Cambodia: 2010 Article IV Consultation-Staff Report; Staff Statement and Supplement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Cambodia
IMF Staff Country Reports, February 7, 2011
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- Cambodia: 2010 Article IV Consultation-Staff Report; Staff Statement and Supplement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Cambodia
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Bibliographic details
- Published: February 7, 2011
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781455216659.002
Overview
- Prior to the global crisis, Cambodia enjoyed a decade of high growth and relative stability.
- As a result of the global crisis, output collapsed, and longstanding structural vulnerabilities have been exposed.
- Discussions focused on the dual policy challenge to safeguard macroeconomic stability and policy credibility, and to lay the foundations for broader-based and inclusive growth.
- IMF staff recommended that the next Article IV Consultation take place on the standard 12-month cycle.
- IMF staff underscored the need for better and faster data for key economic statistics.
Key findings
- Economic performance before the crisis: a decade of high growth and relative stability.
- Crisis impact: output collapsed and exposed longstanding structural vulnerabilities.
- Policy priorities identified:
- Safeguard macroeconomic stability.
- Preserve policy credibility.
- Lay foundations for broader-based and inclusive growth.
- Data shortcomings:
- Need for better and faster data for key economic statistics.
Policy recommendations and implications
- Conduct the next Article IV Consultation on the standard 12-month cycle.
- Strengthen statistical capacity to provide timely and better-quality economic data to support policy formulation and monitoring.
- Balance short-term measures to stabilize the economy with reforms to address structural vulnerabilities and promote inclusive growth.