WASHINGTON, Feb 10 (Reuters) - The International Monetary Fund on Tuesday warned that Cambodia faces "serious challenges" from the impact from the global economic downturn and financial crisis, which would significantly slow its growth in 2009.
In its annual review of Cambodia, the IMF said the crisis will potentially affect economic activity, capital inflows and the banking system in the southeast Asian country.
The fund suggested that any response by Cambodia should involve supportive fiscal and monetary policies, as well as improvements in financial sector oversight, public services delivery and competitiveness.
It said plans to ease fiscal policy in 2009 were "broadly appropriate" and recommended that the increase in government spending target social and infrastructure projects.
Turning to monetary policy, the IMF said it saw room for a moderate easing in interest rates as credit growth declined and demand pressures abate.
The IMF also called for greater exchange rate flexibility, calling it "the appropriate medium-term objective."
(Reporting by Lesley Wroughton; Editing by Leslie Adler)
In its annual review of Cambodia, the IMF said the crisis will potentially affect economic activity, capital inflows and the banking system in the southeast Asian country.
The fund suggested that any response by Cambodia should involve supportive fiscal and monetary policies, as well as improvements in financial sector oversight, public services delivery and competitiveness.
It said plans to ease fiscal policy in 2009 were "broadly appropriate" and recommended that the increase in government spending target social and infrastructure projects.
Turning to monetary policy, the IMF said it saw room for a moderate easing in interest rates as credit growth declined and demand pressures abate.
The IMF also called for greater exchange rate flexibility, calling it "the appropriate medium-term objective."
(Reporting by Lesley Wroughton; Editing by Leslie Adler)
9 comments:
The one-eyed gangster Viet slave "Hun Sen" will laugh his ass off at it and at you all, should you dare tell him about it...Am pretty sure of it...
Are you kidding us? Cambodia is no way can affect by global market slump because we depend on begging foreigners for money all the time! Stop giving us any negative report as this could scare investors out of the country and mind your own business, IMF.
I am a PhD Hanoi PM. I know what to do, but I Do No like your advocate and advise.
Also don’t tell us to stop implore outsiders for money.
Global economic collapse due to corruption in the West! Bravo Hun Kwack. You can pretty well with your single eye sight!
Joy Euỹ. Do Ma Kong Kac ah si ke Seong Boun, Hun Xen!
Are you sure you're not being sarcastic or something 10:02 AM? Damn you're good, lol!
I believe khmer have people like you in this furume Cambodia country will disapear in the world.And you guy will not fucking with khmer girl you will fucking with foriegn people girl.So people like you guy why pol pot don't let you go on hell?
We're spared and choose to live to face Pouk ah Yuon and its slaves. Pol Pot known this for sure that's why he didn't let us go to Hell, ok jack ass 10:28 AM?
Look how much Khmer people are suffering under Hun Sen's regime.
http://www.youtube.com/watch?v=ECN3-2m2W54
10:28 AM
Fucking foreign girls? Majority of the guys on here don't even know what a pussy looks like lol. If these guys can get any pussy, why would they spend so much hours online talking their worthless one-dimentional politics? They don't get no pussy. That's why they have so much time. The people that get pussies wouldn't spend this much time talking nonesense on KI.
The only thing the guys on here get is jerking off. They go online and go to run their empty brain on KI then go to porn site and jack off. That's how.
Just ask yourself. Who could be filled with such anger in the way they talk online? The guys that don't get laid. DUH! lol. THey don't get no pussies and have to go online and release their frustration into their dumbass politics.
Art thee confessionally attempting to us the truth of thyself, my beloved 2:07PM?
LAMO @2:07AM!
Post a Comment