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Why is access to finance a problem for water suppliers?

Profitable businesses frequently lack access to finance to grow, whether that be investing in productive assets (fixed assets), or financing working capital and supply chains (inventory). Businesses in Cambodia, as in many other countries, find access to debt finance particularly difficult, as they lack appropriate collateral to secure the loan, and banks lack the capacity to analyse the investment opportunity.  Here we present a case study of a 2014-15 project we undertook with GRET in the piped water industry, to...

AEC promises freer movement of labour … at the margin

Will AEC help labour shortages in Lao PDR? We often hear that the ASEAN Economic Community (AEC) will free up the movement of labour between ASEAN countries. This, we are told, will have big implications for Laotian businesses and workers. However, we shouldn’t lose sight of the country’s biggest labour market challenge: a shortage of low-skilled workers. Under the AEC, governments are trying to make it easier for skilled workers in a few specific occupations to work in any ASEAN country. It...