Cambodia Debt Resolution

completed

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.