IFC watchdog to review Cambodia's microcredit lenders

NGOs say World Bank lending arm caused 'grave harm' in backing the sector

20220502 IFC

Cambodia has the highest per capita microloan sizes in the world, more than 95% of Cambodians' annual incomes on average. (Source photos by AP) 

SHAUN TURTON, Contributing writer

PHNOM PENH -- The watchdog of the International Finance Corp., the World Bank's private lending arm, has agreed to review a complaint alleging it has caused "grave harm" by funding microcredit lenders in Cambodia.

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