Financial Stability, Crucial for National Economic Development

Experts have placed emphasis on financial stability as cornerstone for development of national economy.

The highlight was made by H.E. Mrs. Chea Serey, Director General of Central Banking of the National Bank of Cambodia (NBC) in a ceremony to disseminate booklets on Financial Stability 2019 here in Phnom Penh recently.

Countries across the world, H.E. Mrs. Chea Serey continued, have understood and paid highest attention to the significance of financial sector, noticeably following the economic crisis in 2007 and 2008.

She compared economy to a person's body and financial sector to their heart, stressing that the two intimately interact.

With poor financial performance, a country is very likely to encounter economic crunch.

According to NBC Deputy Governor H.E. Mrs. Neav Chanthana, this is the first time for the bank to publish the book of high value and usefulness for financial sector in the country.

She added that it also serves as inputs to develop financial policies for both public and private sector as well as relevant stakeholders to ensure successful business operation and investment.

Source: Agency Kampuchea Press