News
IMF trains Cambodian customs officers in investigation techniques
The International Monetary Fund (IMF) has provided investigation training for officers of the General Department of Customs and Excise (GDCE) of the Ministry of Economy and Finance. ...
Khmer Times Staff
https://www.khmertimeskh.com/501520510/imf-trains-cambodian-customs-officers-in-investigation-techniques/
Cambodia, the fastest growing economies in Southeast Asia, and third in Asia in 2024
Cambodia leads the growth projection in Southeast Asia in 2024, according to Seasia Stats based on Southeast Asia’s 2024 GDP growth projection from the IMF’s October 2023 Outlook and January 2024 update. ...
Khmer Times Staff
https://www.khmertimeskh.com/501468871/cambodia-the-fastest-growing-economies-in-southeast-asia-and-third-in-asia-in-2024/
IMF forecasts Cambodia GDP at 6%, but warns of weak US, China growth
Following the pandemic, economic growth has been steady, the International Monetary Fund (IMF) said, with expansion projected at six percent in 2024, from an estimated 5.3 percent last year, thanks to tourism and non-garment exports. ...
Sangeetha Amarthalingam
https://kiripost.com/stories/imf-forecasts-cambodia-gdp-at-6-but-warns-of-weak-us-china-growth
Cambodia seeks 1.7 billion SDR loan for development projects
Cambodia has unveiled ambitious plans to secure a loan of 1.7 billion in Special Drawing Rights (SDR), or $2.3 billion, in 2024 for the development of key sectors. ...
Thang Sinorn
https://kiripost.com/stories/cambodia-seeks-17-billion-sdr-loan-for-development-projects
IMF predicts continued recovery for Cambodian economy
An International Monetary Fund (IMF) team led by Davide Furceri, assessed Cambodia’s economy and predicted growth in the coming years. The IMF report reveals that the country’s economy is steadily recovering from the impacts of the COVID-19 pandemic, although it still faces challenges from both ...
Khmer Times Staff
https://www.khmertimeskh.com/501385872/imf-predicts-continued-recovery-for-cambodian-economy/
IMF reviews Cambodia’s economy
Cambodia’s economic growth is predicted to expand by 5.3 percent in 2023 and six percent in 2024, according to the International Monetary Fund (IMF) after concluding a mission in the country. ...
Meas Molika
https://kiripost.com/stories/imf-reviews-cambodia-economy
Tax revenue ‘exceeds’ expectations
The government has amassed over $3 billion in revenue from the General Department of Taxation (GDT) as of October 30, which represents 85.7% of the 2023 Law on Financial Management despite the deteriorating global economic landscape affecting the region. ...
May Kunmakara
https://www.phnompenhpost.com/business/tax-revenue-exceeds-expectations
IMF lauds Cambodia’s fiscal vigor, anti-laundering efforts
The International Monetary Fund’s (IMF) Article IV Consultation team has recognised Cambodia for its robust actions against money laundering and terrorism financing. ...
Post Staff
https://www.phnompenhpost.com/national/imf-lauds-cambodias-fiscal-vigor-anti-laundering-efforts
Tax revenue falls in first 8 months of ‘23: ministry
In the first eight months of 2023, the government reported revenue of almost $4.2 billion, representing nearly 66% of the target set for 2023 by the annual budget law. This performance marks a decline of over 2% compared to the same period last year, as ...
Hin Pisei
https://www.phnompenhpost.com/business/tax-revenue-falls-first-8-months-23-ministry
IMF urge cooperation for recovery
International Monetary Fund (IMF) managing director Kristalina Georgieva urged ASEAN leaders to invest in international cooperation as well as growth-enhancing reforms to fully recover and continue on the pre-pandemic path to prosperity amid a global economic slowdown. ...
May Kunmakara
https://phnompenhpost.com/business/imf-urge-cooperation-recovery
IMF, ECB, global banks laud Chea Serey as NBC chief
A multitude of international financial institutions and central banks have congratulated and expressed confidence over Chea Serey’s appointment as governor of the National Bank of Cambodia (NBC), acknowledging her expertise and qualification to develop the Kingdom’s banking sector. ...
May Kunmakara
https://www.phnompenhpost.com/business/imf-ecb-global-banks-laud-chea-serey-nbc-chief
Debt ratio below most ASEAN states: IMF
Cambodia’s general government gross debt (GGGD) is projected to reach 37.5 per cent of GDP (gross domestic product) in 2023 – up from 36.5 per cent in 2022 – which, although marking the highest rate since 42.7 per cent in 2004, is lower than that ...
May Kunmakara
https://www.phnompenhpost.com/business/debt-ratio-below-most-asean-states-imf
IMF cuts world growth outlook as ‘debt stress’ rises: researcher
Low-income countries and emerging economies – including Cambodia – are facing heightened sovereign debt distress amid a rise in interest rates in advanced economies, according to International Monetary Fund (IMF) economic counsellor and director of research Pierre-Olivier Gourinchas. ...
May Kunmakara
https://www.phnompenhpost.com/business/imf-cuts-world-growth-outlook-debt-stress-rises-researcher
IMF cuts world growth outlook as ‘debt stress’ rises: researcher
Low-income countries and emerging economies – including Cambodia – are facing heightened sovereign debt distress amid a rise in interest rates in advanced economies, according to International Monetary Fund (IMF) economic counsellor and director of research Pierre-Olivier Gourinchas. ...
May Kunmakara
https://www.phnompenhpost.com/business/imf-cuts-world-growth-outlook-debt-stress-rises-researcher
PM Hun Sen re-appeals to people not to panic over international banking institutions’ warning
Prime Minister Hun Sen has once again called on the people not to panic over the recent warning of the International Monetary Fund (IMF) and the World Bank over the risks of a global recession. ...
Khmer Times Staff
https://www.khmertimeskh.com/501265570/pm-hun-sen-re-appeals-to-people-not-to-panic-over-international-banking-institutions-warning/
ASEAN a bright spot in gloomy global outlook, says IMF chief
The region and the globe remain in the grip of a slew of intractable crises on top of the persistent effects of Covid-19, posing precarious economic headwinds and dampening growth prospects for the coming years. ...
May Kunmakara
https://www.phnompenhpost.com/business/asean-bright-spot-gloomy-global-outlook-says-imf-chief
IMF, ADB peg 2022 GDP growth at 5%
Two major multilateral lenders have forecast Cambodia’s economic growth for 2022 at around five per cent, buoyed by bumper export performance earlier in the year, coupled with ongoing policy support and continued tourism recovery, but held back by external pressures associated with Covid-19 and the ...
May Kunmakara
https://www.phnompenhpost.com/business/imf-adb-peg-2022-gdp-growth-5
Inflation to peak this year before showing signs of decline
The International Monetary fund has predicted inflation in Cambodia will peak this year due to global pressures, weakened export orders, and a slowing real estate market, before falling from 2023 onwards. ...
Prak Chan Thul
https://kiripost.com/stories/inflation-to-peak-this-year-before-showing-signs-of-decline
Cambodia’s New Investment Law does not discriminate between domestic and foreign investors
An International Monetary Fund (IMF) team led by Alasdair Scott said “The Cambodian economy has been recovering, but faces new challenges. ...
Khmer Times Staff
https://www.khmertimeskh.com/501155851/cambodias-new-investment-law-does-not-discriminate-between-domestic-and-foreign-investors/
Cambodian debt stands at $9.81b
In the last three months, Cambodia paid $183 million in foreign debt, with total debt standing at $9.81 billion. However, authorities remain unconcerned, claiming funds are being funneled into investment and development. ...
Seng Mengheng and Chhorn Raksmey
https://kiripost.com/stories/cambodian-debt-stands-at-981b
Cambodia’s economy to grow 5.1% in 2022
Cambodian economy will grow at 5.1 percent this year and 6.2 percent in 2023, according to the Ministry of Economy and Finance. ...
Sok Sithika
https://www.khmertimeskh.com/501077937/cambodias-economy-to-grow-5-1-in-2022/
Economy will grow 2.2% before recovery, says IMF
The International Monetary Fund says Cambodia’s gross domestic product (GDP) will grow 2.2 percent this year, down from a previous forecast of 4.2 percent annual growth. GDP was minus 3.1 percent last year after average annual growth of 7 percent in previous years. ...
Michael Firn
https://www.khmertimeskh.com/50944430/economy-will-grow-2-2-before-recovery-says-imf/
Record-low oil prices to to continue
A grim report on the world economy by the International Monetary Fund (IMF) yesterday caused oil prices to continue to slide, with international prices hitting the lowest level since 2002 as planned output cuts were deemed insufficient to offset a COVID-19-fuelled slump in demand. ...
Harrison White
https://www.khmertimeskh.com/50713728/record-low-oil-prices-to-to-continue/
Economy to contract for the first time since conflict ended
The International Monetary Fund (IMF) has predicted Cambodia’s 2020 Gross Domestic Product will contract by -1.7 percent this year in line with a global contraction of -3.0 percent. The reduction in GDP represents an economic downturn the world has not seen since the Great Depression, ...
Harrison White
https://www.khmertimeskh.com/50713591/economy-to-contract-for-the-first-time-since-conflict-ended/