Cover IMF Staff Country Reports
Cambodia: 2021 Article IV Consultation-Press Release; and Staff Report
Author:
International Monetary Fund. Asia and Pacific Dept
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2021: Issue 260
Language:
English
Publication Date:
09 Dec 2021
DOI:
https://doi.org/10.5089/9781616355944.002
ISBN:
9781616355944
ISSN:
1934-7685
Pages:
89
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
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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.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund
Volume 2021: Issue 260