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Lesson
Experience with this program validated the four reasons for the choice the policy-based lending (PBL) programmatic approach as most suitable for the development of the finance sector of Cambodia. First, financial sector development is a gradual process that requires proper sequencing. Key foundational reforms of the banking subsector must be in place before progressing to more complex reforms of the nonbank subsector.
Project Number:
44263-013, 44263-015, 44263-016
Project Name:
Inclusive Financial Sector Development Program
Report Date:
30 Nov 2023
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