📅 22nd January 2025 — NGOF’s representative Mr. CHAN Vicheth joined forces
with 14 leading experts, researchers, and changemakers at the "Debt and Compounding Vulnerabilities in Cambodia" workshop! Hosted at the Cambodia-Japan Cooperation Center in Phnom Penh, this dynamic session tackled Cambodia’s urgent economic challenges. 💡
🔥 Key Highlights:
✅ Public vs. Private Debt: While Cambodia’s government manages public debt effectively, uncontrolled private debt threatens economic stability and could delay the country’s graduation from Least Developed Country (LDC) status.
✅ Dual Currency Dilemma: Experts debated balancing fiscal/monetary policies in a dollarized economy and managing foreign vs. domestic financial flows.
✅ Climate Change Impact: Rising climate risks are worsening debt pressures, especially for vulnerable households and businesses.
✅ Call to Action: Urgent need for nationwide private debt research and financial literacy programs to empower communities!
🌱 The Way Forward: Collaborative solutions, smarter lending practices, and investing in public education emerged as top priorities. Let’s build a resilient Cambodia together! 💪
