Great Expectations but Disappointing Results : What Went Wrong with the Cambodia Institute of Banking?
There were great expectations of success in January 2004 when International Finance Corporations (IFC's) multidonor advisory initiative, the Mekong Private Sector Development Facility (MPDF) launched the Cambodia Institute of Banking (CIB), Ca...
| Main Author: | |
|---|---|
| Format: | Brief |
| Language: | English |
| Published: |
World Bank, Washington, DC
2012
|
| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2007/11/9853990/great-expectations-disappointing-results-went-wrong-cambodia-institute-banking-great-expectations-disappointing-results-went-wrong-cambodia-institute-banking http://hdl.handle.net/10986/10634 |
| id |
okr-10986-10634 |
|---|---|
| recordtype |
oai_dc |
| spelling |
okr-10986-106342021-04-23T14:02:51Z Great Expectations but Disappointing Results : What Went Wrong with the Cambodia Institute of Banking? Biallas, Margarete O. ACCESS TO FINANCE ACCOUNTING ADVISORY SERVICES AFFORDABLE PRICES ANNUAL SALARY BANK TRAINING BANKING INDUSTRY BANKS BENEFICIARIES BUSINESS DEVELOPMENT BUSINESS DEVELOPMENT SERVICE BUSINESS PLAN COMMERCIAL BANKS COMMERCIAL FINANCE CONTRIBUTION COST-SHARING CURRICULA CURRICULUM CURRICULUM DESIGN CURRICULUM DEVELOPMENT DEPOSITS DONOR FUNDING ECONOMIC DEVELOPMENT EMPLOYEE ENROLLMENTS FINANCE INDUSTRY FINANCIAL MARKETS FINANCIAL SECTOR FINANCIAL SELF-SUFFICIENCY FINANCIAL SERVICES FIXED COSTS GROUP LOANS JOB CREATION JOB TRAINING LARGE BANKS LEVEL OF EDUCATION LOAN LOAN OFFICER LOAN OFFICERS LOCAL BANKS MARKET DEVELOPMENT MARKETING MEDIA RELATIONS MEDIUM ENTERPRISES MFIS MICROFINANCE MICROFINANCE INSTITUTIONS NATIONAL BANK NEEDS ASSESSMENT RESPONSIBILITIES RURAL BANKS SALARY SENIOR TELLERS TRAINEES TRAINING CENTER TRAINING MATERIALS TRAINING OF TRAINERS TRAINING PROGRAM TRANSACTION There were great expectations of success in January 2004 when International Finance Corporations (IFC's) multidonor advisory initiative, the Mekong Private Sector Development Facility (MPDF) launched the Cambodia Institute of Banking (CIB), Cambodia's first training center for the finance industry. There was obvious need, the Association of Banks in Cambodia was backing CIB with members' own money, and IFC advisory staff was well qualified to help launch and advice CIB after three years of advising a similar, successful institution in Vietnam. So, with many good reasons for success, why was CIB a disappointment, and what lessons can be learned from this? Establishing business development service providers such as CIB is a good use of donor money, because many more enterprises can be served. But the approach is based on several important assumptions that should not be underestimated. The market must be large enough; financing must be sufficient; and the sponsor must be committed and provide enough funding. Also, Board members must have the right skills and enough time, and be willing to serve for several years. And in a frontier, post conflict country like Cambodia, where qualified staff is in short supply, the time frame for spin-off must be much longer. 2012-08-13T12:30:20Z 2012-08-13T12:30:20Z 2007-11 http://documents.worldbank.org/curated/en/2007/11/9853990/great-expectations-disappointing-results-went-wrong-cambodia-institute-banking-great-expectations-disappointing-results-went-wrong-cambodia-institute-banking http://hdl.handle.net/10986/10634 English IFC Smart Lessons Brief CC BY-NC-ND 3.0 IGO http://creativecommons.org/licenses/by-nc-nd/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research :: Brief Publications & Research East Asia and Pacific Cambodia |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
ACCESS TO FINANCE ACCOUNTING ADVISORY SERVICES AFFORDABLE PRICES ANNUAL SALARY BANK TRAINING BANKING INDUSTRY BANKS BENEFICIARIES BUSINESS DEVELOPMENT BUSINESS DEVELOPMENT SERVICE BUSINESS PLAN COMMERCIAL BANKS COMMERCIAL FINANCE CONTRIBUTION COST-SHARING CURRICULA CURRICULUM CURRICULUM DESIGN CURRICULUM DEVELOPMENT DEPOSITS DONOR FUNDING ECONOMIC DEVELOPMENT EMPLOYEE ENROLLMENTS FINANCE INDUSTRY FINANCIAL MARKETS FINANCIAL SECTOR FINANCIAL SELF-SUFFICIENCY FINANCIAL SERVICES FIXED COSTS GROUP LOANS JOB CREATION JOB TRAINING LARGE BANKS LEVEL OF EDUCATION LOAN LOAN OFFICER LOAN OFFICERS LOCAL BANKS MARKET DEVELOPMENT MARKETING MEDIA RELATIONS MEDIUM ENTERPRISES MFIS MICROFINANCE MICROFINANCE INSTITUTIONS NATIONAL BANK NEEDS ASSESSMENT RESPONSIBILITIES RURAL BANKS SALARY SENIOR TELLERS TRAINEES TRAINING CENTER TRAINING MATERIALS TRAINING OF TRAINERS TRAINING PROGRAM TRANSACTION |
| spellingShingle |
ACCESS TO FINANCE ACCOUNTING ADVISORY SERVICES AFFORDABLE PRICES ANNUAL SALARY BANK TRAINING BANKING INDUSTRY BANKS BENEFICIARIES BUSINESS DEVELOPMENT BUSINESS DEVELOPMENT SERVICE BUSINESS PLAN COMMERCIAL BANKS COMMERCIAL FINANCE CONTRIBUTION COST-SHARING CURRICULA CURRICULUM CURRICULUM DESIGN CURRICULUM DEVELOPMENT DEPOSITS DONOR FUNDING ECONOMIC DEVELOPMENT EMPLOYEE ENROLLMENTS FINANCE INDUSTRY FINANCIAL MARKETS FINANCIAL SECTOR FINANCIAL SELF-SUFFICIENCY FINANCIAL SERVICES FIXED COSTS GROUP LOANS JOB CREATION JOB TRAINING LARGE BANKS LEVEL OF EDUCATION LOAN LOAN OFFICER LOAN OFFICERS LOCAL BANKS MARKET DEVELOPMENT MARKETING MEDIA RELATIONS MEDIUM ENTERPRISES MFIS MICROFINANCE MICROFINANCE INSTITUTIONS NATIONAL BANK NEEDS ASSESSMENT RESPONSIBILITIES RURAL BANKS SALARY SENIOR TELLERS TRAINEES TRAINING CENTER TRAINING MATERIALS TRAINING OF TRAINERS TRAINING PROGRAM TRANSACTION Biallas, Margarete O. Great Expectations but Disappointing Results : What Went Wrong with the Cambodia Institute of Banking? |
| geographic_facet |
East Asia and Pacific Cambodia |
| relation |
IFC Smart Lessons Brief |
| description |
There were great expectations of success
in January 2004 when International Finance Corporations
(IFC's) multidonor advisory initiative, the Mekong
Private Sector Development Facility (MPDF) launched the
Cambodia Institute of Banking (CIB), Cambodia's first
training center for the finance industry. There was obvious
need, the Association of Banks in Cambodia was backing CIB
with members' own money, and IFC advisory staff was
well qualified to help launch and advice CIB after three
years of advising a similar, successful institution in
Vietnam. So, with many good reasons for success, why was CIB
a disappointment, and what lessons can be learned from this?
Establishing business development service providers such as
CIB is a good use of donor money, because many more
enterprises can be served. But the approach is based on
several important assumptions that should not be
underestimated. The market must be large enough; financing
must be sufficient; and the sponsor must be committed and
provide enough funding. Also, Board members must have the
right skills and enough time, and be willing to serve for
several years. And in a frontier, post conflict country like
Cambodia, where qualified staff is in short supply, the time
frame for spin-off must be much longer. |
| format |
Publications & Research :: Brief |
| author |
Biallas, Margarete O. |
| author_facet |
Biallas, Margarete O. |
| author_sort |
Biallas, Margarete O. |
| title |
Great Expectations but Disappointing Results : What Went Wrong with the Cambodia Institute of Banking? |
| title_short |
Great Expectations but Disappointing Results : What Went Wrong with the Cambodia Institute of Banking? |
| title_full |
Great Expectations but Disappointing Results : What Went Wrong with the Cambodia Institute of Banking? |
| title_fullStr |
Great Expectations but Disappointing Results : What Went Wrong with the Cambodia Institute of Banking? |
| title_full_unstemmed |
Great Expectations but Disappointing Results : What Went Wrong with the Cambodia Institute of Banking? |
| title_sort |
great expectations but disappointing results : what went wrong with the cambodia institute of banking? |
| publisher |
World Bank, Washington, DC |
| publishDate |
2012 |
| url |
http://documents.worldbank.org/curated/en/2007/11/9853990/great-expectations-disappointing-results-went-wrong-cambodia-institute-banking-great-expectations-disappointing-results-went-wrong-cambodia-institute-banking http://hdl.handle.net/10986/10634 |
| _version_ |
1764413816624381952 |