Cambodia: Rebuilding for a Challenging Future

By Sumio Ishikawa, Sibel Beadle, Damien Eastman, Srobona Mitra, Alejandro Lopez Mejia, Wafa F Abdelati, Koji Nakamura, Il Houng Lee, Sònia Muñoz, Robert P. Hagemann, David T. Coe, Nadia Rendak

February 23, 2006

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Sumio Ishikawa, Sibel Beadle, Damien Eastman, Srobona Mitra, Alejandro Lopez Mejia, Wafa F Abdelati, Koji Nakamura, Il Houng Lee, Sònia Muñoz, Robert P. Hagemann, David T. Coe, and Nadia Rendak. Cambodia: Rebuilding for a Challenging Future, (USA: International Monetary Fund, 2006) accessed December 23, 2024

Summary

Cambodia's reconstruction and reform efforts have spanned almost 25 years following the Khmer Rouge period, which ended in 1979. Economic reforms began in earnest in the early 1990s, but reform efforts were beset by ongoing internal tensions and civil unrest. Although external factors, including sizable aid inflows and a trade agreement with the United States, helped boost growth in the past decade, the country remains one of the poorest in the region. The current coalition government has announced a strategy aimed at revitalizing economic reforms, and in 2004 Cambodia formally joined the World Trade Organization. But elimination of the garment quota system under the Agreement on Textiles and Clothing is exposing an underlying deterioration in competitiveness, which, coupled with slow growth in the agriculture sector and other structural obstacles to private sector growth, has resulted in a medium-term outlook that remains uncertain.

Subject: Aid flows, Currencies, Exchange rates, Exports, Foreign aid, Foreign exchange, International trade, Legal support in revenue administration, Money, Poverty, Public financial management (PFM), Revenue administration

Keywords: A. dollarization trend, Aid flows, Asia and Pacific, CPI inflation, Currencies, Exchange rates, Exports, FDI inflow, Garment export, Global, Government, Growth performance, Inequality poverty decomposition, ISI, Judicial system, Legal support in revenue administration, Middle East, SI, Southeast Asia, Sub-Saharan Africa

Publication Details

Pages:

118
Volume:

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DOI:

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Issue:

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Series:

IMF Special Issues
Stock No:

ISIEA2005005
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