Cambodia is poised to join a new generation of Asian frontier economies transitioning from low-income to emerging-market. But the path to greater and more shared prosperity requires a solid foundation of sound macroeconomic policies, enabling new growth drivers, tackling a highly dollarized and fragmented financial system, and creating more fiscal policy space to help meet Cambodiaas vast development needs. This book first takes a closer look at the key economic challenges Cambodia faces at the current juncture, highlighting Cambodiaas structural and financial constraints to growth as well as shifting vulnerabilities as Asia rebalances. It then lays out how a strategy of fiscal and financial sector policies, from creating a fairer and more buoyant tax system to modernizing financial instruments, markets and supervision, can help mobilize the resources and tools needed for one of Asiaas youngest and fastest-growing populations to enjoy more self-sustaining and inclusive growth.TABLE 7.2 Cambodia: Priorities for Improving Revenue Administration Priority areas Policy measures Near term Debt ... (1) Establish a task force to start addressing the most significant debt cases; (2) Develop protocols to delegate powers from ... Information technology (IT): The IT system is inadequate, procedures are predominantly manual and paper-based. ... In view of this, it would be a good start to assign all audit activities relating to taxpayers registered with the LTD to theanbsp;...
|Title||:||Cambodia: Entering a New Phase of Growth|
|Author||:||Mr. Olaf Unteroberdoerster|
|Publisher||:||International Monetary Fund - 2014-02-27|