​IMF review | Phnom Penh Post

IMF review

National

Publication date
06 December 2002 | 07:00 ICT

Reporter : Post Staff

More Topic

A review mission from the International Monetary Fund concluded the country's

economic performance in 2002 was "broadly favorable", but expected real

GDP growth would slow to 4.5 percent. The IMF's country head Robert Hagemann blamed

the drop on drought and floods, but said it was partly offset by higher than expected

garment exports. The government's cautious fiscal stance meant inflation remained

below 5 percent. The IMF said more foreign investment was needed to cut poverty,

and said the government would have to improve infrastructure and governance.

Contact PhnomPenh Post for full article

Post Media Co Ltd
The Elements Condominium, Level 7
Hun Sen Boulevard

Phum Tuol Roka III
Sangkat Chak Angre Krom, Khan Meanchey
12353 Phnom Penh
Cambodia

Telegram: 092 555 741
Email: [email protected]