Original disclosure @ MIGA website
Updated in EWS Oct 10, 2022
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According to the bank's website, "by supporting ABA’s loan growth, MIGA’s guarantee helps improve access to finance for Cambodian MSMEs in the context of a financing gap estimated at 20-30% of GDP and at a time of increased pressure due to the COVID-19 crisis. In addition to improving access to finance to MSMEs, 75% of the freed-up capital will be used to support WMSMEs. The Project also enhances the stability and resilience of the MSME sector in Cambodia and demonstrates the viability of lending to a sector that is often perceived as risky. At the same time, the Project demonstrates the importance of adopting inclusive business models targeting WMSMEs."
ACCESS TO INFORMATION
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ACCOUNTABILITY MECHANISM OF IFC/MIGA
The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org. You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org