The International Monetary Fund 's (IMF) Cambodia director has said the forecast 9 percent growth of the Cambodian economy this year is the fruits of the country's steady economic policy reform and slow inflation, according to the latest issue of the Phnom Penh Post published this weekend.
"9 percent is very high growth," IMF Resident Representative John Nelmes was quoted as saying by the newspaper.
The Cambodian economy is surging ahead in most areas, the latest IMF report on this country's economy said, adding that agriculture has improved on 2005's record breaking year, reflecting increases in yields and cultivated land.
"Construction and services, particularly the financial sector, underpin a vibrant urban economy," the IMF report said.
Cambodian tax revenues in the first four months of the year were up 60 percent over the same period in 2006 due to improved collections, it added.
Nine percent growth is a dip from the Asian Tiger style growth of 10.75 last year and 13.5 the year before, but is in line with Cambodia's average economic growth since 2000, the Phnom Penh Post said.
Source: Xinhua
"9 percent is very high growth," IMF Resident Representative John Nelmes was quoted as saying by the newspaper.
The Cambodian economy is surging ahead in most areas, the latest IMF report on this country's economy said, adding that agriculture has improved on 2005's record breaking year, reflecting increases in yields and cultivated land.
"Construction and services, particularly the financial sector, underpin a vibrant urban economy," the IMF report said.
Cambodian tax revenues in the first four months of the year were up 60 percent over the same period in 2006 due to improved collections, it added.
Nine percent growth is a dip from the Asian Tiger style growth of 10.75 last year and 13.5 the year before, but is in line with Cambodia's average economic growth since 2000, the Phnom Penh Post said.
Source: Xinhua
