Upon the invitation from the United Nations Joint SGD Fund and the Local2030 Coalition, Mr. Lida No, CEO of CGCC, attended the Bilbao Bootcamp II: Scaling and Building Investible Territorial Solutions through Localization Blueprint, co-hosted by the Government of Spain, the Basque Regional Government, the UN Joint SDG Fund, and the Local2030 Coalition at the University of Deusto, Bilbao, Spain, from 9-11 June 2026.
The event aims to support 12 new countries, including Cambodia, in developing concrete, bankable financing solutions while strengthening the fiscal, institutional, and governance ecosystems required for long term sustainability. It also welcomed regions with advanced financial markets to foster deeper peer learning and broaden investment opportunities.
The agendas in the Bootcamp included spark talk, leadership roundtable, hands-on technical design workshops, and investment matchmaking sessions.
During the event, Mr. Lida No participated in a leadership round table discussion on “Unlocking Private Capital: De-risking and Sustainable Business Models”. This roundtable explored how territorial initiatives move from perceived risk to investable opportunities by combining effective de-risking strategies with sustainable business models. It examined how governance, policy coherence, data systems, and early-stage interventions reduce uncertainty, while ESG-driven approaches and partnership models help anchor long-term private investment.
On 20 May 2026 at the CGCC office, Credit Guarantee Corporation of Cambodia (CGCC) and CHIEF BANK officially signed agreements on a Wholesale Guarantee Scheme (WGS) and the Economic Stimulus Guarantee Scheme (ESGS). The agreements were signed by Mr. No Lida, Chief Executive Officer of CGCC, and Dr. Lim Aun, Chief Executive Officer of Chief Bank, in the presence of management and representatives from both organizations.
Through this partnership, Chief Bank has become a participating financial institution of CGCC, enabling the Bank to expand financing under CGCC guarantee schemes to potential businesses, particularly SMEs and MSMEs facing collateral constraints when applying for bank loans.
WGS and ESGS will support Chief Bank in expanding access to finance for businesses facing collateral constraints, while contributing to private sector development and Cambodia’s economic resilience.
On 11 May 2026, at the Credit Guarantee Corporation of Cambodia (CGCC) office, CGCC and Lao Credit Guarantee Sole Company Limited (LCGC) signed a Memorandum of Understanding (MOU) marking the establishment of a cooperative relationship between the two credit guarantee institutions to enhance the development of credit guarantee services and the sound growth of micro, small, and medium enterprises (MSME) of the Kingdom of Cambodia and Lao People’s Democratic Republic (Lao PDR).
The MOU was signed by Mr. No Lida, Chief Executive Officer of CGCC, and Mr. Wong Keet Loong, Chief Executive Officer of LCGC, witnessed by senior representatives from the Ministry of Commerce and Industry, Ministry of Finance, Bank of Lao PDR, and CGCC’s management and team, a total of approximately 30 participants.
As Government-established, state-owned credit guarantee institutions, both organizations share a common mandate to ease financing constraints for MSMEs, a sector that serves as a cornerstone of regional economic development.
On 06 March 2026, CGCC organized a gathering to celebrate International Women’s Day and express sincere appreciation to all female staff members for their active contributions in building and strengthening the institution, achieving excellent results in its mission to promote greater financial inclusion in Cambodia.
Every talented and potential female employee of CGCC continuously uphold the organization’s core-values while contributing to the development of micro, small, and medium enterprises through credit guarantees that help strengthen and expand businesses. Together, they play a vital role in advancing the shared goal of building a stronger and more prosperous Cambodia’s economy.
Aun Pornmoniroth, Deputy Prime Minister and Minister of Economy and Finance.
Cambodia Investment Review
Cambodia’s credit guarantee framework entered a new phase this week as the Credit Guarantee Corporation of Cambodia (CGCC) marked its fifth anniversary with the launch of a new guarantee scheme aimed at supporting priority sectors and expanding access to finance for businesses and individuals.
The anniversary event, held on January 27 at the Sun and Moon Riverside Hotel in Phnom Penh, was co-organized by the Ministry of Economy and Finance and Credit Guarantee Corporation of Cambodia under the theme “Five Years of Strategic Guarantees for Inclusive Economic Development.” The ceremony was presided over by Aun Pornmoniroth, Deputy Prime Minister and Minister of Economy and Finance, and brought together around 150 participants from public institutions, development partners, banks, microfinance institutions, securities firms, and business associations.
Since its establishment, CGCC has played a growing role in Cambodia’s financial system, particularly during periods of economic stress. The anniversary served both as a stocktake of the institution’s performance over the past five years and as a platform to outline its next phase of policy support aligned with national development priorities.
A new guarantee scheme focused on priority sectors
A key highlight of the event was the official launch of “Individual Guarantee Plus,” a new CGCC scheme designed to support government strategies and priority sectors, including rice and cassava production, manufacturing, social housing development, and affordable housing.
Under the new scheme, borrowers will be able to submit an Expression of Interest directly to CGCC to obtain a credit guarantee of up to USD 10 million per loan. The facility is intended to support both working capital needs and business expansion, while allowing CGCC to jointly assess borrowers’ repayment capacity alongside participating financial institutions.
The new scheme builds on existing credit guarantee mechanisms but is structured to provide larger ticket sizes and more direct engagement with borrowers. Officials indicated that the initiative is expected to strengthen risk-sharing between lenders and the state while encouraging financial institutions to extend credit to sectors that are strategically important but often face financing constraints.
Recognizing financial institutions and enterprise beneficiaries
As part of the anniversary program, the Ministry of Economy and Finance presented Outstanding Awards to the top three participating financial institutions that disbursed the highest number of guaranteed accounts in 2025. The recipients were ABA Bank, Maybank, and Sathapana Bank, reflecting their active role in channeling guaranteed financing to businesses.
Awards were also presented to leading enterprise beneficiaries that made effective use of CGCC-backed loans. These included Sek Meas Ricemill, Bayon Heritage Holding Group Co., Ltd, and Samnang Dina Lumchang Water Supply, highlighting the range of sectors—from agriculture and processing to infrastructure and utilities—that have benefited from the guarantee framework.
In addition, Certificates of Appreciation were awarded to ten CGCC employees in recognition of long service, professionalism, and dedication to the development of the institution over its first five years of operation.
Credit guarantees as a policy tool
In his remarks, Aun Pornmoniroth described the establishment of CGCC as a strategic intervention by the Royal Government of Cambodia during the sixth legislature of the National Assembly. He pointed to the role of credit guarantees in supporting economic recovery and stability, particularly during the global COVID-19 crisis, while aligning with international best practices and Cambodia’s domestic socio-economic conditions.
According to the Ministry of Economy and Finance, credit guarantees have contributed to several key policy objectives, including expanding financial inclusion for small and medium-sized enterprises, strengthening private sector development through investment and job creation, and enhancing economic resilience by sharing risk during periods of external shock.
Five years of growth and expanding impact
CGCC operates as a state-owned enterprise under the financial and technical supervision of the Ministry of Economy and Finance, with a mandate to enhance access to finance and support inclusive economic growth.
Over its first five years, CGCC has rolled out seven individual guarantee schemes, 17 portfolio guarantee agreements, one bond guarantee agreement, and three wholesale guarantee agreements. It has also implemented the Entrepreneurship Program Initiative of CGCC (EPIC), aimed at supporting early-stage businesses and entrepreneurs.
As of December 31, 2025, CGCC had approved credit guarantees for 9,556 business loan accounts nationwide, with a total guaranteed value of USD 521.28 million. These figures underscore the institution’s expanding footprint in Cambodia’s financial sector and its role in supporting lending activity across a wide range of industries.
With the introduction of Individual Guarantee Plus, CGCC and the Ministry of Economy and Finance are signaling a continued emphasis on using credit guarantees as a targeted policy tool to support priority sectors, mobilize private financing, and sustain economic momentum in the years ahead.
The Special Credit Guarantee Scheme has been officially launched as a new financing instrument designed to support key government policies and priority sectors, including rice, cashew nuts, manufacturing, social housing development and affordable housing.
The launch ceremony was held under the presidency of H.E. Dr. Aun Pornmoniroth, Deputy Prime Minister and Minister of Economy and Finance, during the 5th anniversary of the Credit Guarantee Corporation of Cambodia (CGCC), which was jointly organised by the Ministry of Economy and Finance (MEF) and the CGCC on January 27.
Under the newly launched scheme, business owners can directly apply to the CGCC for a credit guarantee of up to USD 10 million per loan, aimed at working capital needs and business expansion.
Speaking at the ceremony, H.E. Dr. Aun Pornmoniroth said credit guarantee mechanisms have played a vital role in promoting financial inclusion, especially for small and medium-sized enterprises (SMEs), while strengthening private sector development and economic resilience.
“Credit guarantee mechanisms have significantly contributed to increasing access to finance, supporting investment expansion and job creation, especially for youth, and strengthening market confidence through joint risk management,” he said.
As of December 31, 2025, the CGCC has approved 9,556 credit guarantee accounts, supporting loans worth approximately USD 521 million.
Aun Pornmoniroth, Deputy Prime Minister and Minister of Economy and Finance.
