IMF Executive Board Concludes 2019 Article IV Consultation with Cambodia

On December 6, 2019, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Cambodia.

Growth accelerated to 7½ percent in 2018. Economic activity remains robust this year with real GDP growth expected at around 7 percent, owing to continued export growth and strong construction activity, while inflation remains stable at around 2.5 percent.

The current account deficit widened to about 12 percent of GDP in 2018 and is expected to widen further this year. Robust Foreign Direct Investment inflows, as well as an increase in other short-term inflows, have nevertheless contributed to an accumulation of gross international reserves to about 7 months of prospective imports in August 2019.

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