World Bank2014-01-282014-01-282013-09https://hdl.handle.net/10986/16632According to the June 2013 global economic prospects, the global economic environment remains fragile, although the balance of risks is now less skewed to the downside than it has been in recent years. The US has been signaling an exit from quantitative easing. Developing country currencies have come under pressure, and their interest rates have been on the rise, contributing to inflation and weaker growth. This may complicate in particular those economies that have seen big increases in credit during the period when interest rates were low, or where current account and government deficits are high. Developing economies remain the main driver of global growth, but their output has slowed compared with the pre-crisis period. The Cambodian economy remains robust amidst the challenging global economic environment, and prospects for meeting the growth projection of 7 percent in 2013 appear favorable. In sum, the key messages include: (a) sustain robust growth by promoting diversification and enhancing competitiveness; (b) maintain banking and financial stability with effective supervision; and (c) improve fiscal management by increasing revenue and more efficient spending.en-USCC BY 3.0 IGOACCOUNTINGASSET PRICEBALANCE OF PAYMENTSBANK FINANCINGBANK MARKETBANKING SECTORBANKING SYSTEMBASKET OF GOODSBILLBORROWING COSTSBROAD MONEYBUDGET DEFICITBUFFERCAPACITY CONSTRAINTSCAPITAL ACCOUNTCAPITAL FLOWSCAPITAL INFLOWSCAPITAL INVESTMENTSCAPITAL OUTLAYSCAPITAL REQUIREMENTSCENTRAL BANKCENTRAL BANKSCERTIFICATES OF DEPOSITSCLEARING HOUSECOMMERCIAL BANKSCOMMODITY PRICESCOMPETITIVENESSCONSOLIDATIONCONSUMER PRICE INDEXCONSUMPTION GOODSCONTINGENT LIABILITYCREDIT GROWTHCURRENT ACCOUNTCURRENT ACCOUNT BALANCESCURRENT ACCOUNT DEFICITCURRENT ACCOUNT DEFICITSCURRENT ACCOUNTSDEBTDEBT BURDENDEBT DISBURSEMENTDEBT MANAGEMENTDEBT STOCKDEBT SUSTAINABILITYDEFICIT FINANCINGDEPOSITDEPOSIT MONEY BANKDEPOSIT MONEY BANKSDEPOSITSDEPRECIATIONDEVELOPING COUNTRIESDEVELOPING COUNTRYDOLLAR EXCHANGE RATEDOMESTIC BANKDOMESTIC CREDITDOMESTIC CREDITSDOMESTIC FINANCIAL SYSTEMDOMESTIC MARKETDOMESTIC-CURRENCYDOMINANT CURRENCYDURABLESECONOMIC CRISISECONOMIC ENVIRONMENTECONOMIC GROWTHEFFECTIVE EXCHANGE RATESEURO ZONEEXCHANGE RATEEXCHANGE RATE INTERVENTIONEXCHANGE RATESEXPENDITUREEXPENDITURESEXPORT MARKETEXPORTERSEXTERNAL DEBTEXTERNAL FINANCINGEXTERNAL SHOCKSFINANCIAL CRISISFINANCIAL MANAGEMENTFINANCIAL MARKETFINANCIAL MARKETSFINANCIAL RISKFINANCIAL RISKSFINANCIAL STABILITYFINANCIAL SYSTEMFISCAL BALANCEFISCAL BALANCESFISCAL DEFICITFISCAL DEFICITSFISCAL POLICYFISCAL POSITIONFOOD PRICEFOOD PRICESFOREIGN ASSETFOREIGN ASSETSFOREIGN CAPITALFOREIGN CURRENCYFOREIGN CURRENCY LOANSFOREIGN DIRECT INVESTMENTFOREIGN DIRECT INVESTMENTSFOREIGN FINANCINGFOREIGN INVESTMENTSFOREIGN LIABILITIESGLOBAL CURRENCYGLOBAL ECONOMYGLOBAL MARKETSGOLDGOVERNMENT DEFICITSGOVERNMENT FINANCESGOVERNMENT REVENUEGROWTH RATEGROWTH RATESHIGH INFLATIONHIGH-INCOME COUNTRIESHOLDINGHUMAN DEVELOPMENTIMPORTIMPORT DEMANDIMPORT TARIFFSIMPORTSINCOME SHOCKINCOME TAXINFLATIONINFLATION RATESINFLATIONARY PRESSURESINSTRUMENTINTEREST INCOMEINTEREST PAYMENTINTEREST PAYMENTSINTEREST RATEINTEREST RATE SPREADINTEREST RATESINTERNATIONAL CAPITALINTERNATIONAL FINANCIAL STATISTICSINTERNATIONAL RESERVESINTERNATIONAL TRADEINTERNATIONAL TRANSACTIONSINVESTMENT OUTLAYINVESTMENT REGIMESINVESTMENT REQUIREMENTSINVESTOR INTERESTLABOR FORCELABOR MARKETLENDERLENDER OF LAST RESORTLIABILITY MANAGEMENTLIQUIDITYLOANLOCAL CURRENCYMACROECONOMIC MANAGEMENTMACROECONOMIC PERFORMANCEMACROECONOMIC POLICIESMACROECONOMIC POLICYMACROECONOMIC STABILITYMAJOR CURRENCIESMARKET CONDITIONSMARKET RATEMARKET SHAREMONETARY AGGREGATESMONETARY AUTHORITIESMONETARY INSTRUMENTSMONETARY POLICYMONEY STOCKMONEY SUPPLYMORTGAGENARROW BANDNATIONAL BANKNOMINAL DEPRECIATIONNOMINAL EXCHANGE RATENOMINAL EXCHANGE RATESOIL PRICEOIL PRICESOPEN ECONOMYOTHER CURRENCIESPEGPERSONAL INCOMEPOLITICAL UNCERTAINTYPOVERTY REDUCTIONPRIVATE FINANCINGPRIVATE SECTOR CREDITPRIVATE SECTOR INVESTMENTSPUBLIC DEBTPUBLIC EXPENDITUREPUBLIC EXPENDITURESPUBLIC INVESTMENTPUBLIC INVESTMENTSPUBLIC SPENDINGPURCHASING POWERREAL EFFECTIVE EXCHANGE RATEREGIONAL INFLATIONRESERVERESERVE REQUIREMENTRESERVESRISKY ASSETSSECURITIESSEIGNIORAGESTOCKSSTORE OF VALUESUPPLY CONDITIONSSURPLUSSURPLUSESTARIFF BARRIERSTAXTAX COLLECTIONTELECOMMUNICATIONSTIME DEPOSITSTOTAL CREDITSTOTAL DEPOSITSTOTAL EXPORTSTOTAL IMPORTSTRADE BALANCETRADE DEFICITTRADE DEFICITSTRADE FINANCINGTRANSITION COUNTRIESTREASURIESWEAK DEMANDWEIGHTSWITHDRAWALWORLD DEVELOPMENT INDICATORWORLD ECONOMYWORLD TRADEWorld Bank10.1596/16632