Phnom Penh:The National Bank of Cambodia (NBC) has introduced a new publication exploring the country's financial inclusion journey and the growth of its financial sector. The book emphasizes Cambodia's efforts in promoting inclusive access to financial services and supporting sustainable economic growth.
According to Agence Kampuchea Presse, the book, titled "Financial Inclusion, Financial Sector Development, and Growth in Cambodia and the ASEAN Region," was officially launched in Phnom Penh on November 11. It is co-authored by H.E. Dr. Chea Serey, Governor of the NBC, and Dr. Shandre Mugan Thangavelu, a professor at Sunway University in Malaysia.
The publication investigates the interplay between economic development, open economic policies, and the promotion of inclusive financial services. It focuses on Cambodia's unique characteristics as an economy with significant financial openness and tracks the evolution of access to formal financial services. Additionally, the book introduces a new methodology for assessing financial inclusion levels in Cambodia and examines the impact of financial technology (fintech) and green finance on financial sector development and sustainable growth.
The research aims to share Cambodia's expertise and experience with both regional and international communities, highlighting the country's financial sector evolution in advancing financial inclusion and sustainable growth. Following the launch, H.E. Dr. Chea Serey expressed her satisfaction in presenting the book, hoping that Cambodia's financial inclusion journey could offer valuable lessons to other countries with similar paths.
The book offers a comprehensive account of Cambodia's financial inclusion experience, linking it to broader financial sector development and economic growth, and provides insights for regional and international audiences.