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. ...
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 ...
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
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
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
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. ...
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. ...
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. ...
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, ...
Economy to grow by 7 percent in 2018: IMF
According to the latest forecast from the International Monetary Fund (IMF), Cambodia economy will grow by 7 percent this year on the back of higher public spending and steady growth in construction and tourism. The IMF’s forecast is slightly higher than the figure released by the ...
Economy to grow at 6.9 percent in 2018, NBC
The economy will grow by 6.9 percent this year, according to projections from the National Bank of Cambodia (NBC), spurred by the robust performance of the tourism, construction and garment sectors. ...
IMF predicts slowdown on horizon for growth figures
Cambodia’s economic growth will remain on course this year but will likely slow in the coming years to 6 percent as investment tapers off and credit growth tightens, according to an updated note by the International Monetary Fund (IMF) released on Friday. ...
Rein in credit, warns IMF
In light of global predictions of a slowdown in economic markets, led largely by China’s slackening growth, the International Monetary Fund (IMF) yesterday offered Cambodia advice on short and longer term measures to help maintain growth. It also warned that the country’s rapid credit growth ...
National debt hits $5.7B, but deemed manageable
Cambodia’s national debt stood at $5.7 billion as of the end of June, totalling about a third of GDP, according to a report on the national budget submitted to the National Assembly yesterday. ...
Cam McGrath and Sorn Sarath
ADB: GDP to grow 7.1% in 2017
The latest report from the Asian Development Bank (ADB) describes Cambodia’s economic situation in 2016 as “broadly as expected,” as it predicts a slight increase in economic growth of 0.1 percent, to 7.1 percent. Released yesterday, the update to its annual “Asian Development Outlook” for 2016 ...
IMF: Cambodia should improve
The International Monetary Fund (IMF) said yesterday that Cambodia should improve its business climate and enhance competitiveness by upgrading infrastructure, improving the quality of labor, and strengthening governance as China changes its trade pattern by moving up the value chain. ...
IMF sees rapid credit growth as main risk to economy
Cambodia’s economy continues to perform strongly, but rapid credit growth must be contained to reduce the risk of economic and financial instability, and to ensure a “soft landing” of the credit cycle, the International Monetary Fund (IMF) said in a statement issued yesterday at the ...
Cambodia’s economy lost $4b in illegal outflows in 2013
Cambodia’s economy lost more than $4 billion to illicit financial outflows in 2013, more than a quarter of its gross domestic product that year, according to a report released on Wednesday by the Washington-based think tank Global Financial Integrity.Based on trade data reported to the ...
Cambodia at low risk of debt distress: IMF
Cambodia’s external public debt is well within acceptable limits, but remains vulnerable to financial shocks such as export slowdowns or exchange rate fluctuations, the International Monetary Fund (IMF) said in its latest assessment of the Kingdom’s economy. ...
Cam McGrath and Sor Chandara
Credit growth poses economic risk, IMF warns
Rapid credit growth – increasingly financed by bank flows from abroad – poses significant risk to Cambodia’s economy and requires prudential policies to cool lending and reduce exposure, the International Monetary Fund (IMF) warned in a report released yesterday. It said while Cambodia’s short-term economic ...