, 2021 to June 30, 2024. The project plans to have the following components: 1. Design and promote non-binding principles for out of court workouts and improve debt collection standard and practice, and support creation of distressed assets market through building the essential servicing infrastructure; 2. Support the development of regulations governing the appointment and operations of insolvency administrators; 3. Training and capacity building for insolvency professional judges and administrators.

Development Results

E&S Risks / Impacts and Mitigation