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

International Monetary Fund

No 2021/260, IMF Staff Country Reports from International Monetary Fund

Abstract: 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.

Keywords: IMF-World Bank FSAP mission; policy setting; IMF's transparency policy; Policy discussion; burden indicator; Stress testing; Debt sustainability analysis; Loans; Asia and Pacific; Europe (search for similar items in EconPapers)
Pages: 89
Date: 2021-12-09
New Economics Papers: this item is included in nep-mac and nep-sea
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.imf.org/external/pubs/cat/longres.aspx?sk=510848 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:imf:imfscr:2021/260

Ordering information: This working paper can be ordered from
http://www.imf.org/external/pubs/pubs/ord_info.htm

Access Statistics for this paper

More papers in IMF Staff Country Reports from International Monetary Fund International Monetary Fund, Washington, DC USA. Contact information at EDIRC.
Bibliographic data for series maintained by Akshay Modi ().