Cambodia: Ex Post Assessment of Longer-Term Program Engagement

International Monetary Fund

No 2004/324, IMF Staff Country Reports from International Monetary Fund

Abstract: This Ex Post Assessment of Longer-Term Program Engagement for Cambodia reports its progress in implementing its economic stabilization, reconstruction, and reform programs. Prior to the normalization of relations with the IMF, Cambodia faced waves of rapid inflation and exchange rate depreciation, reflecting the government’s recurrent resort to money creation to finance the fiscal deficit as external assistance withered. With monetary instability and negative real interest rates, financial intermediation levels and confidence remain low.

Keywords: ISCR; CR; government; Cambodia; fiscal policy; firm; revenue; financial support; program implementation capacity; policy strategy; renewed access; government contract concession; core area; Oustanding fund credit; civil service; fund staff estimate; government contract; Poverty reduction strategy; Poverty reduction and development; Poverty reduction; Southeast Asia (search for similar items in EconPapers)
Pages: 46
Date: 2004-10-22
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