Tuesday, August 16, 2005

Cambodia's economic growth likely to reach 6.7 percent

Phnom Penh (VNA) - Cambodia's State Bank governor Chea Chanto has said that the national economic growth rate is expected to stand at 6.7 percent in 2005, against the 5.6 percent growth in 2004.

Speaking at a conference on August 15, he said this is attributed to political stability and high growth of some spearhead economic sectors such as tourism, construction, agriculture and garments.

He added that the bank has taken measures to stabilise domestic currency, minimise and prevent the dollarisation of the Cambodian market, and boost economic development.

The bank will continue to strengthen the banking system in accordance with current situation of the country, he said.-Enditem

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