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This 2015 Article IV Consultation highlights that economic activity in Cambodia remained strong with a growth rate at 7 percent in 2014, notwithstanding appreciation of the real effective exchange rate following U.S. dollar strengthening and growing competition from other low-cost garment producers. Inflation fell in 2014 and through 2015, owing to strong external disinflationary pressures from lower food and oil prices. The short-term outlook remains broadly favorable. Growth is projected to remain robust at 7 percent in 2015, while inflation is projected to rise gradually to about 2 percent by end-2015. The fiscal deficit is projected to rise modestly to 2 percent in 2015 as a result of strong measures to improve revenue administration.
In 2011 the World Bank—with funding from the Bill and Melinda Gates Foundation—launched the Global Findex database, the world's most comprehensive data set on how adults save, borrow, make payments, and manage risk. Drawing on survey data collected in collaboration with Gallup, Inc., the Global Findex database covers more than 140 economies around the world. The initial survey round was followed by a second one in 2014 and by a third in 2017. Compiled using nationally representative surveys of more than 150,000 adults age 15 and above in over 140 economies, The Global Findex Database 2017: Measuring Financial Inclusion and the Fintech Revolution includes updated indicators on access to and use of formal and informal financial services. It has additional data on the use of financial technology (or fintech), including the use of mobile phones and the Internet to conduct financial transactions. The data reveal opportunities to expand access to financial services among people who do not have an account—the unbanked—as well as to promote greater use of digital financial services among those who do have an account. The Global Findex database has become a mainstay of global efforts to promote financial inclusion. In addition to being widely cited by scholars and development practitioners, Global Findex data are used to track progress toward the World Bank goal of Universal Financial Access by 2020 and the United Nations Sustainable Development Goals. The database, the full text of the report, and the underlying country-level data for all figures—along with the questionnaire, the survey methodology, and other relevant materials—are available at www.worldbank.org/globalfindex.
With a rapidly growing commercial economy that requires a sound financial system to sustain growth, Cambodia is committed to the long-term development of the financial sector, channeling financial resources to productive investments, and managing the inherent risks to achieve sustainable economic growth over the long term and contribute to poverty reduction. Financial Sector Development Strategy 2011–2020 reflects Cambodia’s achievements to date, provides an assessment of current challenges and constraints to financial sector development, the long-term goals, and a prioritized set of action plans for the next decade. Said strategy will enable Cambodia’s financial sector to integrate into the regional financial system and support her long-term economic development agenda.
"Angkor, the temple and palace complex of the ancient Khmer capital in Cambodiais one of the world's most famous monuments. Hundreds of thousands oftourists from all over the globe visit Angkor Park, one of the finest UNESCO WorldHeritage Sites, every year. Since its UNESCO listing in 1992, the Angkor regionhas experienced an overwhelming mushrooming of hotels and restaurants; theinfrastructure has been hardly able to cope with the rapid growth of mass tourismand its needs. This applies to the access and use of monument sites as well. The authors of this book critically describe and analyse the heritage nominationprocesses in Cambodia, especially in the case of Angkor and the temple ofPreah Vihear on the Cambodian/Thai border. They examine the implications theUNESCO listings have had with regard to the management of Angkor Park andits inhabitants on the one hand, and to the Cambodian/Thai relationships on theother. Furthermore, they address issues of development through tourism thatUNESCO has recognised as a welcome side-effect of heritage listings. They raisethe question whether development through tourism deepens already existinginequalities rather than contributing to the promotion of the poor"--Publisher's description.
A comprehensive picture of the effects of economic integration on industry location in less developed East Asia - particularly in Cambodia, Laos, Vietnam, and Myanmar - who pursued trade liberalization and economic integration after the 1990s. Studies include detailed empirical analyses of regional industry locations as well as country overviews.
A flagship annual document of the Ministry of Finance, Government of India, Economic Survey 2011-12 reviews the developments in the Indian economy over the past 12 months, summarizes the performance on major development programmes, and highlights the policy initiatives of the government and the prospects of the economy in the short to medium term.
This FAD mission reviewed recent progress to improve tax administration and identified areas of priority tax administration modernization for 2019–23. The MEF has been implementing the RMS, a major component of which is the strengthening of the administration of the GDT. As the RMS ends in 2018, the MEF is now developing the next phase of reforms to strengthen the revenue system of Cambodia over the period 2019 to 2023. The GDT has made significant progress with implementing the RMS measures under its responsibility, and achieved extremely positive revenue growth and collections. The GDT has completed 71 out of the 86 RMS tax administration measures; the remaining 15 are under active progress. Since 2012, the GDT has routinely exceeded its revenue targets, and year-on-year revenue growth has far exceeded the annual levels of economic growth. Cambodia’s 2017 tax-to-GDP ratio of 17.2 percent is now comparable with many regional countries.
Although the Chinese form only a small fraction of the population of Southeast Asia, they are a minority of crucial importance to the future of many countries, for they control much of the commercial economy of the region. Studies have been published on the Chinese in Thailand, Malaysia, the Philippines, and Indonesia. This book is the first study of the Chinese in Cambodia. The author is an anthropologist, but the book is not written from that perspective alone; it examines the position of the Chinese in Cambodian society from the historical, the economic, the legal, and the demographic points of view as well.
This publication provides a standard compilation of supply and use tables (SUTs) for 19 economies in Asia and the Pacific to help them comply with the United Nations 2008 System of National Accounts (SNA) recommendations. SUTs are an integrated statistical estimation and economic analysis model that facilitates the compilation of more reliable, consistent, and internationally comparable estimates of key economic statistics such as gross domestic product. The improved and more detailed statistics are expected to provide a better basis for measuring economic output and growth; facilitating informed policy making; and monitoring progress toward the Sustainable Development Goals (SDGs), relating especially to poverty alleviation, economic growth, technological progress, and industrial and infrastructure development. The compilation of SUTs is an essential first step to establish an effective statistical system in any economy. In 2014, ADB embarked on a data development and capacity building project to assist 19 members construct benchmark SUTs for the latest possible year. This publication outlines the relevant statistical and economic concepts, data compilation and development practices, project implementation strategies, and the results of the project. It also includes an abridged version of the SUTs of the 19 participating economies. The more detailed tables are available online through the ADB website.