Cambodia : Staff Report for the 2011 Article IV Consultation

This 2011 Article IV Consultation reports that Cambodia's high degree of dollarization and largely reduced fiscal space constrain the authorities' ability to cushion shocks. Macroeconomic stability hinges on prudent fiscal policies. The mission cautioned that fiscal space is limited and th...

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Corporate Author: International Monetary Fund
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2012, 2012
Series:IMF Staff Country Reports; Country Report
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
Summary:This 2011 Article IV Consultation reports that Cambodia's high degree of dollarization and largely reduced fiscal space constrain the authorities' ability to cushion shocks. Macroeconomic stability hinges on prudent fiscal policies. The mission cautioned that fiscal space is limited and that greater consolidation efforts are needed to strengthen revenue administration and prioritize spending. The outlook for external debt sustainability has improved on Cambodia's prudent track record, but potentially large contingent liabilities from public-private power sector projects need to be carefully managed
Physical Description:67 p.
ISBN:1463939086
9781463939083