Subscribe Search

Search form

Logo of Phnom Penh Post newspaper Phnom Penh Post - IMF chief cites growth but warns of challenges

IMF chief cites growth but warns of challenges

IMF chief Christine Lagarde meets with Prime Minister Hun Sen at the Peace Palace in Phnom Penh
IMF chief Christine Lagarde meets with Prime Minister Hun Sen at the Peace Palace in Phnom Penh. PHOTO SUPPLIED

IMF chief cites growth but warns of challenges

International Monetary Fund managing director Christine Lagarde applauded Cambodia’s economic outlook yesterday but said it is not without challenges.

In an exclusive interview with the Post, Lagarde reaffirmed the IMF’s seven per cent growth prediction for the year.

“We believe that Cambodia will be an attractive destination for foreign direct investment,” she said.

But Lagarde also acknowledged that there are challenges ahead for Cambodia in its health and education sectors, as well as its financial markets.

Earlier in the day, the IMF chief met with Prime Minister Hun Sen at the capital’s Peace Palace.

The prime minister’s spokesman Eang Sophallet announced afterwards that the IMF boss had congratulated the premier on his election victory.

Lagarde declined to comment in her interview with the Post on the country’s political situation, other than to say that “the more certainty there is in all respects, the better for the economy and for the people”.

Opposition Cambodia National Rescue Party spokesman Yim Sovann would not be goaded on the alleged comments of the government yesterday.

“She has the right to express her opinion and the Cambodian people and the majority of the voters have the right to express their opinion also.”

See tomorrow’s edition of the Post for more of the interview with Christine Lagarde.


  • Australians protest Asean summit visit by PM Hun Sen

    Hundreds of protesters gathered in Sydney’s Hyde Park on Friday to protest against Cambodian strongman Hun Sen, who claimed to have been gifted millions of dollars by the Australian government ahead of a special Asean summit this weekend. An estimated 300 protesters, the majority of

  • American ‘fugitive’ arrested in Cambodia outside of US Embassy

    An American citizen was arrested on request by the US Embassy in Phnom Penh on Tuesday, according to Cambodian police. Major General Uk Hei Sela, chief of investigations at the Department of Immigration, identified the man as American Jan Sterling Hagen, and said he was

  • One Australian, one Cambodian killed in explosion at military base

    Updated: 5:20pm, Friday 16 March 2018 An Australian tourist and a Cambodian soldier were killed in an explosion on Thursday afternoon at an army base in Cambodia’s Kampong Speu province. The Australian, whom the government initially identified as a technical demining expert in his 40s, and

  • Peeling back layers of prehistory in Battambang

    When the man passed away, he had not yet reached 50. He belonged to a tribe that had settled near the Sangker River in Battambang province, likely cultivating the fields and raising animals. On the side, they hunted for boars, and even turtles, one of which