IMF praises Cambodia’s robust economic growth

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LagardeChristine Lagarde, Managing Director of International Monetary Fund (IMF), on December 2 lauded Cambodia for its high economic growth and pledged continued support for the country’s financial reform during a two-day visit to the country.

Lagarde made the remarks during a one-hour meeting with Cambodian Prime Minister Hun Sen at the capital’s Peace Palace.

“Cambodia has maintained strong economic growth and the IMF predicted that Cambodia’s economy is robust with its annual growth of over 7 percent in a medium term,” Lagarde said. Cambodia has become an attractive place for investors due to its reforms, she added, encouraging the country to continue financial reform, saying that the IMF was pleased to continue supporting Cambodia in this task. She also congratulated to Hun Sen on his ruling party’s victory in the July’s general election.

For his part, Hun Sen thanked the IMF for its technical assistance for Cambodia in financial reform and customs and excise reform.

“The partnership between Cambodia and the IMF is very important for Cambodia to ensure financial stability, macroeconomic stability and economic growth,” the premier said.

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Reading Time: 1 minute

Christine Lagarde, Managing Director of International Monetary Fund (IMF), on December 2 lauded Cambodia for its high economic growth and pledged continued support for the country’s financial reform during a two-day visit to the country.

Reading Time: 1 minute

LagardeChristine Lagarde, Managing Director of International Monetary Fund (IMF), on December 2 lauded Cambodia for its high economic growth and pledged continued support for the country’s financial reform during a two-day visit to the country.

Lagarde made the remarks during a one-hour meeting with Cambodian Prime Minister Hun Sen at the capital’s Peace Palace.

“Cambodia has maintained strong economic growth and the IMF predicted that Cambodia’s economy is robust with its annual growth of over 7 percent in a medium term,” Lagarde said. Cambodia has become an attractive place for investors due to its reforms, she added, encouraging the country to continue financial reform, saying that the IMF was pleased to continue supporting Cambodia in this task. She also congratulated to Hun Sen on his ruling party’s victory in the July’s general election.

For his part, Hun Sen thanked the IMF for its technical assistance for Cambodia in financial reform and customs and excise reform.

“The partnership between Cambodia and the IMF is very important for Cambodia to ensure financial stability, macroeconomic stability and economic growth,” the premier said.

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