By January 8, 2013
Public Information Notices (PINs) form part of the IMF's efforts to promote transparency of the IMF's views and analysis of economic developments and policies. With the consent of the country (or countries) concerned, PINs are issued after Executive Board discussions of Article IV consultations with member countries, of its surveillance of developments at the regional level, of post-program monitoring, and of ex post assessments of member countries with longer-term program engagements. PINs are also issued after Executive Board discussions of general policy matters, unless otherwise decided by the Executive Board in a particular case. Thestaff report(use the freeAdobe Acrobat Readerto view this pdf file) for the 2012 Article IV Consultation with Cambodia is also available. |
On December 3, 2012, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Cambodia.
Background
Despite the global slowdown, Cambodia's economy has been holding up, driven by resilient exports and tourism, and a strong real estate recovery. Although moderating, exports continued to grow at double digit during the first three quarters of the year, in part thanks to improved access of garments exports to the European Union. Tourism has been particularly robust benefitting from new flight routes and construction activity is picking up owing to the real estate rebound. Real GDP growth is projected at 6½ percent in 2012, a slight moderation from last year. Headline inflation has decelerated and is expected to average 3-4 percent in 2012
