Tag Archives: International Monetary Fund

Banking during economic decline

The World Bank and the International Monetary Fund released reports on the Cambodian banking sector that warned of potentially serious problems with liquidity and nonperforming loans. What is your reaction to those reports? Firstly, in terms of the banking sector, … Continue reading

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Central bank warns lenders over property

CAMBODIA’S central bank has warned that the property market downturn could increase nonperforming loans (NPLs). The National Bank of Cambodia (NBC) said its latest supervision report showed NPLs rising from US$58 million in June 2008 to almost $88 million by … Continue reading

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National Bank of Cambodia denies banking instability

THE National Bank of Cambodia (NBC) said Thursday that the Kingdom is not exposed to the global credit crunch. Speaking at the Banking Cambodia conference that kicked off Thursday, Neav Chanthana, deputy governor at the central bank, said that the … Continue reading

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Global economic downturn affected Cambodia: IMF warns

With the impact of the global financial crisis and economic slowdown, The International Monetary Fund (IMF) warned that Cambodian economy will face “serious challenges”. IMF projected that the growth rate of Cambodian economy would be falling below 4.8 percent in … Continue reading

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Cambodian economic growth rate down in 2009

While the global economic crisis continues to collapse, the International Monetary Fund (IMF) projected that the Cambodian economic growth rate will be likely to fall below 4.8 percent in 2009 but Cambodian government officials have rebuffed a gloomy economic forecast. … Continue reading

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