Cambodia: Fifth Review Under the Poverty Reduction and Growth Facility and Request for Waiver of a Performance Criterion

Author: International Monetary Fund

This paper assesses Cambodia's Fifth Review Under the Poverty Reduction and Growth Facility (PRGF) and a Request for Waiver of a Performance Criterion. Cambodia's medium-term reform program supported by the PRGF is aimed at sustaining economic growth with low inflation, reducing poverty, and accelerating development. Performance during the first two years of the PRGF-supported program has generally been positive. Macroeconomic stability has been maintained with economic growth averaging 7 percent and low inflation. The macroeconomic program for 2002 concentrates on a continued reorientation of fiscal policy.

Volume/Issue: Volume 2002 Issue 156

Publication date: August 2002

ISBN: 9781451821765

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Business and Economics , Political Science , Banks and Banking , Labor , Public Finance , Public Policy - Social Services and Welfare , Agribusiness , ISCR , CR , government , PRGF loan , reform effort , reform , trade reform , PRGF-supported program , government of Cambodia , state department , Poverty reduction strategy , Civil service reform , Poverty reduction , Budget planning and preparation , Global

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Summary

This paper assesses Cambodia’s Fifth Review Under the Poverty Reduction and Growth Facility (PRGF) and a Request for Waiver of a Performance Criterion. Cambodia’s medium-term reform program supported by the PRGF is aimed at sustaining economic growth with low inflation, reducing poverty, and accelerating development. Performance during the first two years of the PRGF-supported program has generally been positive. Macroeconomic stability has been maintained with economic growth averaging 7 percent and low inflation. The macroeconomic program for 2002 concentrates on a continued reorientation of fiscal policy.