## Cambodia: 2019 Article IV Consultation; Press Release; Staff Report; and Statement by the Executive Director for Cambodia

_IMF Staff Country Reports, December 23, 2019_

## Source details

**Canonical URL:** [Cambodia: 2019 Article IV Consultation; Press Release; Staff Report; and Statement by the Executive Director for Cambodia](https://www.imf.org/en/publications/cr/issues/2019/12/23/cambodia-2019-article-iv-consultation-press-release-staff-report-and-statement-by-the-48912)

## Other formats

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## Bibliographic details
- Published: December 23, 2019
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781513524313.002

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### Macroeconomic environment and growth
- Stable macroeconomic environment and strong growth have contributed to significant progress toward Sustainable Development Goals (SDGs).
- Key uncertainties noted:
  - slower global growth
  - potential suspension of preferential market access under the Everything but Arms (EBA) scheme
- Policy implication: maintain macroeconomic stability while meeting large development needs and accelerating structural reforms.

### Fiscal policy and public spending priorities
- Continued strong revenue mobilization efforts and a prudent fiscal stance are recommended.
- Restraining nondevelopment current spending to allow additional spending to address development needs.
- Expenditures should be oriented toward supporting inclusive growth through:
  - priority infrastructure investment
  - health spending
  - education spending
- Policies should be geared toward addressing sizeable spending needs to reach SDG targets in health, education and infrastructure, with support from the private sector and international donors.

### Financial sector and external imbalances
- Elevated financial sector vulnerabilities need to be addressed.
- Accelerated implementation of structural reforms is needed to:
  - remove structural constraints to growth
  - correct external imbalances
  - address governance and corruption weaknesses
  - promote sustainable and inclusive development

### Structural reform agenda
- Priority actions: accelerate structural reforms to sustain growth and inclusion.
- Reform goals include improving governance, reducing corruption, and creating conditions for private sector and donor support to meet SDG-related spending needs.

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## Content in this bundle

- **1khmea2019001**
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  - [1khmea2019001 (PDF)](/-/media/files/publications/cr/2019/1khmea2019001.pdf){rel="external" type="application/pdf"}

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_Source: https://www.imf.org/en/publications/cr/issues/2019/12/23/cambodia-2019-article-iv-consultation-press-release-staff-report-and-statement-by-the-48912_