Cambodia Resident Representative Site
Resident Representative Office in Cambodia
This web page presents information about the work of the IMF in Cambodia, including the activities of the IMF Resident Representative Office. Additional information can be found on the Cambodia and IMF country page, including IMF reports and Executive Board documents that deal with Cambodia.
IMF-JICA High-Level Conference on Economic Transformation and Inclusive Growth in Frontier Asia
The International Monetary Fund (IMF) and the Japan International Cooperation Agency (JICA) held a conference on January 28, 2013, in Bangkok, Thailand, to discuss how Frontier Asia can move up the development ladder while ensuring that growth and jobs creation benefits all segments of society.
The conference was addressed by IMF Deputy Managing Director Naoyuki Shinohara, and included ministers, central bank governors and senior officials from Bangladesh, Bhutan, Cambodia, Lao PDR, Maldives, Mongolia, Myanmar, Nepal, Timor-Leste, and Vietnam. The Kyrgyz Republic also participated, and Bank of Thailand Governor Prasarn Trairatvorakul offered opening remarks.
Conference website: www.imf.org/frontierasia (includes papers presented).
See also: Conference program and press release.
News — Highlights
As part of a series of JISPA newsletters commemorating the JISPA 20th year’s anniversary in 2013, this second issue focuses on the IMF’s role in the JISPA, through an interview with Messrs. Shogo Ishii and Odd Per Brekk, respectively former and current directors of the IMF Regional Office for Asia and the Pacific (OAP).
Op-ed by Faisal Ahmed, IMF Resident Representative, Olaf Unteroberdoerster, IMF Mission Chief for Cambodia and Rupa Duttagupta, Deputy Division Chief, Research Department, The Phnom Penh Post, May 8, 2013
Cambodia and the IMF
February 27, 2014
Author/Editor: Olaf Unteroberdoerster
February 4, 2014
Series: Country Report No. 14/33
Cambodia at the New Frontier—an Address to the Royal School of Administration, by Christine Lagarde, Managing Director, International Monetary Fund
Press Release:IMF Managing Director Christine Lagarde Meets King Sihamoni,Prime Minister Hun Sen and Other Senior Officials in Cambodia
Regional Economic Outlook: Asia and Pacific
Despite a weaker-than-expected first half of the year, the outlook for the Asia and Pacific region remains solid. The ongoing global recovery, while tepid, should support Asia's exports. Meanwhile, favorable financial and labor market conditions, as well as broadly accommodative policies, will continue to underpin domestic demand. GDP is forecast to grow by 5.5 percent for the third consecutive year in 2014, rising slightly to 5.6 percent in 2015. Financial dislocations associated with higher global interest rates, and protracted weak growth in advanced and emerging market economies are the main downside risks to the outlook. A sharper-than-anticipated downturn in China's real estate sector and less-effective-than-envisaged Abenomics in Japan would also adversely affect regional growth prospects. Geopolitical tensions could also disrupt trade and financial flows, with adverse effects on growth. Policymakers in the region should capitalize on the outlook to gradually rebuild policy space and push ahead with structural reforms to deliver sustainable growth. While there is no one-size-fits-all approach, fiscal consolidation should generally continue in a calibrated manner, especially where debt levels are higher, and monetary normalization should proceed particularly where inflation pressures are high or building up.