{
  "title": "Cambodia: Ex Post Assessment of Longer-Term Program Engagement",
  "publication": "IMF Staff Country Reports, October 22, 2004",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/cambodia-ex-post-assessment-of-longer-term-program-engagement-17789",
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  "summary": "This Ex Post Assessment of Longer-Term Program Engagement for Cambodia reports its progress in implementing its economic stabilization, reconstruction, and reform programs.",
  "sections": [
    {
      "heading": "Executive summary and main findings",
      "content": "- Reports progress in implementing Cambodia's economic stabilization, reconstruction, and reform programs.\n- Prior to the normalization of relations with the IMF, Cambodia experienced waves of rapid inflation and exchange rate depreciation.\n- The inflation and depreciation reflected the government's recurrent resort to money creation to finance the fiscal deficit as external assistance withered.\n- Monetary instability and negative real interest rates persist.\n- Financial intermediation levels and confidence remain low."
    },
    {
      "heading": "Analytical themes",
      "content": "- Monetary policy and stability\n  - Recurrent money creation to finance fiscal deficits contributed to rapid inflation and exchange rate depreciation.\n  - Monetary instability and negative real interest rates are ongoing constraints.\n- Financial sector and intermediation\n  - Low levels of financial intermediation and weak confidence are highlighted as important problems impeding recovery and reform.\n- Program implementation and reform progress\n  - The assessment covers Cambodia's implementation of stabilization, reconstruction, and reform programs in the period covered by the report."
    },
    {
      "heading": "Publication and document metadata",
      "content": "- Publication title: Cambodia: Ex Post Assessment of Longer-Term Program Engagement\n- Publication date: October 22, 2004\n- Series: Country Report No. 2004/324\n- Issue: 324\n- Volume: 2004\n- Pages: 46\n- DOI: https://doi.org/10.5089/9781451821697.002\n- Stock No: 1KHMEA0012004\n- ISBN: 9781451821697\n- ISSN: 1934-7685\n- Format noted on landing page: PDF available; additional formats on IMF eLibrary"
    },
    {
      "heading": "Subjects and keywords emphasized",
      "content": "- Subjects: Expenditure, Poverty, Poverty reduction, Poverty reduction and development, Poverty reduction strategy, Public debt\n- Keywords: Cambodia, civil service, core area, CR, financial support, firm, fiscal policy, fund staff estimate, government, government contract, government contract concession, ISCR, Oustanding fund credit, policy strategy, Poverty reduction, Poverty reduction and development, Poverty reduction strategy, program implementation capacity, renewed access, revenue, Southeast Asia\n\nInternational Monetary Fund. \"Cambodia: Ex Post Assessment of Longer-Term Program Engagement\", IMF Staff Country Reports 2004, 324 (2004), accessed 9/9/2026, https://doi.org/10.5089/9781451821697.002\n\n---\n\n Content in this bundle\n\n- Cambodia: Ex Post Assessment of Longer-Term Program Engagement\n  - Cambodia: Ex Post Assessment of Longer-Term Program Engagement (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Cambodia: Ex Post Assessment of Longer-Term Program Engagement (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: October 22, 2004",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781451821697.002",
    "Reports progress in implementing Cambodia's economic stabilization, reconstruction, and reform programs.",
    "Prior to the normalization of relations with the IMF, Cambodia experienced waves of rapid inflation and exchange rate depreciation.",
    "The inflation and depreciation reflected the government's recurrent resort to money creation to finance the fiscal deficit as external assistance withered.",
    "Monetary instability and negative real interest rates persist.",
    "Financial intermediation levels and confidence remain low.",
    "Monetary policy and stability",
    "Financial sector and intermediation",
    "Program implementation and reform progress",
    "Publication title: Cambodia: Ex Post Assessment of Longer-Term Program Engagement",
    "Publication date: October 22, 2004",
    "Series: Country Report No. 2004/324",
    "Issue: 324",
    "Volume: 2004",
    "Pages: 46",
    "DOI: https://doi.org/10.5089/9781451821697.002",
    "Stock No: 1KHMEA0012004",
    "ISBN: 9781451821697",
    "ISSN: 1934-7685",
    "Format noted on landing page: PDF available; additional formats on IMF eLibrary",
    "Subjects: Expenditure, Poverty, Poverty reduction, Poverty reduction and development, Poverty reduction strategy, Public debt",
    "Keywords: Cambodia, civil service, core area, CR, financial support, firm, fiscal policy, fund staff estimate, government, government contract, government contract concession, ISCR, Oustanding fund credit, policy strategy, Poverty reduction, Poverty reduction and development, Poverty reduction strategy, program implementation capacity, renewed access, revenue, Southeast Asia",
    "**Cambodia: Ex Post Assessment of Longer-Term Program Engagement**"
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