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AIIB loans for unethical micro-financing

The AIIB headquarters in Beijing

The Chinese-led Asian Infrastructure Investment Bank (AIIB) sparked sharp criticism from human rights activists by granting a loan in Cambodia. Eight civil society organizations from Southeast Asia and Europe complained about the grant of 175 million US dollars to Cambodian microfinance institutions. The sector drew attention in Cambodia in recent years with unfair practices that deprived numerous microcredit borrowers of their livelihoods.

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