Cambodia Launches Macroeconomic Surveillance Database System Testing
AKP Phnom Penh, July 27, 2021 --
The National Bank of Cambodia (NBC) and ADB’s Economic Research and Regional Cooperation Department have launched the Macroeconomic Surveillance Database System (MSDS) testing to secure timely report of macroeconomic and financial status.
According to the press release from NBC, the recent launch was hosted virtually under the chairmanship of Mr. Khou Vouthy, NBC Deputy Director General of Central Banking Directorate, and Mr. Anthony Gill, Head of Portfolio Administration Unit at the ADB Cambodia Resident Mission.
Supported by the Government of Japan's Investment Climate Facilitation Fund, the MSDS is a web-enabled database which produces timely indicators and reports on Cambodia’s macroeconomic and financial conditions.
The database will be an important tool that eases the analysis and monitoring the progress of macroeconomic and financial sector, and support the formulation of strategic policies aimed at ensuring price stability and sustainable economic growth.
In addition to highlighting the evolution of the 70 key indicators, the new online database produces other important information and data such as summary charts, graphs and data of macroeconomic segments divided into 300 categories compiled from time to time.
The launch of this database testing is another step in the process of disseminating high-quality, efficient and timely information in accordance with the NBC’s mission.
By Chan S. Ratha