Abstract
This chapter explores the fascinating history of the ACLEDA Institute of Business (AIB), introduces the people who built it and the reasons why. An overview of higher education in Cambodia, the strategy and expenditure, how it compares to regional peers, and the difficult journey from the past to the present is provided. Challenges of access, quality and composition to respond to the labor market are noted. The history of AIB and many transitions over a decade are presented along with the great outreach to national and international financial sector participants.
From month to month new students enroll, existing students continue, and AIB gains more trust from the student body and Cambodian society
Dr. Phon Narin, Managing Director, ACLEDA Institute of Business
We also teach participants how to transfer knowledge to their colleagues.
Mr. Chhan Ponloeu, President & CEO of ACLEDA Training Center Ltd. 2011–2016, Managing Director 2016, ACLEDA Institute of Business
We train, you gain.
ACLEDA Training Center (ATC) tagline 2008–2018
Created by Mr. Tauch Ngam Youra, Vice President & Head of Public Relations Department, ACLEDA Institute of Business
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Notes
- 1.
The generally accepted definition of ethical banking is that it encompasses any bank, financial institution, or system that operates based on values driven by environmental and social responsibility. For a summary history and discussion of ethical banking, see, Callejas-Albiñana et al. 2017.
- 2.
From 2000 to 2018, ACLEDA Bank held a variety of courses for Bank staff, Cambodian MFIs and banks, overseas visitors, staff of Lao PDR and Myanmar subsidiaries, and students and the general public in Cambodia, including MSEs (micro and small enterprises). The details are presented later in this chapter.
- 3.
- 4.
See Chap. 3 for a discussion of Smart Campaign Client Protection Principles and Certification in Cambodia.
- 5.
Definition: General government expenditure on education (current, capital, and transfers) is expressed as a percentage of GDP. It includes expenditure funded by transfers from international sources to government. General government usually refers to local, regional, and central governments (UNESCO).
- 6.
As a comparison, the average OECD nation spent $9313 per young person. As a share of its economy, the United States spent more than the average country in the survey. In 2010, the United States spent 7.3% of its gross domestic product on education, compared with the 6.3% average of other OECD countries (UNESCO).
- 7.
Definition: government expenditure on education—current, capital, and transfer spending on education, expressed as a percentage of GDP.
- 8.
See Chap. 2 for a more detailed analysis of World Economic Forum Competitiveness Index for Cambodia.
- 9.
For narratives from the period, see Dith Pran. 1999. Children of Cambodia’s Killing Fields: Memoirs by Survivors. Yale University Press. New Haven.
- 10.
“More than three quarters of all university teaching staff and a phenomenal 96% of students were massacred by the Khmer Rouge,” according to Chealy, C (2006). Cambodia. Cited in Higher Education in South East Asia (pp.13–31). Bangkok: UNESCO Asia and Pacific Regional Bureau for Education. Cited in Williams, James, Kitamura, Yuto and Keng, Sopcheak. 2014. Higher Education in Cambodia: Expansion and Quality Improvement. Williams J.H. , Kitamura Y. , Keng C.S. (2016) Higher Education in Cambodia. In: Kitamura Y. , Edwards D.B. , Sitha C. , and Williams J.H. (eds.) The Political Economy of Schooling in Cambodia. International and Development Education. Palgrave Macmillan, New York. Chealy, C. 2005. “Cambodia.” In Higher education in South East Asia, pp. 13–33. Bangkok: UNESCO Asia and Pacific Regional Bureau for Education.
- 11.
The gross enrollment rate is the number of students enrolled in a given level of education, regardless of age, expressed as a percentage of the official school-age population corresponding to the same level of education. For the tertiary level, the population used is the 5-year age group starting from the official secondary school graduation age (UNESCO 2018).
- 12.
In 2008 the gross enrollment rate in tertiary education was 6.18% for women and 12.05% for men. By 2017, the gross enrollment rate in tertiary education was 12.17% for women, almost double, and 14.07% for men, showing a 2% increase in 2017 over 2015, but a significant decrease from the gross enrollment for men in 2011 of 18.24% (UNESCO 2018).
- 13.
For further information on some of the less obvious challenges of fintech applications, see, for example, a recent publication by Mr. Anup Singh, Principle Consultant, Banking and Financial Services at MicroSave, “An Open Letter to Central Bank of Kenya Governor, Patrick Njoroge,” Singh (2018) MicroSave is an international financial inclusion consulting firm with 20 years of experience, 11 offices around the world, 175 staff, managing projects in around 50 developing countries.
- 14.
- 15.
For a discussion of “flight to quality” in the Cambodian banking sector and the difficult reforms it required, see the Prologue to Part 2, “Flight to Quality.”
- 16.
AIB. Achievements as of August 31, 2018.
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Clark, H.A. (2020). ACLEDA Institute of Business: A New Generation of Bankers. In: Beyond Borders, Beyond Banking. Springer, Singapore. https://doi.org/10.1007/978-981-15-1687-0_10
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