Cambodia Economic Update, April 2014 : Coping with Domestic Pressures and Gaining from a Strengthened Global Economy

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collection.link.85
https://openknowledge.worldbank.org/handle/10986/2193
collection.name.85
Economic Updates and Modeling
dc.contributor.author
World Bank
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dc.date.accessioned
2014-04-15T17:51:52Z
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dc.date.available
2014-04-15T17:51:52Z
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dc.date.issued
2014-04-02
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dc.description.abstract
Cambodia's economy has withstood domestic pressures and managed to sustain its high growth driven by its usual engines of growth. The external sector improved as a result of slower imports due to dampened domestic demand. The post-election adverse effects slowed down the demand for imports, while export growth advanced. Inflation rose to 4.7 percent year-on-year at the end of 2013, up from 2.5 percent at the end of 2012. Inflation is projected to remain in mid-single-digits over the short term. Financial deepening continues but the gap between credit and deposit growth rates has widened, reducing bank liquidity. Government revenue growth has moderated, resulting in an increase in the fiscal deficit. The latest joint World Bank and International Monetary Fund (IMF) debt-sustainability analysis (DSA) conducted in 2013 shows that Cambodia's debt-distress rating remains low, with all debt-burden indicators projected to be below respective thresholds. The prospects for sustaining high growth appear favorable, and real growth for 2014 is projected to reach 7.2 percent, given expectations of renewed confidence and political stability, underpinned by the strengthening of the economic recovery in developed economies. Appropriately managing domestic pressures in order to gain from the improved global economic environment will help maintain macroeconomic stability. Enhancing regional integration will also enable Cambodia to benefit more from the growth dynamics throughout the Association of Southeast Asian Nations (ASEAN) region. While Cambodia does have some fiscal space to increase wages, a cautious and careful approach to pay raise may work best.
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dc.identifier.uri
http://hdl.handle.net/10986/17784
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dc.language
English
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dc.language.iso
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dc.publisher
Phnom Penh
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dc.rights
CC BY 3.0 IGO
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dc.rights.uri
http://creativecommons.org/licenses/by/3.0/igo/
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dc.subject
ADVERSE EFFECTS
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dc.subject
ANNUAL BUDGETS
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dc.subject
ARREARS
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BANK LIQUIDITY
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BANKING SYSTEM
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dc.subject
BILL
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dc.subject
BROAD MONEY
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BUDGET ALLOCATIONS
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BUDGET CLASSIFICATION
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BUDGET DATA
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BUDGET DOES
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CAPITAL EXPENDITURE
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CAPITAL FLOWS
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CAPITAL SPENDING
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CAPITAL STOCK
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CENTRAL BANK
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CENTRAL BANKS
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dc.subject
CIVIL SERVANTS
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CIVIL SERVICE
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CIVIL SERVICE REFORM
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CIVIL SOCIETY ORGANIZATIONS
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COMPETITIVENESS
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dc.subject
CONSOLIDATION
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CONSUMER PRICE INDEX
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dc.subject
CONTINGENT LIABILITY
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CONTROL SYSTEMS
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CREDIT GROWTH
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CURRENT ACCOUNT
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CURRENT ACCOUNT BALANCE
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CURRENT ACCOUNT DEFICIT
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CURRENT ACCOUNT DEFICITS
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dc.subject
DEBT
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DEBT BURDEN
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DEBT MANAGEMENT
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DEBT SERVICE
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DEBT SUSTAINABILITY
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DEFICITS
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DEPOSIT
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DEPOSIT MONEY BANK
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dc.subject
DEPOSIT MONEY BANKS
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dc.subject
DEPOSITS
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DEPRECIATION
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DEVELOPING COUNTRIES
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DOLLAR EXCHANGE RATE
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DOMESTIC CREDIT
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DOMESTIC DEMAND
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DOMESTIC REVENUE
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ECONOMIC DEVELOPMENTS
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ECONOMIC ENVIRONMENT
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dc.subject
ECONOMIC GROWTH
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ECONOMIC RECOVERY
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dc.subject
ECONOMIC SLOWDOWN
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EQUIPMENT
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EXCHANGE RATE
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EXCHANGE RATE TARGETING
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EXCHANGE RATES
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EXPENDITURE
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EXPENDITURES
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EXPORT GROWTH
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EXPORT MARKETS
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EXPORTER
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EXTERNAL DEBT
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EXTERNAL FUNDING
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EXTERNAL POSITION
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FIDUCIARY ASSESSMENT
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FINANCIAL ACCOUNT
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FINANCIAL CONDITIONS
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FINANCIAL CRISIS
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FINANCIAL INTERMEDIATION
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FINANCIAL MANAGEMENT
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FINANCIAL MARKETS
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FINANCIAL POSITION
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FINANCIAL SECTOR
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FINANCIAL SECTOR DEVELOPMENT
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FINANCIAL SECTORS
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FINANCIAL SYSTEM
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FISCAL AFFORDABILITY
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FISCAL CONSOLIDATION
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FISCAL DEFICIT
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FISCAL POLICY
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FISCAL REPORTING
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FISCAL SHOCKS
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FIXED ASSET
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FOOD PRICES
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FOREIGN ASSETS
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FOREIGN CURRENCY
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FOREIGN DIRECT INVESTMENT
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FOREIGN EXCHANGE
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FOREIGN EXCHANGE RESERVES
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FOREIGN TRADE
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GLOBAL ECONOMY
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GLOBAL TRADE
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GOLD
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GOVERNMENT DEPOSITS
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GOVERNMENT EXPENDITURE
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GOVERNMENT EXPENDITURES
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GOVERNMENT REVENUE
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GOVERNMENT REVENUES
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GOVERNMENT SAVINGS
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GROWTH RATE
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GROWTH RATES
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HIGH-INCOME COUNTRIES
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HOLDINGS
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HUMAN RESOURCE
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IMPORT
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IMPORT GROWTH
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IMPORTS
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INFLATION
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INFLATION RATES
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INFLATIONARY PRESSURE
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INTERNAL CONTROL
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INTERNAL CONTROL SYSTEMS
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INTERNATIONAL RESERVES
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INVESTMENT PROJECTS
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LABOR MARKET
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LENDER
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LENDER OF LAST RESORT
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LIABILITY MANAGEMENT
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LOAN
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LOCAL CURRENCIES
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LOCAL CURRENCY
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LONG-TERM INTEREST
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LONG-TERM INTEREST RATES
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LOW-INCOME COUNTRIES
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LOW-INCOME COUNTRY
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MACROECONOMIC MANAGEMENT
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MACROECONOMIC POLICY
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MACROECONOMIC STABILITY
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MAJOR CURRENCIES
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MARKET INSTABILITY
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MICROFINANCE
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MICROFINANCE INSTITUTIONS
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MINISTRY OF ECONOMY
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MINISTRY OF FINANCE
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MONETARY POLICY
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MONETARY SECTOR
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MONEY GROWTH
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MORTGAGE
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MORTGAGE-BACKED SECURITIES
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MULTINATIONAL COMPANIES
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NATIONAL AUDIT
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NATIONAL BANK
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NOMINAL EXCHANGE RATE
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OIL PRICES
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OTHER CURRENCIES
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PEG
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PERFORMANCE MANAGEMENT
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PETROLEUM PRICES
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POLITICAL STABILITY
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POLITICAL UNCERTAINTY
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POST-CRISIS PERIOD
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POVERTY REDUCTION
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PRIVATE SECTOR
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PROVINCIAL EXPENDITURES
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PROVINCIAL LEVEL
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PRUDENTIAL REGULATIONS
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PUBLIC EXPENDITURE
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PUBLIC EXPENDITURE REVIEW
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PUBLIC FINANCIAL MANAGEMENT
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PUBLIC INVESTMENT
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PUBLIC SECTOR
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PUBLIC SERVICE
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PUBLIC SERVICE DELIVERY
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PUBLIC SERVICES
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PUBLIC SPENDING
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PUBLIC WORKS
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REAL EFFECTIVE EXCHANGE RATE
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REAL ESTATE INVESTMENT
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REAL ESTATE INVESTMENTS
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REAL EXCHANGE RATE
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REAL GROWTH
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REFORM PROGRAM
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REGIONAL INFLATION
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REGULATORY FRAMEWORK
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REMUNERATION
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RESERVES
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RESOURCE MANAGEMENT
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RETURN
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REVENUE GROWTH
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REVENUE TARGET
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SECTORAL ALLOCATION
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SECTORAL ALLOCATIONS
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SECTORAL BREAKDOWN
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SERVICE FACILITIES
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SHORT-TERM DEBT
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SHORT-TERM INTEREST RATE
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STRUCTURAL REFORMS
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SURPLUSES
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SUSTAINABILITY ANALYSIS
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TAX
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TAX ADMINISTRATION
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TAX BASE
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TAX COLLECTION
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TAX REVENUE
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TAX REVENUES
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TOTAL CREDIT
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TOTAL EXPORT
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TOTAL IMPORT
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TOTAL IMPORTS
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TOTAL INVESTMENTS
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TRADE BALANCE
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TRADE DEFICIT
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TRADE DEFICITS
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TRADE FACILITATION
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TRADE SURPLUS
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TRADING
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TRADING PARTNERS
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TRANSPARENCY
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TREASURY
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TREASURY SECURITIES
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WAGE EXPENDITURE
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WAGE EXPENDITURES
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WAGE POLICY
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dc.title
Cambodia Economic Update, April 2014 : Coping with Domestic Pressures and Gaining from a Strengthened Global Economy
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okr.date.disclosure
2014-04-07
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okr.doctype
Economic & Sector Work :: Economic Updates and Modeling
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okr.docurl
http://documents.worldbank.org/curated/en/2014/04/19352107/coping-domestic-pressures-gaining-strengthened-global-economy-cambodia-economic-update
en_US
okr.globalpractice
Macroeconomics and Fiscal Management
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okr.globalpractice
Finance and Markets
en_US
okr.globalpractice
Governance
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okr.globalpractice
Trade and Competitiveness
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okr.googlescholar.linkpresent
yes
okr.identifier.externaldocumentum
000442464_20140407133800
en_US
okr.identifier.internaldocumentum
19352107
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okr.identifier.report
86521
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okr.pdfurl
http://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2014/04/07/000442464_20140407133800/Rendered/PDF/865210WP0Cambo00Box385176B00PUBLIC0.pdf
en_US
okr.region.administrative
East Asia and Pacific
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okr.region.country
Cambodia
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okr.topic
Public Sector Expenditure Policy
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okr.topic
Finance and Financial Sector Development :: Currencies and Exchange Rates
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okr.topic
Economic Theory and Research
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okr.topic
Private Sector Development :: Emerging Markets
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okr.topic
Finance and Financial Sector Development :: Debt Markets
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okr.topic
Public Sector Development
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okr.topic
Macroeconomics and Economic Growth
en_US
okr.unit
Southeast Asia PREM Sector (EASPT)
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okr.volume
1 of 1
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