Reuters - Tuesday, January 27
PHNOM PENH, Jan 27 - Cambodia's central bank said on Tuesday it would cut bank reserve requirements next month to 12 percent from 16 percent to try to stimulate more lending in the face of easing inflation and economic growth… Read more
2 comments:
That's another smart move by the government following the recent tax breaks for garment manufacturers. Such expansionary fiscal & monetary policies are crucially important during the time of economic hardship.
Does the G have enough reserves to afford these measures without huge effects on other things such as inflation?
Another perhaps promising step governance-wise is that they are very close to implementing the Organic Law (deconcentration reform) which focuses on sub-national governments. This might help boost the progress of decentralisation reform (ease the work of commune/sangkat councils) and help improve the line of accountability of provincial and district authorities. Let's see if this will be the case. And let's see if Cambodia works best within the context of unification of power (monopoly) since it's quite a controversy that they are adopting democratic reforms but at the same time grabbing monopoly of and maximizing power.
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