IMF Staff Completes 2023 Article IV Mission to Cambodia
October 31, 2023
End-of-Mission press releases include statements of IMF staff teams that convey preliminary findings after a visit to a country. The views expressed in this statement are those of the IMF staff and do not necessarily represent the views of the IMF’s Executive Board. Based on the preliminary findings of this mission, staff will prepare a report that, subject to management approval, will be presented to the IMF’s Executive Board for discussion and decision.
- The Cambodian economy continues to recover from the pandemic with growth projected at 5.3 percent in 2023. Risks to the outlook stem from external challenges and weakness in parts of the real estate sector.
- Fiscal policy is appropriately expansionary this year and the deficit should start to decline in 2024. Despite a small projected increase in public debt to GDP over the medium term, risks of debt distress remain low.
- Monetary…
