A recent study of the Kingdom's private sector indicates that the most pressing problem

faced by manufacturers is a lack of working capital, followed by increasing competition

domestically and from illegal and legal imports.

Of those surveyed, 63 % said insufficient working capital was the "main obstacle

to more rapid growth". The study, entitled "The Private Maunfacturing Sector

in Cambodia: A survey of 63 firms", was produced by the Mekong Project Development

Facility (MPDF), an adjunct of the International Finance Corporation. The report

says "the problem of corruption was mentioned by some managers as a serious

issue in certain cases, but was not cited unilaterally as a principal major obstacle."