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When There Was No Money - Building ACLEDA Bank in Cambodia's Evolving Financial Sector (Paperback, Softcover reprint of hardcover 1st ed. 2006)
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When There Was No Money - Building ACLEDA Bank in Cambodia's Evolving Financial Sector (Paperback, Softcover reprint of hardcover 1st ed. 2006)
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The challenges in development often seem insurmountable. They
overwhelm - tions and the builders of their most basic
institutions. I am often asked how dev- opment finance agencies can
work together to meet this challenge. In reply I invite you to read
a story about cooperation in re-building one of the most basic
insti- tions of any society -- the banking system. KfW Bankengruppe
places great emphasis on financial sector development. Our
experience in our own country, and beyond our borders, shows that
one of the first steps is building a banking system that fuels
growth through investment in enterprises. Micro, small and medium
enterprises are the backbone of many economies; they are also the
wealth of the people and generate their hope in the future. We
believe that the depth of the financial sector is related to
economic growth; the growth and safety of deposits, the facility of
payments, and the in- vation to develop new products and services
that strengthen markets and promote investment. A strong banking
system supports economic growth by attracting unproductive capital
and injecting it into the economy, increasing the productivity of
the country's capital base and leveraging it by attracting outside
capital.
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