This report has been developed by UNCDF within the framework of the UN SDG Funded Project “Integrated National Financing Framework (INFF) to Catalyse Blended Finance for Transformative CSDG Achievement”.

The project brings together UNDP and UNCDF to support the Royal Government of Cambodia to develop their Integrated National Financing Framework (INFF) that will be used to support the countries CSDG commitments.

INFFs provide a framework for financing national sustainable development priorities and the SDGs
at the country level.
This report, as the initial phase of a deep-dive study related to capital markets and debt financing, it identifies critical bottlenecks that is restricting expansion of the Cambodian Securities Exchange (CSX).

The work adds to the large body of work undertaken in the sphere of development financing undertaken the RGC, the IFIs, Development Partners and the external
finance sector and rating agencies.