The challenges are significant when 85% of the population is unbanked and the country has no capital markets. The acting governor of Da Afghanistan Bank outlines his plans to build from the ground up, promote financial inclusion, and learn from countries like Cambodia.
Cambodia's capital markets are starting to show signs of life as Acleda Bank launches a landmark IPO. The deal could build the momentum the country needs to entice frontier market investors on a more sustainable basis.
First ever bond issue from Cambodia comes up trumps despite being caught in the crosshairs of emerging market volatility and the deadening weight of Chinese property credits on secondary market spreads.