This is an opinion article by an external contributor. The views belong to the writer.
Measures announced by Cambodiasbanks and microfinance lenders to help clients who are unable to repay because of COVID-19 are grossly inadequate. Debt relief, the only realistic way to help these stricken borrowers, is now essential.
This is the only way out which will not lead to widespread seizures of land and property from impoverished farmers.These people were in many cases rashly encouraged to borrow to generate profits for the banks and microfinance lenders in Cambodia over the last 20 years.
As I argued in The Brussels Times in July, Cambodias largest microfinance lender ACLEDA has betra…
Read the full article at: https://www.brusselstimes.com/opinion/125906/cambodian-microfinance-borrowers-urgently-need-debt-relief/
