Cambodia: 2021 Article IV Consultation-Press Release; and Staff Report
IMF Staff Country Reports, December 9, 2021
Source details
- Canonical URL
- Cambodia: 2021 Article IV Consultation-Press Release; and Staff Report
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Bibliographic details
- Published: December 9, 2021
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781616355944.002
Summary findings
- "The rapid spread of the virus in Cambodia during 2021 has set the economy back again, after external demand collapsed in 2020."
- Authorities' crisis response measures included:
- increased healthcare spending;
- a new system of cash transfers to vulnerable households;
- loans and guarantees;
- tax breaks; and
- wage subsidies and retraining.
- Growth outcomes and near-term outlook:
- 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.
Economic outlook and key projections
- 2020: growth contracted by -3.1 percent.
- 2021: growth expected to be 2.2 percent.
- Medium-term: gradual recovery toward pre-crisis rates of around 6½ percent.
Policy responses and analysis themes
- Fiscal and social measures:
- increased healthcare spending;
- a new system of cash transfers to vulnerable households;
- loans and guarantees;
- tax breaks;
- wage subsidies and retraining.
- Analytical subjects covered in the report:
- Debt sustainability analysis;
- External debt;
- Financial institutions;
- Financial sector policy and analysis;
- International organization;
- Loans;
- Monetary policy;
- Public debt;
- Stress testing.
Subjects and keywords
- 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
International Monetary Fund. Asia and Pacific Dept "Cambodia: 2021 Article IV Consultation-Press Release; and Staff Report", IMF Staff Country Reports 2021, 260 (2021).
Content in this bundle
- 1khmea2021002