European Parliament Library

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

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
Table Of Contents
Cover; Contents; Executive Summary; I. Introduction; II. Recent Economic Developments and Outlook; III. Report on Discussions; A. Preserving Macroeconomic Stability in the Wake of the Global Crisis; B. Strengthening the Financial Sector; C. Reducing Vulnerabilities and Fostering Competitiveness; IV. Staff Appraisal; Boxes; 1. Garments Sector-Impact of the Global Slowdown and Prospects; 2. Update on Public Financial Management Reform; 3. Banking Sector Vulnerabilities; Figures; 1. Real Sector and Inflation Developments; 2. External Developments; 3. Fiscal Developments; 4. Monetary Developments
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (70 p.)
Specific Material Designation
Form Of Item

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