PHNOM PENH: The Cambodia Association of Securities Firms (CASF) and Credit Guarantee Corporation of Cambodia (CGCC) signed a memorandum of understanding on enhancing cooperation within Cambodia’s financial sector.
The MoU signing ceremony was held here early this week under the witness of H.E. Sou Socheat, Delegate of the Royal Government in charge as Director General of the Securities and Exchange Regulator of Cambodia (SERC). CASF was represented by its Chairman Mr. Iv Ranarith, while CGCC was represented by its Chief Executive Officer Mr. No Lida.
This MoU aimed at strengthening cooperation between CASF and CGCC and marked an important milestone in enhancing cooperation within Cambodia’s financial sector, particularly in the securities market for a shared commitment to strengthening investor confidence, promoting sustainable financing, and fostering long-term sustainable growth.
This corporation is expected to create a significant positive impact on the development and resilience of Cambodia’s securities market.
In addition to celebrating the signing of the above MoU, representing the consortium members of the Cambodia Sustainable Bond Promotion (CSBA) programme which includes the SERC, the United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP), and the Global Green Growth Institute (GGGI), under the cooperation with the Credit Guarantee and Investment Facility (CGIF), GuarantCo, and CGCC launched the “CSBA Phase III” programme which provides technical assistance for the issuance of green, sustainability, and sustainability-linked bonds to promote financing for projects aligned with Cambodia’s climate priority plans, while encouraging green initiatives, sustainability, and future carbon-neutral projects.
In this meeting, H.E. Sou Socheat stated that meaningful development and sustainable growth can only be achieved through the active participation of industry united by a common vision.
“The signing of the MoU between the CASF and CGCC, along with the launch of CSBA Phase III today, stands as a testament to the impact of collaboration among all stakeholders, where valuable ideas have been exchanged and joint actions will be implemented effectively and efficiently,” he said.
Such strong strategic partnerships pave the way for building a vibrant, resilient, and sustainable financial market in Cambodia, he added.