SERC joins forces with World Bank, ADB on financial sector
The Securities and Exchange Regulator of Cambodia (SERC) is joining forces with international multilateral development banks to scale up sustainable finance in the Kingdom’s securities market, and to coordinate training and capacity building initiatives, according to SERC director-general Sou Socheat.
On August 6, Socheat led a team of technical officials to a meeting with experts from the World Bank, led by Ratchada Anantavrasilpa, a senior financial sector specialist at the Washington, DC-based lender’s Bangkok office.
Following the meeting, entitled “Toolkits for Policymakers to Green the Financial System”, Socheat expressed gratitude to the World Bank for its constant support for development of the securities sector and the Kingdom as a whole, according to an SERC statement posted on the same day.
At the meeting, the securities chief shared details about the SERC’s collaboration with the Metro Manila-based Asian Development bank to develop sustainable finance solutions for the Cambodian securities sector.
“Cambodia has requested [the] World Bank to provide capacity building assistance for SERC officials and securities market professionals in Cambodia to build [a] solid foundation for green finance development in Cambodia in the future,” he said.
According to Socheat, the World Bank team accepted the proposal and plan to organise a capacity building programme for the Kingdom next year.