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Cambodia: 2009 Article IV Consultation-Staff Report; Staff Supplement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director

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  • International Monetary Fund

Abstract

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. Real GDP is contracting as key sectors falter—export and tourism receipts have fallen off sharply, reflecting a narrow production base, high concentration of exports, and softening external demand. In response to the slowdown, policies have been eased significantly. Executive Directors have emphasized the need to reduce the domestic financing component of the fiscal deficit while reprioritizing expenditure to protect vulnerable groups.

Suggested Citation

  • International Monetary Fund, 2009. "Cambodia: 2009 Article IV Consultation-Staff Report; Staff Supplement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director," IMF Staff Country Reports 2009/325, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2009/325
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    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=23441
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    Cited by:

    1. Ahmed Taneem Muzaffar & Anis Chowdhury, 2014. "The IMF and the policy of low inflation: A review of Article IV consultations for selected Asian developing countries," The Economic and Labour Relations Review, , vol. 25(3), pages 435-454, September.

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