Cambodia: 2021 Article IV Consultation-Press Release; and Staff Report
December 9, 2021
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The rapid spread of the virus in Cambodia during 2021 has set the economy back again, after external demand collapsed in 2020. The authorities responded to the crisis with measures to support households and firms, including increased healthcare spending; a new system of cash transfers to vulnerable households; loans and guarantees; tax breaks; and wage subsidies and retraining. Despite these measures, growth is estimated to have contracted by -3.1 percent in 2020. Growth in 2021 is expected to be 2.2 percent, slowly recovering to pre-crisis rates of around 6½ percent.
Subject: Debt sustainability analysis, External debt, Financial institutions, Financial sector policy and analysis, International organization, Loans, Monetary policy, Public debt, Stress testing
Keywords: Asia and Pacific, burden indicator, Debt sustainability analysis, Europe, IMF-World Bank FSAP mission, IMF's transparency policy, Loans, Policy discussion, policy setting, Stress testing
Pages:
89
Volume:
2021
DOI:
Issue:
260
Series:
Country Report No. 2021/260
Stock No:
1KHMEA2021002
ISBN:
9781616355944
ISSN:
1934-7685
