Banking Reform in the Lower Mekong Countries
Electronic Access:
Free Download. Use the free Adobe Acrobat Reader to view this PDF file
Summary:
This paper reviews recent banking reform efforts in the lower Mekong countries (LMCs), comprising Cambodia, the Lao People's Democratic Republic, and Vietnam. Linked by close economic and cultural ties, the three LMCs face the dual challenge of economic development and transition to market-based economies. Two-tier banking systems were formally introduced in the late 1980s. However, state-owned banks with weak balance sheets continue to dominate the banking systems of Vietnam and Lao P.D.R. Cambodia's main challenge is to reconstruct a banking system after decades of civil strife. Based on progress made and brief cross-country comparisons, the paper identifies key challenges and options for further reform.
Series:
Policy Discussion Paper No. 2004/005
Subject:
Banking Commercial banks Credit Financial institutions Financial regulation and supervision Foreign banks Loan classification Money Nonperforming loans
English
Publication Date:
September 1, 2004
ISBN/ISSN:
9781451972870/1564-5193
Stock No:
PPIEA0052004
Pages:
26
Please address any questions about this title to publications@imf.org