IMF praises Cambodia’s robust economic growth

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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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. 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...

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.



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

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