TITLE

Capital Requirement Hikes Show Reformist Credentials

PUB. DATE
November 2008
SOURCE
Asia Monitor: South East Asia Monitor Volume 1;Nov2008, Vol. 19 Issue 11, p6
SOURCE TYPE
Country Report
DOC. TYPE
Article
ABSTRACT
The article forecasts the economic condition of Cambodia for 2008-2009. The government's move to strengthen its banking sector through increasing the capital requirement for banks operating in the country underscores its commitment on the reformist agenda. The government's reformist agenda is expected to result rapid economic growth in the banking system, however, the pro-market reforms will continue to be overshadowed by the high levels of corruption in the country.
ACCESSION #
34763619

 

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