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
dc.date.accessioned
2014-04-15T17:51:52Z
dc.date.available
2014-04-15T17:51:52Z
dc.date.issued
2014-04-02
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.
en
dc.identifier.uri
http://hdl.handle.net/10986/17784
dc.language
English
dc.language.iso
en_US
dc.publisher
Phnom Penh
dc.rights
CC BY 3.0 IGO
dc.rights.uri
http://creativecommons.org/licenses/by/3.0/igo/
dc.subject
ADVERSE EFFECTS
dc.subject
ANNUAL BUDGETS
dc.subject
ARREARS
dc.subject
BANK LIQUIDITY
dc.subject
BANKING SYSTEM
dc.subject
BILL
dc.subject
BROAD MONEY
dc.subject
BUDGET ALLOCATIONS
dc.subject
BUDGET CLASSIFICATION
dc.subject
BUDGET DATA
dc.subject
BUDGET DOES
dc.subject
CAPITAL EXPENDITURE
dc.subject
CAPITAL FLOWS
dc.subject
CAPITAL SPENDING
dc.subject
CAPITAL STOCK
dc.subject
CENTRAL BANK
dc.subject
CENTRAL BANKS
dc.subject
CIVIL SERVANTS
dc.subject
CIVIL SERVICE
dc.subject
CIVIL SERVICE REFORM
dc.subject
CIVIL SOCIETY ORGANIZATIONS
dc.subject
COMPETITIVENESS
dc.subject
CONSOLIDATION
dc.subject
CONSUMER PRICE INDEX
dc.subject
CONTINGENT LIABILITY
dc.subject
CONTROL SYSTEMS
dc.subject
CREDIT GROWTH
dc.subject
CURRENT ACCOUNT
dc.subject
CURRENT ACCOUNT BALANCE
dc.subject
CURRENT ACCOUNT DEFICIT
dc.subject
CURRENT ACCOUNT DEFICITS
dc.subject
DEBT
dc.subject
DEBT BURDEN
dc.subject
DEBT MANAGEMENT
dc.subject
DEBT SERVICE
dc.subject
DEBT SUSTAINABILITY
dc.subject
DEFICITS
dc.subject
DEPOSIT
dc.subject
DEPOSIT MONEY BANK
dc.subject
DEPOSIT MONEY BANKS
dc.subject
DEPOSITS
dc.subject
DEPRECIATION
dc.subject
DEVELOPING COUNTRIES
dc.subject
DOLLAR EXCHANGE RATE
dc.subject
DOMESTIC CREDIT
dc.subject
DOMESTIC DEMAND
dc.subject
DOMESTIC REVENUE
dc.subject
ECONOMIC DEVELOPMENTS
dc.subject
ECONOMIC ENVIRONMENT
dc.subject
ECONOMIC GROWTH
dc.subject
ECONOMIC RECOVERY
dc.subject
ECONOMIC SLOWDOWN
dc.subject
EQUIPMENT
dc.subject
EXCHANGE RATE
dc.subject
EXCHANGE RATE TARGETING
dc.subject
EXCHANGE RATES
dc.subject
EXPENDITURE
dc.subject
EXPENDITURES
dc.subject
EXPORT GROWTH
dc.subject
EXPORT MARKETS
dc.subject
EXPORTER
dc.subject
EXTERNAL DEBT
dc.subject
EXTERNAL FUNDING
dc.subject
EXTERNAL POSITION
dc.subject
FIDUCIARY ASSESSMENT
dc.subject
FINANCIAL ACCOUNT
dc.subject
FINANCIAL CONDITIONS
dc.subject
FINANCIAL CRISIS
dc.subject
FINANCIAL INTERMEDIATION
dc.subject
FINANCIAL MANAGEMENT
dc.subject
FINANCIAL MARKETS
dc.subject
FINANCIAL POSITION
dc.subject
FINANCIAL SECTOR
dc.subject
FINANCIAL SECTOR DEVELOPMENT
dc.subject
FINANCIAL SECTORS
dc.subject
FINANCIAL SYSTEM
dc.subject
FISCAL AFFORDABILITY
dc.subject
FISCAL CONSOLIDATION
dc.subject
FISCAL DEFICIT
dc.subject
FISCAL POLICY
dc.subject
FISCAL REPORTING
dc.subject
FISCAL SHOCKS
dc.subject
FIXED ASSET
dc.subject
FOOD PRICES
dc.subject
FOREIGN ASSETS
dc.subject
FOREIGN CURRENCY
dc.subject
FOREIGN DIRECT INVESTMENT
dc.subject
FOREIGN EXCHANGE
dc.subject
FOREIGN EXCHANGE RESERVES
dc.subject
FOREIGN TRADE
dc.subject
GLOBAL ECONOMY
dc.subject
GLOBAL TRADE
dc.subject
GOLD
dc.subject
GOVERNMENT DEPOSITS
dc.subject
GOVERNMENT EXPENDITURE
dc.subject
GOVERNMENT EXPENDITURES
dc.subject
GOVERNMENT REVENUE
dc.subject
GOVERNMENT REVENUES
dc.subject
GOVERNMENT SAVINGS
dc.subject
GROWTH RATE
dc.subject
GROWTH RATES
dc.subject
HIGH-INCOME COUNTRIES
dc.subject
HOLDINGS
dc.subject
HUMAN RESOURCE
dc.subject
IMPORT
dc.subject
IMPORT GROWTH
dc.subject
IMPORTS
dc.subject
INFLATION
dc.subject
INFLATION RATES
dc.subject
INFLATIONARY PRESSURE
dc.subject
INTERNAL CONTROL
dc.subject
INTERNAL CONTROL SYSTEMS
dc.subject
INTERNATIONAL RESERVES
dc.subject
INVESTMENT PROJECTS
dc.subject
LABOR MARKET
dc.subject
LENDER
dc.subject
LENDER OF LAST RESORT
dc.subject
LIABILITY MANAGEMENT
dc.subject
LOAN
dc.subject
LOCAL CURRENCIES
dc.subject
LOCAL CURRENCY
dc.subject
LONG-TERM INTEREST
dc.subject
LONG-TERM INTEREST RATES
dc.subject
LOW-INCOME COUNTRIES
dc.subject
LOW-INCOME COUNTRY
dc.subject
MACROECONOMIC MANAGEMENT
dc.subject
MACROECONOMIC POLICY
dc.subject
MACROECONOMIC STABILITY
dc.subject
MAJOR CURRENCIES
dc.subject
MARKET INSTABILITY
dc.subject
MICROFINANCE
dc.subject
MICROFINANCE INSTITUTIONS
dc.subject
MINISTRY OF ECONOMY
dc.subject
MINISTRY OF FINANCE
dc.subject
MONETARY POLICY
dc.subject
MONETARY SECTOR
dc.subject
MONEY GROWTH
dc.subject
MORTGAGE
dc.subject
MORTGAGE-BACKED SECURITIES
dc.subject
MULTINATIONAL COMPANIES
dc.subject
NATIONAL AUDIT
dc.subject
NATIONAL BANK
dc.subject
NOMINAL EXCHANGE RATE
dc.subject
OIL PRICES
dc.subject
OTHER CURRENCIES
dc.subject
PEG
dc.subject
PERFORMANCE MANAGEMENT
dc.subject
PETROLEUM PRICES
dc.subject
POLITICAL STABILITY
dc.subject
POLITICAL UNCERTAINTY
dc.subject
POST-CRISIS PERIOD
dc.subject
POVERTY REDUCTION
dc.subject
PRIVATE SECTOR
dc.subject
PROVINCIAL EXPENDITURES
dc.subject
PROVINCIAL LEVEL
dc.subject
PRUDENTIAL REGULATIONS
dc.subject
PUBLIC EXPENDITURE
dc.subject
PUBLIC EXPENDITURE REVIEW
dc.subject
PUBLIC FINANCIAL MANAGEMENT
dc.subject
PUBLIC INVESTMENT
dc.subject
PUBLIC SECTOR
dc.subject
PUBLIC SERVICE
dc.subject
PUBLIC SERVICE DELIVERY
dc.subject
PUBLIC SERVICES
dc.subject
PUBLIC SPENDING
dc.subject
PUBLIC WORKS
dc.subject
REAL EFFECTIVE EXCHANGE RATE
dc.subject
REAL ESTATE INVESTMENT
dc.subject
REAL ESTATE INVESTMENTS
dc.subject
REAL EXCHANGE RATE
dc.subject
REAL GROWTH
dc.subject
REFORM PROGRAM
dc.subject
REGIONAL INFLATION
dc.subject
REGULATORY FRAMEWORK
dc.subject
REMUNERATION
dc.subject
RESERVES
dc.subject
RESOURCE MANAGEMENT
dc.subject
RETURN
dc.subject
REVENUE GROWTH
dc.subject
REVENUE TARGET
dc.subject
SECTORAL ALLOCATION
dc.subject
SECTORAL ALLOCATIONS
dc.subject
SECTORAL BREAKDOWN
dc.subject
SERVICE FACILITIES
dc.subject
SHORT-TERM DEBT
dc.subject
SHORT-TERM INTEREST RATE
dc.subject
STRUCTURAL REFORMS
dc.subject
SURPLUSES
dc.subject
SUSTAINABILITY ANALYSIS
dc.subject
TAX
dc.subject
TAX ADMINISTRATION
dc.subject
TAX BASE
dc.subject
TAX COLLECTION
dc.subject
TAX REVENUE
dc.subject
TAX REVENUES
dc.subject
TOTAL CREDIT
dc.subject
TOTAL EXPORT
dc.subject
TOTAL IMPORT
dc.subject
TOTAL IMPORTS
dc.subject
TOTAL INVESTMENTS
dc.subject
TRADE BALANCE
dc.subject
TRADE DEFICIT
dc.subject
TRADE DEFICITS
dc.subject
TRADE FACILITATION
dc.subject
TRADE SURPLUS
dc.subject
TRADING
dc.subject
TRADING PARTNERS
dc.subject
TRANSPARENCY
dc.subject
TREASURY
dc.subject
TREASURY SECURITIES
dc.subject
WAGE EXPENDITURE
dc.subject
WAGE EXPENDITURES
dc.subject
WAGE POLICY
dc.title
Cambodia Economic Update, April 2014 : Coping with Domestic Pressures and Gaining from a Strengthened Global Economy
en
okr.date.disclosure
2014-04-07
okr.doctype
Economic & Sector Work :: Economic Updates and Modeling
okr.docurl
http://documents.worldbank.org/curated/en/2014/04/19352107/coping-domestic-pressures-gaining-strengthened-global-economy-cambodia-economic-update
okr.globalpractice
Macroeconomics and Fiscal Management
okr.globalpractice
Finance and Markets
okr.globalpractice
Governance
okr.globalpractice
Trade and Competitiveness
okr.googlescholar.linkpresent
yes
okr.identifier.externaldocumentum
000442464_20140407133800
okr.identifier.internaldocumentum
19352107
okr.identifier.report
86521
okr.language.supported
en
okr.pdfurl
http://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2014/04/07/000442464_20140407133800/Rendered/PDF/865210WP0Cambo00Box385176B00PUBLIC0.pdf
en
okr.region.administrative
East Asia and Pacific
okr.region.country
Cambodia
okr.topic
Public Sector Expenditure Policy
okr.topic
Finance and Financial Sector Development :: Currencies and Exchange Rates
okr.topic
Economic Theory and Research
okr.topic
Private Sector Development :: Emerging Markets
okr.topic
Finance and Financial Sector Development :: Debt Markets
okr.topic
Public Sector Development
okr.topic
Macroeconomics and Economic Growth
okr.unit
Southeast Asia PREM Sector (EASPT)
okr.volume
1 of 1

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