PHNOM PENH: The National Bank of Cambodia (NBC) officially launched on Dec. 17 the “Financial Sector Development Strategy 2025-2030,” a key document for the continued development of the financial system in Cambodia.
The official launching ceremony was presided over by H.E. Dr. Aun Pornmoniroth, Deputy Prime Minister and Minister of Economy and Finance, H.E. Dr. Chea Serey, NBC Governor and Chairwoman of the Financial Sector Development Steering Committee, and H.E. Vijay Kumar Akasam, Head of Country Operations of the Asian Development Bank to Cambodia, as well as representatives from ministries, institutions, and development partners.
The “Financial Sector Development Strategy” is a roadmap for long-term financial sector development that has been updated five times and has been implemented for about 25 years, starting from the implementation of the Financial Sector Development Vision and Plan 2001-2010, H.E. Dr. Aun Pornmoniroth said.
The Deputy Prime Minister spoke highly of the successful preparation of the “Financial Sector Development Strategy 2025-2030” by relevant ministries and institutions.
“The Cambodian economy has recovered rapidly and continued to be on a strong growth path following the global COVID-19 crisis, despite continuing to face challenges and high uncertainties in the regional and global situation,” he said.
Currently, despite facing retaliatory tariffs and encroachments on national sovereignty and territorial integrity, the Cambodian economy is expected to achieve a growth rate of around 5.2 percent in 2025 and around 5 percent in 2026, H.E. Dr. Aun Pornmoniroth added.
The strategy aligns with the government’s Pentagonal Strategy – Phase 1 and Cambodia’s long-term goal of becoming an upper-middle-income country, positioning the financial sector as a driver of resilience, productivity and inclusive development in an uncertain global environment.
NBC Governor H.E. Dr. Chea Serey said that the strategies implemented so far have strengthened the foundations of a stable, diversified, modern and integrated financial system.
“With the vision of transforming Cambodia into an upper-middle-income country, the financial system must be capable and dynamic to support more interconnected economic activity, deeper integration, and higher productivity,” she underlined.