Phnom Penh, 28 July 2025: Credit Guarantee Corporation of Cambodia (CGCC) and the Cambodia Association of Securities Firms (CASF) held a signing ceremony on the Memorandum of Understanding (MU) at the CGCC office, presided over by H.E. Sou Socheat, Delegate of the Royal Government in charge as Director General of Securities and Exchange Regulator of Cambodia (SERC), highly participated by Mr. No Lida, CEO of CGCC, Mr. Iv Ranarith, Chairman of CASF,  management and staffs of SERC, CGCC, securities firms members of CASF, and distinguished guests from relevant institutions in the securities market, total approximately 70 participants.

The MoU aims to promote the development of bond issuance in Cambodia and guaranteed bonds by CGCC through cooperation between CGCC and CASF. The partnership aims to strengthen the local bond market, promote access to long-term financing for businesses, and support the overall development of Cambodia’s securities market.

Through the MoU signing ceremony, H.E. Sou Socheat also officially launched the “Cambodia Sustainable Bonds Accelerator (CSBA Phase 3)” with the UN Economic and Social Commission for Asia and the Pacific (UNESCAP) and the Global Green Development Institute (GGGI) as members, and in collaboration with the Credit Guarantee & Investment Facility (CGIF), GuarantCo and CGCC, the program will provide technical assistance to the issuance of green bonds, sustainability bonds and sustainability-linked bonds to promote financing for projects that are in line with Cambodia’s climate priority plan and promote green, sustainable and carbon-neutral projects in the future.

H.E. Sou Socheat, Delegate of the Royal Government in charge as Director General of SERC, congratulated the signing ceremony of the MoU, sharing: “Meaningful development and progress can only happen when there is participation from industry institutions with a shared vision. The signing of the MoU between CGCC and  CASF and the launch of the third CSBA program today are proof and evidence of the power of collaboration between all stakeholders, where ideas are exchanged and joint actions are implemented effectively and efficiently. Through such strategic partnerships, we can create a vibrant, modern and sustainable financial market for Cambodia.”

Mr. No Lida, CEO of CGCC mentioned that: “To support the bond issuance in Cambodia, the cooperation with CASF and participation in CSBA Phase 3 are necessary and essential for CGCC. Through this MOU and CSBA Phase 3, CGCC will have more opportunities to work closely with various securities firms that are members of CASF, along with other key stakeholders, to guarantee bond issuances in Cambodia. This collaboration is a pivotal step toward accelerating the development of the securities market in Cambodia.”

Mr. Iv Ranarith, Chairman of CASF also shared: “This MoU will enable securities companies that are members of CASF to work directly with Credit Guarantee Corporation of Cambodia to study and evaluate potential issuance opportunities that could benefit from the Cambodian Credit Guarantee Corporation.” He also encouraged all relevant parties, especially bond issuers and companies with potential issuances, to study and explore opportunities to issue debt securities guaranteed by the Credit Guarantee Corporation of Cambodia.

 

About CGCC

CGCC is a state-owned enterprise under the financial and technical guidance of the Ministry of Economy and Finance, with the primary mission of providing credit guarantees to enhance financial inclusion and support the development of small and medium-sized enterprises. CGCC’s products and services include loan guarantees in the banking sector, bond guarantees in the securities sector, and the Entrepreneurship Program Initiative of CGCC (EPIC). For more information on CGCC, please visit CGCC’s website at www.cgcc.com.kh or contact CGCC at 023 722 123.

About the Cambodia Association Securities Firm (CASF)

CASF is a non-profit organization dedicated to the advancement and development of Cambodia’s securities market. We were officially accredited by the Securities and Exchange Regulator of Cambodia (SERC) on 8 September 2023. Our mission is to promote and develop the securities industry of Cambodia, carry out its actions with close collaboration with the SERC.