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Cambodia's public debt stands at 9.47 bln USD as of September: official report

PHNOM PENH
2022-12-13 13:54

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PHNOM PENH, Dec. 13 (Xinhua) -- The Cambodian government had a total public debt stock of 9.47 billion U.S. dollars as of September 2022, according to the Cambodia Public Debt Statistical Bulletin published by the Ministry of Economy and Finance on Tuesday.

The public debt comprised 68 percent from bilateral Developing Partners (DPs) and 32 percent from multilateral DPs, the bulletin said.

"The composition of the public debt stock is comprised of foreign currencies, of which 43 percent is USD (U.S. dollar), 20 percent is SDR (Special Drawing Rights), 12 percent is CNY (Chinese yuan), 10 percent is JPY (Japanese yen), six percent is EUR (euro) and the rest is local and other currencies," the bulletin said.

During the January-September period this year, the government had signed new concessional loans with DPs in total amount of 1.21 billion U.S. dollars, which accounted for 59 percent of the ceiling permitted by law, it said.

"Overall, all the loans are highly concessional with an average grant element of around 42 percent," the bulletin said. "The purpose of these new signed loan is to finance public investment projects in the priority sectors that support long-term sustainable economic growth and increase economic productivity."

According to the bulletin, during the first nine months of this year, the government had paid debt services to DPs in the amount of 404.5 million dollars, in which 311.6 million dollars was bilateral DPs and 92.9 million dollars was multilateral DPs.

It said the Southeast Asian country's public debt situation remained "sustainable" and "low-risk" of debt distress despite being impacted by the COVID-19 pandemic and other external factors.

"All the key debt indicators in 2022 are well below the thresholds, of which the main debt indicator, the present value of public and publicly guaranteed external debt to GDP, is at 24.9 percent compared to the 40 percent threshold," the bulletin said.
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