Cambodia: 2008 Article IV Consultation: Staff Report; Staff Supplement; and Public Information Notice on the Executive Board Discussion
February 10, 2009
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This staff report for Cambodia’s 2008 Article IV Consultation describes economic developments and policies. Growth is slowing, liquidity is tightening, and, as a result, banks’ balance sheets are coming under strain. Competitiveness has eroded given the recent sharp real appreciation of the Cambodian riel and U.S. dollar. The immediate risks to Cambodia arise from liquidity shortages among banks owing to a sharp slowing in external inflows and deposit growth. Bank lending has moderated, construction activity has slowed, and property prices, after reaching historic peaks, appear to be declining.
Subject: Bank deposits, Banking, Commercial banks, Credit, External debt, Financial institutions, Money, Public and publicly-guaranteed external debt, Public debt
Keywords: burden indicator, Commercial banks, CR, creating flow, Credit, debt, deficit, exchange rate, Global, headline inflation, IMF staff estimate, inflation pressure, ISCR, Public and publicly-guaranteed external debt, real GDP
Pages:
62
Volume:
2009
DOI:
Issue:
047
Series:
Country Report No. 2009/047
Stock No:
1KHMEA2009001
ISBN:
9781451821864
ISSN:
1934-7685
