Cambodia: 2009 Article IV Consultation-Staff Report; Staff Supplement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director
IMF Staff Country Reports, December 8, 2009
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- Cambodia: 2009 Article IV Consultation-Staff Report; Staff Supplement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director
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Bibliographic details
- Published: December 8, 2009
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451821888.002
Economic impact of the global crisis
- Following a decade of high economic growth and significant poverty reduction, Cambodia’s economy has been hard hit by the global crisis.
- Real GDP is contracting as key sectors falter.
- Export and tourism receipts have fallen off sharply, reflecting:
- a narrow production base,
- high concentration of exports,
- softening external demand.
Policy response and Executive Directors' emphasis
- In response to the slowdown, policies have been eased significantly.
- Executive Directors emphasized:
- the need to reduce the domestic financing component of the fiscal deficit,
- reprioritizing expenditure to protect vulnerable groups.
Subjects and keywords covered
- Subjects: Banking, Commercial banks, External debt, Financial institutions, Fiscal policy, Fiscal stance, Public debt, Public financial management (PFM)
- Keywords: bank supervision capacity, budget, budget outlook, Cambodia, capital revenue, Commercial banks, CR, deficit, draft budget, financing, financing requirement, Fiscal stance, GDP, GDP deflator, Global, ISCR, Mekong, staff appraisal, staff Proj