Background
The Ministry of Economy and Finance is responsible for Cambodia’s national fiscal policy, budget management, and arrangements for external public financing. The Asian Development Bank’s Countercyclical Support Facility (CSF) is a financing mechanism used to provide rapid financial support to member countries facing macroeconomic disruptions.
The RISE (Rapid Intervention for Stabilization of the Economy) program is a CSF-based loan designed to provide immediate balance-sheet support for stabilization measures. On 31 July 2026, Deputy Prime Minister and Minister of Economy and Finance Oun Porn Moniroth and the ADB country representative signed a loan agreement at the ministry headquarters to formalize a $250 million financing package; ADB official Nianshan Zhang attended the signing.
Key Developments
The loan agreement documents a $250 million credit under the CSF for the RISE program and records the formal commitment between Cambodia’s Ministry of Economy and Finance and the Asian Development Bank. The signing took place on the morning of 31 July 2026 at the Ministry of Economy and Finance headquarters and lists the ministry and the ADB as principal parties to the agreement.
Institutional Role
The Ministry of Economy and Finance serves as the government contracting party for external sovereign financing and is the counterparty responsible for registering and managing international loan agreements on behalf of Cambodia. The Asian Development Bank functions as the multilateral financier delivering the CSF loan facility and providing program-level financing under the RISE designation.
Market Impact
The signed agreement creates a documented external financing commitment totalling $250 million under the CSF framework as of 31 July 2026. The arrangement is a recorded component of Cambodia’s external financing portfolio and is relevant for fiscal planning, balance-of-payments reporting, and public debt monitoring carried out by the Ministry.
