Cambodia: 2009 Article IV Consultation-Staff Report; Staff Supplement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director

December 8, 2009

Preview Citation

Format: Chicago

Cambodia: 2009 Article IV Consultation-Staff Report; Staff Supplement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director, (USA: International Monetary Fund, 2009) accessed November 24, 2024

Summary

This 2009 Article IV Consultation underlies that following a decade of high economic growth and significant poverty reduction, Cambodia’s economy has been hard hit by the global crisis. Real GDP is contracting as key sectors falter—export and tourism receipts have fallen off sharply, reflecting a narrow production base, high concentration of exports, and softening external demand. In response to the slowdown, policies have been eased significantly. Executive Directors have emphasized the need to reduce the domestic financing component of the fiscal deficit while reprioritizing expenditure to protect vulnerable groups.

Subject: Banking, Commercial banks, External debt, Financial institutions, Fiscal policy, Fiscal stance, Public debt, Public financial management (PFM)

Keywords: Bank supervision capacity, Budget, Budget outlook, Cambodia, Capital revenue, Commercial banks, CR, Deficit, Draft budget, Financing, Financing requirement, Fiscal stance, GDP, GDP deflator, Global, ISCR, Mekong, Staff appraisal, Staff Proj

Publication Details

Pages:

69
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2009/325
Stock No:

1KHMEA2009003
ISBN:

9781451821888
ISSN:

1934-7685

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