Cambodia's exports were expected to remain strong partly because of preferential tariffs for least-developed countries exporting to the EU, it said. Cambodia's economy rests on four pillars: agriculture, garment manufacturing, tourism and construction. The World Bank said higher tourism arrivals, up 16 per cent to 2.5 million tourists last year, had helped boost the economy with receipts of 1.8 billion dollars. But it warned construction remained sluggish and said the ratio of loans to deposits was static at around 74 per cent, the result of limited lending opportunities. Foreign investment rose 16 per cent last year, which helped to diversify production and exports. The World Bank singled out a trebling of milled rice exports for particular praise. Cambodia enjoyed strong annual growth of 6.5 to 13.3 per cent from 2001 to 2008. However, the global economic crisis exposed the country's reliance on its narrow four-pillar economic base.
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