Not often thought of as one of east Asia’s star performers, the Cambodian economy has been showing rapid and sustained growth in recent years. And consequently, investor interest in the country, including the fledgling banking and finance sector, is on the rise. Last year, the Cambodian Investment Board approved $2.3bn in foreign direct investment (FDI) pledges, gross domestic product (GDP) growth was thought to be about 9%-10%, and according to John Nelmes, the International Monetary Fund’s resident representative in Cambodia, inflation was contained at a mere 3.5%.
This year should see a broadly similar pace of economic growth for Cambodia, although aggregate FDI inflows may struggle to match the bumper figures of last year.
