Phnom Penh: Prosperity under the shadow of peace and under the fire of war are very different, this is the main point that Dr. Kao Thach, CEO of ARDB Bank, emphasized at the 49th ADFIAP Annual Conference in Colombo, Sri Lanka, about the numerous refugee camps along the Cambodian-Thai border, and the refugees are unable to return to their homes due to the invasion of the Thai military. He also showed a picture of the Preah Vihear temple, which was damaged by bombs dropped by Siamese aircraft.
Dr. Kao Thach said that to achieve true prosperity, one should live under the shadow of peace, and in a country with political and economic stability, we must live under the shadow of peace to have enough time to develop the country and share prosperity.
Seizing the opportunity, Dr. Kao Thach also emphasized to the delegates the importance of peace, that is, with peace, there is development.
Indeed The war destroyed the World Heritage Site of Preah Vihear, which was also destroyed by invasion from neighboring countries, and left thousands of families, including children and women, displaced, who lost their homes, jobs and daily livelihoods.
The 49th ADFIAP Annual Meeting on September 23 2026 under the theme “Cooperation for Shared Prosperity, Leveraging Regional Potential”. In this regard, Dr. Kao Thach considered that partnerships between development finance institutions, governments, development partners and the private sector can help mobilize resources, share risks, enhance expertise and expand financing to create broader development programs.
In addition, as President of the Association of Development Finance Institutions in Asia and the Pacific (ADFIAP), Dr. provided key insights to leaders of development finance institutions, the private sector, and distinguished guests who attended “Together to Provide Finance, Together to Mobilize Resources, Together to Share Risks and Together to Expand Programs for Shared Prosperity and Sustainable Development in Asia and the Pacific.
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