Publication:
Clear Skies : Cambodia Economic Update, October 2014

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dc.contributor.authorWorld Bank Group
dc.date.accessioned2014-10-16T16:04:24Z
dc.date.available2014-10-16T16:04:24Z
dc.date.issued2014-10
dc.description.abstractThis issue of the Cambodia economic update covers the following selected issues: 1) making the most of the Cambodian rise sector; and 2) creating opportunities for firms as reflected in findings from the investment climate assessment. For FY2014 economic growth held up well despite domestic uncertainty and instability in neighboring countries. Real growth is estimated to reach 7.2 percent, driven by the garment, construction, and services sectors. Overall macroeconomic management has been good with fiscal consolidation underpinned by improved revenue administration. In 2015 with the expectation of renewed confidence and the return of political stability after ending a yearlong political deadlock in July 2014, bolstered by a strengthening global economy, Cambodia's real growth rate is expected to reach 7.5 percent, similar to that of 2013. The downside risks to the projected robust growth are a potential recurrence of labor unrest, natural disasters, especially the possibility of heavy floods, as well as regional political uncertainty. Concerning rice production, growth decelerated in 2013 highlighting the importance of revitalizing the rice sector so it becomes once again a key engine of GDP growth. While the milled-rice export market is steadily expanding and increasing the number of destination markets, the milling and transport costs of Cambodian rice make it loose the competitiveness it has at farm gate prices. The Royal Government of Cambodia (RGC) has set a very legitimate target of one million tons of milled rice exports that matters tremendously for poverty reduction and shared prosperity. Concerning the investment climate assessment findings, RGC's new five-year Rectangular Strategy III continues to prioritize improving the business environment to help diversify and increase value-added in production. The current period of robust growth represents an opportunity to make improvements to the business environment that will attract long-term investors. Proposed next steps in reforming the business environment include: a) addressing the high cost of electricity; b) automating government processes; c) encouraging new investment, particularly in special economic zones; d) continuing improvements to trade facilitation; e) completing the draft Competition Law; f) designing and implementing a system of incentives for business registration; and g) focusing on implementation and enforcement.en
dc.identifierhttp://documents.worldbank.org/curated/en/2014/10/20260732/clear-skies-cambodia-economic-update
dc.identifier.doi10.1596/20438
dc.identifier.urihttps://hdl.handle.net/10986/20438
dc.languageEnglish
dc.language.isoen_US
dc.publisherWashington, DC
dc.rightsCC BY 3.0 IGO
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectACCOUNTING
dc.subjectADVANCED ECONOMIES
dc.subjectAGRICULTURAL COMMODITIES
dc.subjectAGRICULTURAL COMMODITY
dc.subjectAGRICULTURAL PRACTICES
dc.subjectAGRICULTURAL PRODUCTION
dc.subjectAGRICULTURE
dc.subjectAUDITS
dc.subjectBANK FINANCING
dc.subjectBANKING SECTOR
dc.subjectBANKING SUPERVISION
dc.subjectBANKING SYSTEM
dc.subjectBENEFICIARIES
dc.subjectBORROWING COSTS
dc.subjectBROAD MONEY
dc.subjectBUSINESS CLIMATE
dc.subjectBUSINESS ENVIRONMENT
dc.subjectCAPITAL FORMATION
dc.subjectCAPITAL INFLOWS
dc.subjectCAPITAL INVESTMENT
dc.subjectCAPITAL STOCK
dc.subjectCENTRAL BANK
dc.subjectCODE OF CONDUCT
dc.subjectCOLLATERAL
dc.subjectCOMMODITY EXPORTS
dc.subjectCOMMODITY PRICES
dc.subjectCONSUMER PRICE INDEX
dc.subjectCONSUMERS
dc.subjectCONSUMPTION GOODS
dc.subjectCPI
dc.subjectCREDIT GROWTH
dc.subjectCURRENT ACCOUNT
dc.subjectCURRENT ACCOUNT BALANCE
dc.subjectCURRENT ACCOUNT DEFICIT
dc.subjectDEBT
dc.subjectDEBT BURDEN
dc.subjectDEBT SERVICE
dc.subjectDEBT SERVICE RATIO
dc.subjectDEBT SUSTAINABILITY
dc.subjectDEPOSIT
dc.subjectDEPOSIT RATE
dc.subjectDEPOSITS
dc.subjectDEVELOPED COUNTRIES
dc.subjectDEVELOPING COUNTRIES
dc.subjectDEVELOPING COUNTRY
dc.subjectDEVELOPMENT STRATEGY
dc.subjectDOMESTIC BANK
dc.subjectDOMESTIC CREDIT
dc.subjectE-COMMERCE
dc.subjectECONOMIC ACTIVITY
dc.subjectECONOMIC DEVELOPMENT
dc.subjectECONOMIC DEVELOPMENTS
dc.subjectECONOMIC EXPANSION
dc.subjectECONOMIC GROWTH
dc.subjectECONOMIC IMPACT
dc.subjectECONOMIC SECTORS
dc.subjectENVIRONMENTAL
dc.subjectENVIRONMENTS
dc.subjectEXCHANGE RATE
dc.subjectEXCHANGE RATE TARGETING
dc.subjectEXCHANGE RATES
dc.subjectEXPANSIONARY FISCAL POLICY
dc.subjectEXPENDITURE
dc.subjectEXPORT COMPETITIVENESS
dc.subjectEXPORT GROWTH
dc.subjectEXPORT MARKET
dc.subjectEXPORTER
dc.subjectEXPORTERS
dc.subjectEXPORTS
dc.subjectEXTERNAL DEBT
dc.subjectEXTERNAL FINANCING
dc.subjectFARMS
dc.subjectFEDERAL RESERVE
dc.subjectFEDERAL RESERVE SYSTEM
dc.subjectFINANCIAL CRISIS
dc.subjectFINANCIAL INSTITUTIONS
dc.subjectFINANCIAL MANAGEMENT
dc.subjectFINANCIAL SECTOR
dc.subjectFINANCIAL SECTOR DEVELOPMENT
dc.subjectFINANCIAL STABILITY
dc.subjectFISCAL BALANCE
dc.subjectFISCAL CONSOLIDATION
dc.subjectFISCAL DEFICIT
dc.subjectFISCAL POLICY
dc.subjectFISHERIES
dc.subjectFIXED ASSETS
dc.subjectFOOD PRICE
dc.subjectFOREIGN CURRENCY
dc.subjectFOREIGN DIRECT INVESTMENT
dc.subjectFOREIGN EXCHANGE
dc.subjectFOREIGN EXCHANGE RESERVES
dc.subjectFOREIGN INVESTMENT
dc.subjectFOREIGN INVESTORS
dc.subjectFOREIGN MARKETS
dc.subjectFOREIGN TRADE
dc.subjectFORESTRY
dc.subjectGDP
dc.subjectGLOBAL ECONOMY
dc.subjectGOVERNMENT EXPENDITURE
dc.subjectGOVERNMENT EXPENDITURES
dc.subjectGOVERNMENT REVENUES
dc.subjectGOVERNMENT SAVINGS
dc.subjectGOVERNMENT SPENDING
dc.subjectGROSS DOMESTIC PRODUCT
dc.subjectGROWTH RATE
dc.subjectGROWTH RATES
dc.subjectHOLDINGS
dc.subjectHUMAN DEVELOPMENT
dc.subjectIMPORTS
dc.subjectINCOME
dc.subjectINCOME TAX
dc.subjectINFLATION
dc.subjectINFLATIONARY PRESSURE
dc.subjectINSTRUMENT
dc.subjectINTEREST RATE
dc.subjectINTEREST RATE SPREAD
dc.subjectINTEREST RATES
dc.subjectINTERNATIONAL BEST PRACTICE
dc.subjectINTERNATIONAL FINANCIAL MARKETS
dc.subjectINTERNATIONAL MARKET
dc.subjectINTERNATIONAL RESERVES
dc.subjectINTERNATIONAL TRADE
dc.subjectINVESTMENT CLIMATE
dc.subjectINVESTMENT PROJECTS
dc.subjectINVESTOR CONFIDENCE
dc.subjectJOINT VENTURES
dc.subjectLABOR MARKET
dc.subjectLAND POLICY
dc.subjectLAND TITLE
dc.subjectLDCS
dc.subjectLENDER
dc.subjectLENDER OF LAST RESORT
dc.subjectLEVEL PLAYING FIELD
dc.subjectLOAN
dc.subjectLOCAL BUSINESS
dc.subjectLOCAL CURRENCY
dc.subjectLOCAL GOVERNMENT
dc.subjectLOCAL GOVERNMENTS
dc.subjectLONG-TERM INVESTORS
dc.subjectLOW-INCOME COUNTRIES
dc.subjectMACROECONOMIC ENVIRONMENT
dc.subjectMACROECONOMIC MANAGEMENT
dc.subjectMACROECONOMIC POLICY
dc.subjectMACROECONOMIC STABILITY
dc.subjectMACROECONOMIC UNCERTAINTY
dc.subjectMACROECONOMICS
dc.subjectMAJOR CURRENCIES
dc.subjectMARKET STABILITY
dc.subjectMICROENTERPRISES
dc.subjectMIDDLE-INCOME COUNTRIES
dc.subjectMONETARY AGGREGATES
dc.subjectMONETARY AUTHORITIES
dc.subjectMONETARY POLICY
dc.subjectMONEY GROWTH
dc.subjectNATIONAL BANK
dc.subjectNATIONAL CURRENCY
dc.subjectNATURAL DISASTERS
dc.subjectNEW MARKETS
dc.subjectOIL
dc.subjectOPEN MARKET
dc.subjectOUTPUT
dc.subjectOUTSTANDING CREDIT
dc.subjectPOLICY ENVIRONMENT
dc.subjectPOLITICAL STABILITY
dc.subjectPOLITICAL TURMOIL
dc.subjectPOLITICAL UNCERTAINTY
dc.subjectPORTFOLIO
dc.subjectPOST-CRISIS PERIOD
dc.subjectPOVERTY REDUCTION
dc.subjectPRICE RISKS
dc.subjectPRICE STABILITY
dc.subjectPRICE VOLATILITY
dc.subjectPRIMARY MARKET
dc.subjectPRODUCERS
dc.subjectPRODUCTION FUNCTION
dc.subjectPRODUCTION INCREASES
dc.subjectPRODUCTIVITY
dc.subjectPUBLIC INVESTMENT
dc.subjectPUBLIC INVESTMENTS
dc.subjectPUBLIC SPENDING
dc.subjectREAL EFFECTIVE EXCHANGE RATE
dc.subjectREAL ESTATE
dc.subjectREAL GDP
dc.subjectREAL GROWTH RATE
dc.subjectREFORM PROGRAM
dc.subjectREGULATORY ENVIRONMENT
dc.subjectREGULATORY FRAMEWORK
dc.subjectREMOTE AREAS
dc.subjectRESERVES
dc.subjectRESOURCE ALLOCATION
dc.subjectRETURN
dc.subjectRETURNS
dc.subjectSECURITIES
dc.subjectSHORT-TERM BORROWING
dc.subjectSHORT-TERM DEBT
dc.subjectSHORT-TERM INTEREST RATE
dc.subjectSOCIAL DEVELOPMENT
dc.subjectSPECULATIVE BUBBLES
dc.subjectSUSTAINABILITY ANALYSIS
dc.subjectTAX
dc.subjectTAX COLLECTION
dc.subjectTAX INCENTIVES
dc.subjectTAX REVENUE
dc.subjectTECHNOLOGICAL CHANGE
dc.subjectTECHNOLOGY TRANSFERS
dc.subjectTRADE BALANCE
dc.subjectTRADE DEFICIT
dc.subjectTRADE TAXES
dc.subjectTRADING
dc.subjectTRADING PARTNERS
dc.subjectTREASURY
dc.subjectTREASURY SECURITIES
dc.subjectURBANIZATION
dc.subjectVALUE ADDED
dc.subjectWAGES
dc.subjectWHOLESALE PRICES
dc.subjectWORKING CAPITAL
dc.subjectWORLD DEVELOPMENT INDICATORS
dc.titleClear Skies : Cambodia Economic Update, October 2014en
dspace.entity.typePublication
okr.crosscuttingsolutionareaPublic-Private Partnerships
okr.date.disclosure2014-10-06
okr.date.doiregistration2025-05-07T12:27:35.992007Z
okr.doctypeEconomic & Sector Work::Economic Updates and Modeling
okr.doctypeEconomic & Sector Work
okr.docurlhttp://documents.worldbank.org/curated/en/2014/10/20260732/clear-skies-cambodia-economic-update
okr.globalpracticeMacroeconomics and Fiscal Management
okr.globalpracticeFinance and Markets
okr.globalpracticeEnvironment and Natural Resources
okr.globalpracticeTrade and Competitiveness
okr.guid964851468020720928
okr.guid584591468015002158
okr.identifier.externaldocumentum000456286_20141002123244
okr.identifier.internaldocumentum20260732
okr.identifier.report91023
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2014/10/02/000456286_20141002123244/Rendered/PDF/910230WP0Cambo0GO0100609am0KH0Time0.pdfen
okr.region.administrativeEast Asia and Pacific
okr.region.countryCambodia
okr.topicEnvironmental Economics and Policies
okr.topicFinance and Financial Sector Development::Currencies and Exchange Rates
okr.topicEconomic Theory and Research
okr.topicPrivate Sector Development::Emerging Markets
okr.topicFinance and Financial Sector Development::Debt Markets
okr.topicMacroeconomics and Economic Growth
okr.topicEnvironment
okr.unitEAPEC - External Communications (EAPEC)
okr.volume1 of 1
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