Cambodia and the International Monetary Fund information
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Cambodia & IMF Overview
Country Population:
16.497 million
Date of Membership:
December 31, 1969
Latest Article IV/Country Report:
December 17, 2018
Special Drawing Rights (SDR):
88.71 million
Quota (SDR):
175.0 million
Number of Arrangements:
2
Constituency Managing Director:
Alisara Mahandana
Cambodia's Resident Representative:
Yasuhisa Ojima
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Cambodia officially joined the IMF on December 31, 1969.[1] After years of internal and external strife, the Cambodian government is currently focusing its attention to rebuilding and renovating the national economy through grants and loans from multilateral sources like the International Monetary Fund. Cambodia gained independence in 1953, which was the starting point of industrialization. Cambodia faced a downhill between 1975 till 1979, which damaged all the infrastructure and economy, economical and a tragic event — genocide which killed millions of innocent citizens and especially the loss of human resources, which caused the Cambodian economy to drop to the lowest point. The Cambodian economy started lively in 1993, hugely relying on the foreign market to export agricultural produce, especially rice.[2] In March 1994, the International Committee for the Reconstruction of Cambodia (ICORC) developed a comprehensive plan in effort to support Washington Consensus policy prescriptions.[3] These reforms aimed to shift the economy from a socialist state-controlled economy towards a capitalistic market-controlled one. Since then they've had a total of two arrangements addressing fiscal management. Directors approved a loan for SDR 28.0 million (about $41 million) in support of Cambodia's 1995-96 macroeconomic and structural reformations.[2] In 1997 domestic political uncertainty following an alleged coup d’état halted IMF disbursements but resumed again in 1998 after the formation of a new government.[4] Since the 1990s there have been no active IMF loans, but Cambodian and IMF relations continue through Technical Assistant strategies and yearly Article IV reports.[5][6]
^"Cambodia and the IMF". IMF. Retrieved 2019-12-02.
^ ab"Press Release: IMF Approves Second Annual Loan for Cambodia under ESAF". IMF. Retrieved 2019-12-02.
^ – via Ear, Sophal. “CAMBODIA AND THE ‘WASHINGTON CONSENSUS.’” Crossroads: An Interdisciplinary Journal of Southeast Asian Studies, vol. 11, no. 2, 1997, pp. 73–97. JSTOR, www.jstor.org/stable/40860626. {{cite journal}}: Cite journal requires |journal= (help); Missing or empty |title= (help)
^"Public Information Notice: IMF Concludes Article IV Consultation with Cambodia". IMF. Retrieved 2019-12-02.
^Cite error: The named reference :5 was invoked but never defined (see the help page).
^"IMF Staff Completes 2019 Article IV Mission to Cambodia". IMF. Retrieved 2019-12-07.
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