Cambodia: 2022 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Cambodia
IMF Staff Country Reports, December 18, 2022
Source details
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- Cambodia: 2022 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Cambodia
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Bibliographic details
- Published: December 18, 2022
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9798400228520.002
Summary
- After suffering a recession during the pandemic, the Cambodian economy was on a steady recovery path, but faced new pressures in 2022 that have buffeted external demand and increased inflation rates.
- The authorities have largely continued with crisis policy responses and have pressed on with policy reforms.
- The recovery is projected to continue, notwithstanding external stresses.
- Risks of public debt distress remain low.
- The level of private debt raises concerns about potential debt overhang.
Major findings and projections
- Recovery trajectory: steady recovery after pandemic-induced recession, projected to continue despite external stresses.
- External sector: external demand was buffeted in 2022, contributing to pressures on the economy.
- Inflation: inflation rates increased in 2022.
- Public debt: risks of public debt distress remain low.
- Private debt: the level of private debt raises concerns about potential debt overhang.
Policy stance and actions by authorities
- Continued crisis policy responses through 2022.
- Continued implementation of policy reforms.
Subjects and keywords covered
- Subjects: Credit, External debt, Financial sector policy and analysis, Inflation, International organization, Monetary policy, Money, Prices, Public debt, Stress testing
- Keywords: Asia and Pacific, Cambodia's economy, Credit, Europe, Global, growth outlook, IMF Database, IMF-World Bank FSAP mission, Inflation, inflation expectation, Stress testing, support measure
Content in this bundle
- 1khmea2022002