The Credit Guarantee Corporation of Cambodia (CGCC) and Credit Guarantee Sole Company Limited (LCGC) Monday signed a Memorandum of Understanding (MOU) to enhance the development of credit guarantee services and the sound growth of micro, small, and medium enterprises (MSMEs) in both countries.

The MOU was signed by No Lida, CEO of CGCC, and Wong Keet Loong, CEO of LCGC, and witnessed by senior representatives from the Lao Ministry of Commerce and Industry, Ministry of Finance, Bank of Lao PDR, totalling 30 participants in Phnom Penh on May 11.

Speaking during the signing ceremony, Lida said, “The MOU between CGCC and LCGC will bring mutual benefits through collaboration in capacity building, information exchange, and operational improvements.”

“It marks the beginning of a long and impactful partnership between our two institutions. Innovation is not defined by institutional maturity. Although CGCC began operations earlier than LCGC, there may be areas where LCGC performs better, and we welcome those opportunities to learn and improve together,” he added.

During his remarks, Wong said, “We are honoured to sign this MoU with CGCC today, establishing a strategic collaboration for LCGC.  CGCC has strong foundations and has matured over the last 5 years into a model credit guarantee institution in the region.”

The LCGC CEO noted that the partnership will support the development of LCGC in improving access to finance for MSMEs in Laos.

He continued, “The MOU establishes a structured framework for ongoing collaboration between CGCC and LCGC in the development and implementation of a credit guarantee scheme to support MSMEs, as well as in the exchange of knowledge on green taxonomy and climate/green financing guarantee schemes.”

“As Government-established, state-owned credit guarantee institutions, both organisations share a common mandate to ease financing constraints for MSMEs, a sector that serves as a cornerstone of regional economic development,” he added.

Credit to: Khmer Times, Published on 13 May 2026