## Cambodia: 2021 Article IV Consultation-Press Release; and Staff Report

_IMF Staff Country Reports, December 9, 2021_

## Source details

**Canonical URL:** [Cambodia: 2021 Article IV Consultation-Press Release; and Staff Report](https://www.imf.org/en/publications/cr/issues/2021/12/08/cambodia-2021-article-iv-consultation-press-release-and-staff-report-510848)

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## Bibliographic details
- Published: December 9, 2021
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781616355944.002

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### Summary findings
- "The rapid spread of the virus in Cambodia during 2021 has set the economy back again, after external demand collapsed in 2020."
- Authorities' crisis response measures included:
  - increased healthcare spending;
  - a new system of cash transfers to vulnerable households;
  - loans and guarantees;
  - tax breaks; and
  - wage subsidies and retraining.
- Growth outcomes and near-term outlook:
  - growth is estimated to have contracted by -3.1 percent in 2020;
  - growth in 2021 is expected to be 2.2 percent, slowly recovering to pre-crisis rates of around 6½ percent.

### Economic outlook and key projections
- 2020: growth contracted by -3.1 percent.
- 2021: growth expected to be 2.2 percent.
- Medium-term: gradual recovery toward pre-crisis rates of around 6½ percent.

### Policy responses and analysis themes
- Fiscal and social measures:
  - increased healthcare spending;
  - a new system of cash transfers to vulnerable households;
  - loans and guarantees;
  - tax breaks;
  - wage subsidies and retraining.
- Analytical subjects covered in the report:
  - Debt sustainability analysis;
  - External debt;
  - Financial institutions;
  - Financial sector policy and analysis;
  - International organization;
  - Loans;
  - Monetary policy;
  - Public debt;
  - Stress testing.

### Subjects and keywords
- Subject: Debt sustainability analysis, External debt, Financial institutions, Financial sector policy and analysis, International organization, Loans, Monetary policy, Public debt, Stress testing
- Keywords: Asia and Pacific, burden indicator, Debt sustainability analysis, Europe, IMF-World Bank FSAP mission, IMF's transparency policy, Loans, Policy discussion, policy setting, Stress testing

*International Monetary Fund. Asia and Pacific Dept "Cambodia: 2021 Article IV Consultation-Press Release; and Staff Report", IMF Staff Country Reports 2021, 260 (2021).*

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_Source: https://www.imf.org/en/publications/cr/issues/2021/12/08/cambodia-2021-article-iv-consultation-press-release-and-staff-report-510848_