Credit Guarantee Corporation of Cambodia and Laos Credit Guarantee Sole Company Limited have inked a deal to strengthen credit guarantee services, improve MSME financing access and collaborate on green finance initiatives

The Credit Guarantee Corporation of Cambodia (CGCC) and Laos Credit Guarantee Sole Company Limited (LCGC) have signed an agreement to enhance the development of credit guarantee services and the sound growth of micro, small and medium enterprises (MSMEs) of both nations.

On May 11, 2026, CGCC and LCGC signed a memorandum of understanding (MoU) marking the establishment of a cooperative relationship between the two credit guarantee institutions.

No Lida, CEO of CGCC, believes the MoU will bring mutual benefits through collaboration in capacity building, information exchange and operational improvements, adding that it marks the beginning of a “long and impactful” partnership between the 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 said.

Wong Keet Loong, CEO of LCGC, said the partnership will support the development of LCGC to play its role in improving access to finance for MSMEs in Laos.

He added that 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 and 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 said.

Credit to: KIRIPOST, Published on 13 MAY 2026