Cambodia: Entering a New Phase of Growth

Cambodia: Entering a New Phase of Growth

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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 Cambodiaa€™s vast development needs. This book first takes a closer look at the key economic challenges Cambodia faces at the current juncture, highlighting Cambodiaa€™s 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 Asiaa€™s 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


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