Cambodia : rebuilding for a challenging future / David T. Coe [and others].

"Material presented in this Special issues was originally prepared as background for discussion at the IMF Executive Board in September 2004"--Preface.

Includes bibliographical references (pages 116-118).

Overview / Il Houng Lee and David T. Coe -- Achieving pro-poor growth in Cambodia / Sònia Muñoz -- Determinants of growth in Cambodia and other low-income countries in Asia : evidence from country panel data / Wafa Fahmi Abdelati -- Implications of the removal of quotas on textiles and clothing exports / Alejandro López-Mejía, Sumio Ishikawa, and Sibel Yelten -- Foreign aid flows and foreign direct investment in Cambodia / Koji Nakamura -- Fiscal developments and challenges / Alejandro López-Mejía and Robert Hagemann -- Pro-poor exchange rate policy / Il Houng Lee and Srobona Mitra -- International experience of de-dollarization / Wafa Fahmi Abdelati -- Legal and judicial reform: recent developments and prospects / Nadia Rendak and Damien Eastman -- Cambodia's accession to the WTO / Sumio Ishikawa and Koji Nakamura.

Cambodia's reconstruction and reform efforts have spanned almost 25 years following the Khmer Rouge period that ended in 1979. Economic reforms began in earnest in the early 1990's, but reform efforts were beset by ongoing internal tensions and civil unrest. Although external factors, including sizeable aid inflows and a trade agreement with the United States, helped boost growth in the last decade, the country remains one of the poorest in the region. The current coalition government has announced a strategy aimed at revitalizing economic reforms, and in 2004 Cambodia formally joined the World Trade Organization. But elimination of the garment quota system under the Agreement on Textiles and Clothing is exposing an underlying deterioration in competitiveness, which, coupled with slow growth in the agriculture sector and other structural obstacles to private sector growth, have resulted in a medium-term outlook that remains uncertain.--Publisher's description.