Cambodia: Staff Report for the 2004 Article IV Consultation
Volume/Issue:
Volume 2004
Issue 328
Publication date: October 2004
ISBN: 9781451821741
$20.00
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Topics covered in this book
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Banks and Banking , Exports and Imports , Public Finance , Public Policy - Social Services and Welfare , Poverty and Homelessness , Agribusiness , ISCR , CR , IMF executive board reviews progress report , government , Cambodia's NPRS , , reform agenda , poverty reduction strategy paper , Cambodia's NPRS , NPRS target , Poverty reduction strategy , East Asia , Asia and Pacific
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Summary
Cambodia’s 2004 Article IV Consultation reports that the macroeconomic performance has been generally good, reflecting both favorable external developments and prudent fiscal policy. Exports soared following a bilateral trade agreement with the United States, and large aid inflows helped finance domestic investment and spurred construction activities. Prudent fiscal policy has been the key to ensuring price stability. Overall GDP growth has been robust mainly because of a strong rebound in agricultural production.
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