IMF Airs Concerns Over Real Estate Loans

Phnom Penh – The International Monetary Fund (IMF) aired concerns last week over the mounting concentration of bank credit in the real estate and construction sectors while projecting the country’s annual economic growth at 7.25 percent this year.

The IMF did not provide a breakdown of the exact share of the country’s overall credit balance held by the real estate and construction sectors.

“Bank credit, increasingly concentrated in the real estate market and construction sectors, is expected to grow around 20 percent in 2018,” said Jarkko Turunen, who led the IMF’s team to conduct its annual Cambodia consultation.

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