Cambodia: Staff Report for the 2013 Article IV Consultation
IMF Staff Country Reports, February 4, 2014
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- Cambodia: Staff Report for the 2013 Article IV Consultation
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Bibliographic details
- Published: February 4, 2014
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781475566451.002
Debt sustainability findings
- The Debt Sustainability Analysis update highlights Cambodia’s continued low debt distress rating.
- All debt burden indicators are projected to remain below the respective thresholds.
Contingent liabilities and public-private partnerships
- The authorities have made progress in monitoring their potential contingent liabilities.
- Progress includes monitoring contingent liabilities related to power generation and distribution projects under public-private partnerships that receive government guarantees.
- The latest estimates show that the total investment of all projects amounted to about $3.2 billion (about 25 percent of GDP in 2012), lower than the previous estimate of about 50 percent of GDP in 2011.
Debt management progress and strategy
- Developments are consistent with the Debt Management Strategy adopted in 2012.
- The authorities have been strengthening debt management and improving monitoring of potential contingent liabilities.
Key takeaways
- Low debt distress rating maintained.
- Debt burden indicators remain below thresholds.
- Improved monitoring and debt management, with specific attention to PPP-related contingent liabilities in the power sector.
- Investment exposure from monitored projects: $3.2 billion; about 25 percent of GDP in 2012 (compared with about 50 percent of GDP in 2011).
Source: Cambodia: Staff Report for the 2013 Article IV Consultation (IMF Staff Country Reports 2014, 033).
Content in this bundle
- Cambodia 2013 Article IV Consultation; IMF Country No. 14/33; January 9, 2014