IMF urges response to rapid credit growth in Cambodia
Staff report lays out buffet of macro-prudential tools to choose from
Cambodian authorities should adopt a host of macro-prudential measures to tackle rapid credit growth in the country, according to staff at the International Monetary Fund.
Private sector credit grew by an average of 30% in each of the past three years, before climbing to 33% in the first six months of 2015. The credit-to-GDP ratio has doubled over the same period and now exceeds 50%. The loan-to-deposit ratio surpassed 100% earlier this year.
Together these have generated concern at the IMF
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