Cambodia's central bank expects the country's economic growth to accelerate to its fastest pace in four years in 2012, fueled by agricultural exports, Channel News Asia reported Thursday
"One of the priorities of the government is to develop the agriculture sector," National Bank of Cambodia director general Nguon Sokha was quoted as saying.
"At the moment, growth is driven by garment sector, tourism sector and construction. Cambodia is an agriculture land so we need to develop based on our natural resource."
Nguon Sokha reportedly told the Singapore-based broadcaster that there was "a lot more interest from foreign investors to enter the banking industry in Cambodia given the good economic potential, macroeconomic stability and political stability.
"We need to balance between the need to establish a fair competition in the banking sector in order to reduce the cost in using the financial services for our consumer.
"But at the same time, we also need to look into the components, like risk management," she reportedly said.
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