Cambodia: Poverty Reduction Strategy Paper Progress Report

Author: International Monetary Fund

Volume/Issue: Volume 2004 Issue 333

Publication date: October 2004

ISBN: 9781451821802

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Topics covered in this book

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Economics- Macroeconomics , ISCR , CR , reform program , private sector , annual budget , data mart , working group , transaction costs , development program , debt management , financial support , value chain , quality of service , government capacity , ethnic minority , deconcentration strategy , Budget planning and preparation , Women , Global , Asia and Pacific

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Summary

This paper examines Cambodia’s Poverty Reduction Strategy Paper Progress. The Cambodian economy grew by 5.2 percent in 2003 compared with 5.5 percent in 2002, led by continued growth in garments exports, a rebound in overall investments and an upward surge in agricultural production. The drop in foreign direct investment has been more than compensated by domestic private investment and higher consumption induced by higher public spending. Moreover, the weakness in the service sector receipts has been offset by continued strong growth in garments exports.