Cambodia: Staff Report for the 2004 Article IV Consultation

IMF Staff Country Reports, October 22, 2004

Source details

Macroeconomic performance has been generally good.
Exports soared following a bilateral trade agreement with the United States.
Large aid inflows helped finance domestic investment and spurred construction activities.
Prudent fiscal policy has been the key to ensuring price stability.
Overall GDP growth has been robust mainly because of a strong rebound in agricultural production.

External developments were favorable and supported growth.
Fiscal prudence contributed to macroeconomic stability, particularly price stability.
Aid inflows played a significant role in financing domestic investment and construction.
Trade liberalization with the United States corresponded with a marked increase in exports.
Agricultural recovery was a primary driver of robust overall GDP growth.

Maintain prudent fiscal policy to preserve price stability.
Leverage aid inflows to finance productive domestic investment, including construction where appropriate.
Continue policies that support export growth following trade agreements.
Support agricultural recovery and resilience to sustain GDP growth.

Publication title: Cambodia: Staff Report for the 2004 Article IV Consultation
Publication date: October 22, 2004
Series: Country Report No. 2004/328
Issue: 328
Volume: 2004
Pages: 75
DOI: https://doi.org/10.5089/9781451821741.002
ISBN: 9781451821741
ISSN: 1934-7685
Stock No: 1KHMEA0022004
Subject: Expenditure, Fiscal policy, Poverty, Poverty reduction strategy, Public debt, Revenue administration
Keywords: Asia and Pacific, Cambodia's NPRS, Cambodia's NPRS., CR, East Asia, government, IMF executive board reviews progress report, ISCR, NPRS target, Poverty reduction strategy, poverty reduction strategy paper, reform agenda

Source: Cambodia: Staff Report for the 2004 Article IV Consultation (IMF Staff Country Reports, 2004).