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Cambodia
Rebuilding for a Challenging Future
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Abstract

Cambodia's reconstruction and reform efforts have spanned almost 25 years following the Khmer Rouge period, which ended in 1979. Economic reforms began in earnest in the early 1990s, but reform efforts were beset by ongoing internal tensions and civil unrest. Although external factors, including sizable aid inflows and a trade agreement with the United States, helped boost growth in the past decade, the country remains one of the poorest in the region. The current coalition government has announced a strategy aimed at revitalizing economic reforms, and in 2004 Cambodia formally joined the World Trade Organization. But elimination of the garment quota system under the Agreement on Textiles and Clothing is exposing an underlying deterioration in competitiveness, which, coupled with slow growth in the agriculture sector and other structural obstacles to private sector growth, has resulted in a medium-term outlook that remains uncertain.

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Author:
Mr. Sumio Ishikawa
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Ms. Sibel Beadle
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Mr. Damien Eastman
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Ms. Srobona Mitra
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Mr. Alejandro Lopez Mejia
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Ms. Wafa F Abdelati
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Mr. Koji Nakamura
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Mr. Il Houng Lee
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Ms. Sònia Muñoz https://isni.org/isni/0000000404811396 International Monetary Fund

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Mr. Robert P. Hagemann
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Mr. David T. Coe
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Ms. Nadia Rendak
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Series:
IMF Special Issues
Publisher:
International Monetary Fund
Language:
English
Publication Date:
23 Feb 2006
DOI:
https://doi.org/10.5089/9781589064447.058
ISBN:
9781589064447
Pages:
118
Keywords:
ISI; SI; government; FDI inflow; judicial system; CPI inflation; garment export; growth performance; Legal support in revenue administration; Currencies; Exports; Exchange rates; Asia and Pacific; Southeast Asia; Sub-Saharan Africa; Middle East; Global; A. dollarization trend; inequality poverty decomposition; Aid flows
Legal-disclaimer:
This publication should not be reported as representing the views or policies of the International Monetary Fund. The views expressed in this work are those of the authors and do not necessarily represent those of the IMF, its Executive Board, or its management.
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