
10/09/2025
Gold-standard on paper. Devastating in practice.
In the last 20 years, European governments—including Dutch development bank FMO, France’s AFD, Belgium’s BIO, Austria’s OeEB, and Norway’s Norfund—have invested hundreds of millions of dollars into Cambodian loan firms.
Borrowers and family members say pressures from credit officers have contributed to su***des.
“Microfinance institutions and their investors must take the situation seriously and ensure that their activities do not deepen the burdens faced by affected communities,” said Eang Vuthy, executive director of the Cambodian NGO Equitable Cambodia.
Leila Goldstein and Phon Sothyroth report for Follow The Money. 👇
Om dit rapport in het Nederlands te lezen, klik hier. Content warning: This article discusses su***de. In a country that is struggling with poverty and high illiteracy rates, Europe-funded firms are...