Cambodia International Political Economy

The International Monetary Fund (IMF) has asked the Cambodian government to strengthen the countries banking system in order to avoid further erosion of the Cambodian economy according to AFP.

The IMF projection is for a decline in the Cambodia economy of 2.7 percent this year but with a return to positive growth of 4.3 percent in 2010.

Without increased strict banking supervision and enforcement of the new asset classification regime, development of a comprehensive restructured bank framework, etc. the IMF fears that the Cambodian economy is at risk since the pace of global economic recovery is still uncertain.