Cambodia Boosts Non-Banking Financial Sector Expertise with Economic Outlook and Communication Skills Seminar

The Non-Banking Financial Services Regulatory Agency (NBFRA) of Cambodia organized a seminar on July 22 concerning the current economic situation in Cambodia within the context of the global economy, and communication skills titled "The Arts of Narrative." Approximately 200 participants, including NBFRA leadership, officials, affiliated agencies, and related operators, attended the program. His Excellency Dr. Sok Siphana, Minister Attached to the Prime Minister (in charge of Economic and International Trade Missions), served as the guest speaker. He shared his analysis of Cambodia's current economic status, global economic fluctuations, and geopolitical shifts. He also discussed the opportunities and challenges facing the Cambodian economy, as well as strategies to enhance the resilience and competitiveness of the national economy in response to the rapidly changing international environment. Furthermore, Dr. Siphana elaborated on "The Arts of Narrative," emphasizing that the ability to organize and present ideas clearly, with structure, and in a way that builds trust, is a crucial skill for leaders, technical officials, and policymakers. He explained how this skill is vital for communication, policy explanation, and fostering understanding with stakeholders and the public. In his welcoming remarks, Mr. Sok Dara, Director General of NBFRA, briefed the attendees on the history, current status, and general outlook of the development of the non-banking financial sector in Cambodia. He highlighted that the sector is a new financial field established in accordance with the Law on Non-Banking Financial Business and is continuously growing under the leadership and attention of the government. Mr. Dara stressed that in addition to developing legal frameworks and markets, NBFRA continues to focus on building and strengthening human resource capacity, considering the development of both hard and soft skills as fundamental to sustainable institutional and sectoral development. The seminar provided valuable knowledge, perspectives, and experiences to all participants, enhancing strategic thinking, economic contextual analysis, and effective communication skills. These elements are essential for leaders, officials, and operators in the non-banking financial services sector to perform their daily functions and responsibilities, thereby supporting the sustainable development of the sector. Source: CPP Cambodia