Statement by Mr. Marzunisham Omar, Executive Director; Ms. Pornvipa Tangcharoenmonkong, Alternate Executive Director; and Mr. Suasdey Chea, Advisor to the Executive Director on Cambodia

International Monetary Fund. Asia and Pacific Dept

doi:10.5089/9781513520254.002.A005

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Cambodia : 2015 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Cambodia

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Volume/Issue:: 2015/307
Series:: IMF Staff Country Reports
Author(s):: International Monetary Fund. Asia and Pacific Dept
Publisher:: INTERNATIONAL MONETARY FUND
Published Date:: November 2015
DOI:: http://dx.doi.org/10.5089/9781513520254.002
ISBN:: 9781513520254
ISSN:: 1934-7685
Page:: 69

This 2015 Article IV Consultation highlights that economic activity in Cambodia remained strong with a growth rate at 7 percent in 2014, notwithstanding appreciation of the real effective exchange rate following U.S. dollar strengthening and growing competition from other low-cost garment producers. Inflation fell in 2014 and through 2015, owing to strong external disinflationary pressures from lower food and oil prices. The short-term outlook remains broadly favorable. Growth is projected to remain robust at 7 percent in 2015, while inflation is projected to rise gradually to about 2 percent by end-2015. The fiscal deficit is projected to rise modestly to 2 percent in 2015 as a result of strong measures to improve revenue administration.

Cambodia - 2015 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Cambodia

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Statement by Mr. Marzunisham Omar, Executive Director; Ms. Pornvipa Tangcharoenmonkong, Alternate Executive Director; and Mr. Suasdey Chea, Advisor to the Executive Director on Cambodia

Author(s):: International Monetary Fund. Asia and Pacific Dept
Published Date:: November 2015

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Cambodia : 2015 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Cambodia

Statement by Mr. Marzunisham Omar, Executive Director; Ms. Pornvipa Tangcharoenmonkong, Alternate Executive Director; and Mr. Suasdey Chea, Advisor to the Executive Director on Cambodia

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