IFC proposes to extend $90m loan to Cambodia’s ACLEDA Bank

The Mekong River flows from China through Myanmar, Cambodia, Laos, Thailand and Vietnam (Photo: Internet Archive)

The International Finance Corporation (IFC), a member of the World Bank Group, has proposed to offer a loan of up to $90 million to ACLEDA Bank Plc, a commercial lender based in Phnom Penh, according to an IFC disclosure.

IFC is likely to extend up to $60 million as a subordinated loan from its own account and $30 million as a syndicated subordinated loan.

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