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 research component of a deep-dive study related to capital markets and debt financing, provides an overview of market appetites for the future issuance of Cambodian sovereign debt.

The findings will support the Royal Government of Cambodia (RGC) The work adds to the large body of work undertaken in the sphere of development financing undertaken the the
RGC, the IFIs, Development Partners and the external finance sector and rating agencies.