Cambodia: Staff Report for the 2002 Article IV Consultation and Sixth Review Under the Poverty Reduction and Growth Facility
Volume/Issue:
Volume 2003
Issue 058
Publication date: March 2003
ISBN: 9781451821680
$20.00
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Topics covered in this book
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Business and Economics , Political Science , Banks and Banking , Exports and Imports , Labor , Public Finance , Public Policy - Social Services and Welfare , Agribusiness , ISCR , CR , authority , PRGF program , government , debt , strategy , government capacity , government institution , banking sector reform , government contract , Agroindustries , Civil service reform , Exports , Global
Summary
This paper examines Cambodia’s 2002 Article IV Consultation and Sixth Review Under the Poverty Reduction and Growth Facility (PRGF). Supported by inflows of development aid, economic activity regained vitality in 1999. The government’s macroeconomic strategy, which was supported by a PRGF arrangement, yielded positive results. Economic performance in 2002 was broadly satisfactory. Real GDP is estimated to have slowed to 4½ percent owing to adverse weather conditions. All end-September quantitative performance criteria and the structural performance criterion for end-October were observed. Progress in structural reforms has been broadly satisfactory, albeit with some delays.
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