IMF Staff Country Reports

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

Publication Date:

December 9, 2021

Electronic Access:

Free Download. Use the free Adobe Acrobat Reader to view this PDF file

Summary:

The rapid spread of the virus in Cambodia during 2021 has set the economy back again, after external demand collapsed in 2020. The authorities responded to the crisis with measures to support households and firms, including increased healthcare spending; a new system of cash transfers to vulnerable households; loans and guarantees; tax breaks; and wage subsidies and retraining. Despite these measures, 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.

Series:

Country Report No. 2021/260

Subject:

Debt sustainability analysis External debt Financial institutions Financial sector policy and analysis International organization Loans Monetary policy Public debt Stress testing

Frequency:

regular