Since 1997, IFC has invested and mobilized more than $950 million in Cambodia, focusing on the financial, education, infrastructure and agribusiness services.
IFC supports the private sector in Cambodia through investments and advisory services that help create jobs, raise income and reduce poverty. Together with international financial institutions, IFC has financed Cambodian banks and microfinance institutions to on-lend to hundreds of thousands of SMEs, especially women-owned ones, and individual borrowers. IFC supported the establishment of the first commercial-credit reporting bureau to facilitate better access to finance for registered companies. IFC is also helping with the development of a financial consumer-protection regime in Cambodia.
Since rice is the principal crop of farmers in Cambodia — the industry employs more than 20 percent of the country’s working-age population — IFC has intervened on key levels such as farming, milling and exporting since 2010 to promote Cambodia’s place on the global rice market map. IFC’s support has brought about a transformational change in the country’s rice sector, with tenfold increase in rice exports, lifting millions out of poverty. Building on this success, IFC and the World Bank are implementing a four-year project with local agricultural exporters to improve competitiveness, build an enabling environment for the agribusiness sector, and facilitate more and higher value agricultural exports.