{
  "title": "Cambodia: 2009 Article IV Consultation-Staff Report; Staff Supplement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director",
  "publication": "IMF Staff Country Reports, December 8, 2009",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/cambodia-2009-article-iv-consultation-staff-report-staff-supplement-public-information-23441",
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  "summary": "This 2009 Article IV Consultation underlies that following a decade of high economic growth and significant poverty reduction, Cambodia’s economy has been hard hit by the global crisis.",
  "sections": [
    {
      "heading": "Economic impact of the global crisis",
      "content": "- Following a decade of high economic growth and significant poverty reduction, Cambodia’s economy has been hard hit by the global crisis.\n- Real GDP is contracting as key sectors falter.\n- Export and tourism receipts have fallen off sharply, reflecting:\n  - a narrow production base,\n  - high concentration of exports,\n  - softening external demand."
    },
    {
      "heading": "Policy response and Executive Directors' emphasis",
      "content": "- In response to the slowdown, policies have been eased significantly.\n- Executive Directors emphasized:\n  - the need to reduce the domestic financing component of the fiscal deficit,\n  - reprioritizing expenditure to protect vulnerable groups."
    },
    {
      "heading": "Subjects and keywords covered",
      "content": "- Subjects: Banking, Commercial banks, External debt, Financial institutions, Fiscal policy, Fiscal stance, Public debt, Public financial management (PFM)\n- Keywords: bank supervision capacity, budget, budget outlook, Cambodia, capital revenue, Commercial banks, CR, deficit, draft budget, financing, financing requirement, Fiscal stance, GDP, GDP deflator, Global, ISCR, Mekong, staff appraisal, staff Proj\n\n---\n\n Content in this bundle\n\n- cr09325\n  - cr09325 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - cr09325 (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: December 8, 2009",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781451821888.002",
    "Following a decade of high economic growth and significant poverty reduction, Cambodia’s economy has been hard hit by the global crisis.",
    "Real GDP is contracting as key sectors falter.",
    "Export and tourism receipts have fallen off sharply, reflecting:",
    "In response to the slowdown, policies have been eased significantly.",
    "Executive Directors emphasized:",
    "Subjects: Banking, Commercial banks, External debt, Financial institutions, Fiscal policy, Fiscal stance, Public debt, Public financial management (PFM)",
    "Keywords: bank supervision capacity, budget, budget outlook, Cambodia, capital revenue, Commercial banks, CR, deficit, draft budget, financing, financing requirement, Fiscal stance, GDP, GDP deflator, Global, ISCR, Mekong, staff appraisal, staff Proj",
    "**_cr09325**"
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