Cambodia: Staff Report for the 2011 Article IV Consultation

February 27, 2012

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Cambodia: Staff Report for the 2011 Article IV Consultation, (USA: International Monetary Fund, 2012) accessed September 18, 2024

Summary

This 2011 Article IV Consultation reports that Cambodia’s high degree of dollarization and largely reduced fiscal space constrain the authorities’ ability to cushion shocks. Macroeconomic stability hinges on prudent fiscal policies. The mission cautioned that fiscal space is limited and that greater consolidation efforts are needed to strengthen revenue administration and prioritize spending. The outlook for external debt sustainability has improved on Cambodia’s prudent track record, but potentially large contingent liabilities from public–private power sector projects need to be carefully managed.

Subject: Bank deposits, Banking, External debt, Fiscal policy, Fiscal space, National accounts, Public debt, Public financial management (PFM)

Keywords: CR, Fiscal space, GDP, GDP deflator, Global, Headline inflation, IMF TA, ISCR, Mekong, Nonagricultural GDP growth, Real GDP, Real GDP growth, U.S. dollar

Publication Details

Pages:

67
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2012/046
Stock No:

1KHMEA2012001
ISBN:

9781463939083
ISSN:

1934-7685

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