Financial access and stability in Cambodia : opportunities and challenges
Date
2014-04
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
Abstract
This report summarises the main points concerning financial sector development and economic growth discussed in a series of research workshops and policy roundtables. Cambodia officially launched the Financial Sector Development Strategy 2011-2020 in order to open access to financial services, improve financial literacy and increase financial inclusion, nurturing growth in key sectors of the economy such as agriculture while maintaining financial stability. Excessive credit growth triggered by “financial deepening” can increase the likelihood of instability in the banking system. Financial deepening is the increased provision and widening choice of financial services, of which all levels of society can take advantage.
Description
item.page.type
Synthesis Report
item.page.format
Keywords
ACCESS TO CREDIT, AGRICULTURAL CREDIT, DEVELOPING COUNTRIES, FINANCIAL INCLUSION, BANKING, CREDIT, CAMBODIA, FAR EAST ASIA