Prince Holding Group’s Post

Regarding the report of Myanmar Economic Monitor: Livelihoods Under Threats by World Bank Group, I would like to share Myanmar Banking and Microfinance Economic Outlook as attached document. In which, 4 sections have been included as (1) Myanmar's Currency Depreciation and Foregin Exchange Challenges (2) Banking and Microfinance Sector in Myanmar : Challenges and Opportunities (3) Challenges in the Microfinance Sector (4) Funding Challenges and Potential Solutions for MFIs. You can explore more here : https://lnkd.in/g_ppz5uB Citation | Myanmar Economic Monitor: Livelihoods Under Threat (English).

Pakistan to receive $2 billion annually from Asian Development Bank (ADB) to boost economic growth. Funds allocated for energy, transportation, and water resource management to address infrastructure gaps. ADB's commitment aims to stabilize Pakistan's economy, tackling current account deficit and fiscal sustainability. Finance Minister Ishaq Dar welcomes ADB's support, reinforcing Pakistan's long-term partnership with the bank. . . . #ADBPakistan #EconomicGrowth #InfrastructureDevelopment #PakistanEconomy #AsianDevelopmentBank #tribunetrends

It’s good to be back in Cambodia after being away on my annual block leave; and I am pleased to share my latest article in Khmer Times (14 October 2024). In the final trilogy of “Captains of Cambodia”, series, we look at a keenly discussed topic by many banking and business leaders; “How do we stimulate the domestic economy ?” I have provided my perspective strictly from a banking angle. Considering the banking sector plays a pivotal role in any economy, it’s important that we get the “lending engine” firing again and also ensure the loans are channeled to the right productive sectors. Concurrently urgent attention & efforts are needed to manage the elevated non-performing loans situation in the banking system. https://lnkd.in/gx9TgzRX #banking #cambodia #economy

Cambodia is Forging a Path toward Economic Resilience! The National Bank of Cambodia's latest Financial Stability Review (FSR) highlights key financial indicators demonstrating economic resilience amid global uncertainty. - KHR Exchange Rates: The Cambodian Riel remained stable against the US dollar, with the KHR/USD index at 95.57. - International Reserves: Adequate reserves with a reserves-to-imports ratio stabilizing at 7.1 months. - Balance of Payments: A slight 0.4% deficit in the balance of payments as a percentage of GDP due to weakened exports. - Trade and Export: The trade balance deficit narrowed to -7.0% of GDP, reflecting export sector challenges from global conditions. - FDI Inflows: Recovered $4 billion, with financial activities receiving the largest share, and China remaining the dominant source. The stability in the exchange rate and adequate reserves underscore the effectiveness of the central bank's monetary policies in helping the economy withstand external shocks. However, fiscal deficits widened due to declining revenues and higher expenditures, increasing pressures from rising external debt. At Prince Holding Group, we are leveraging these insights to optimize our strategies and commit to continue innovating and investing in crucial sectors, contributing to Cambodia’s enduring growth. P.S. On a scale of 1-10, how important do you think stable exchange rates are for economic confidence? #CambodiaEconomy #PrinceHoldingGroup #PHGReimagine Source: Cambodia Investment Review

Amidst global economic uncertainties, the National Bank of Cambodia's Governor Chea Serey brings a wave of optimism. Cambodia's banking and financial industry stands resilient and robust, defying global trends where financial instability is a concern. With a firm banking system as the nation's economic backbone, Cambodia showcases its strength even as major economies face banking challenges. The Cambodian banking system, unlike others, remains stable and dependable, thriving amidst global disruptions such as geopolitical tensions and climate change threats. The key? Cooperation and adherence to prudent regulations by banking institutions, maintaining stable credit interest rates and fostering economic growth. Remarkable economic indicators reflect this success: a drop in inflation to 2.1%, a stable exchange rate of the Khmer Riel, and impressive international reserves amounting to $20 billion! The secret sauce? Prudent monetary policy and a robust financial infrastructure with numerous banks and ATMs across the nation. Cambodia stands as a beacon of financial resilience, proving that with the right policies and diligence, stability is achievable even in turbulent times. To read more, visit - https://lnkd.in/gpB4sqS2 #Cambodia #EconomicGrowth #FinancialResilience #BankingSectorSuccess #GlobalEconomy #TheBetterCambodia

S&P Global has maintained Rwanda's creditworthiness at B+ with stable economic outlook. Its decision is underpinned by Rwanda's anticipated robust economic growth, ongoing initiatives to boost domestic revenue generation, and prudent expenditure management. https://lnkd.in/dx3Vj6F4

Creditworthiness is crucial for countries as it affects their ability to borrow money at favorable rates, impacting economic stability and growth. For instance, Rwanda's B+ rating by S&P Global reflects anticipated robust economic growth and prudent financial management, which are essential for maintaining investor confidence and securing funding for development projects.

Interesting that there would be ICT 41percent in commitments and ICT Advisory is just 4 percent.., The report offers four key lessons to inform the World Bank Group’s future engagement with the country.  The World Bank Group in Papua New Guinea, 2008-23 The Country Program Evaluation (CPE) report assesses the relevance and effectiveness of World Bank Group support to Papua New Guinea between fiscal year FY08 and FY23.  It assesses the Bank Group’s development effectiveness in addressing the three core themes, namely: (i) lack of investment in Papua New Guinea’s non-extractive sectors and their poor performance (* ICT sector, *Tourism sector, *Private sector) (ii) the economic exclusion of women and gender-based violence (GBV) issues associated with it, and (iii) unmitigated risks of disaster from natural hazards, and violence, and conflict https://lnkd.in/g-YHiYaE

The Country Policy and Institutional Assessment - CPIA for Africa evaluates policies and institutions on a scale of 1 to 6. The scores help determine the allocation of World Bank concessional lending and grants, guiding countries towards sustainable growth and poverty reduction by highlighting the effectiveness of their policies and reforms. Recent events, such as protests against the Finance Bill 2024, economic reforms, and a rise in GDP growth to 5.6% in 2023, are likely to impact Kenya's CPIA scores. The government's response to fiscal challenges, political stability, and economic measures will be crucial in shaping future assessments. Despite challenges, opportunities for improvement exist through regional initiatives like the African Continental Free Trade Area (AfCFTA) Secretariat and digital transformation efforts, which could positively influence Kenya's performance if effectively implemented. To get the full report please visit https://lnkd.in/eJpCEzhH #Finance #Kenya #Development

The International Monetary Fund (IMF) board will decide in May whether Rwanda qualifies for $165.5 million in fresh financing to address balance of payments constraints and climate-related risks. The IMF team led by Ruben Atoyan visited Kigali from March 11 to 22, 2024, to evaluate Rwanda's economic reform progress within the context of various programs, including the Policy Coordination Instrument (PCI), Resilience and Sustainability Facility (RSF), and Stand-by Credit Facility (SCF). Upon completion of the review, Rwanda may access funding under RSF and SCF, contributing to long-term stability and short-term balance of payments needs. The country's growth momentum remains strong, meeting all quantitative targets and progressing well with reforms aimed at expenditure rationalization and building resilience. Rwanda's commitment to climate-related reforms and economic stability is highlighted, but risks such as geopolitical fragmentation and global energy spikes remain. Despite challenges, the economy grew by 8.2% in 2023, emphasizing the need for continued fiscal consolidation and efforts to develop bankable climate projects. #IMF #economicgrowth #hakunamatatamedia