Cambodia: 2008 Article IV Consultation: Staff Report; Staff Supplement; and Public Information Notice on the Executive Board Discussion
IMF Staff Country Reports, February 10, 2009
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- Cambodia: 2008 Article IV Consultation: Staff Report; Staff Supplement; and Public Information Notice on the Executive Board Discussion
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Bibliographic details
- Published: February 10, 2009
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451821864.002
Major findings: macroeconomic outlook and developments
- Growth is slowing.
- Liquidity is tightening.
- Competitiveness has eroded given the recent sharp real appreciation of the Cambodian riel and U.S. dollar.
- The immediate risks to Cambodia arise from liquidity shortages among banks owing to a sharp slowing in external inflows and deposit growth.
Financial sector pressures and risks
- Banks’ balance sheets are coming under strain as a result of tightening liquidity.
- Bank lending has moderated.
- Liquidity shortages are linked to a sharp slowing in external inflows and deposit growth.
Real sector developments
- Construction activity has slowed.
- Property prices, after reaching historic peaks, appear to be declining.
Subject areas and keywords (as reported)
- Subject: Bank deposits, Banking, Commercial banks, Credit, External debt, Financial institutions, Money, Public and publicly-guaranteed external debt, Public debt
- Keywords: burden indicator, Commercial banks, CR, creating flow, Credit, debt, deficit, exchange rate, Global, headline inflation, IMF staff estimate, inflation pressure, ISCR, Public and publicly-guaranteed external debt, real GDP
Content in this bundle
- _cr0947 - Executive Summary