Cambodia: 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Cambodia

November 3, 2016

Preview Citation

Format: Chicago

Cambodia: 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Cambodia, (USA: International Monetary Fund, 2016) accessed November 26, 2024

Summary

This 2016 Article IV Consultation highlights growth in the Cambodian economy of about 7 percent in 2015, supported by strong garment exports, real estate and construction activity, and a reduction in oil prices. Inflation unexpectedly picked up at the end of 2015, to 2.8 percent, owing to higher food prices following extreme weather, but it remains well contained. Private sector credit growth has averaged nearly 30 percent over the past three years, doubling the credit-to-GDP ratio to 62 percent by the end of 2015. The near-term outlook remains broadly favorable. Growth is projected to remain robust at about 7 percent for 2016–17, supported by strong garment exports and real estate and construction activity.

Subject: Banking, Credit, Expenditure, External debt, Money, Public debt, Public investment and public-private partnerships (PPP), Revenue administration

Keywords: Asia and Pacific, Authority, CR, Credit, Credit growth, Debt, Dollar, East Asia, Europe, Global, Growth outlook, IMF article IV consultation, IMF staff share policy, IMF-World Bank FSAP mission, ISCR, Public investment and public-private partnerships (PPP), Real GDP

Publication Details

Pages:

76
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2016/340
Stock No:

1KHMEA2016001
ISBN:

9781475551327
ISSN:

1934-7685

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