PHNOM PENH: Cambodia is ranked first in Asean and third among the 20 fastest growing economies in Asia with a growth rate of 6.1% in 2024, reports Cambodian National Radio via the Khmer Times.
According to Pen Bona, spokesperson of the Royal Government of Cambodia, the ranking of economic growth published by the Indonesian statistics firm SeasiaStats is based on the forecasts of international financial institutions.
The spokesman recalled that under the leadership of Hun Sen, the former Prime Minister, Cambodia had a high and steady economic growth of around 7% for decades.
This enabled Cambodia to realise rapid development after achieving full peace with a win-win policy in 1998, stressed the spokesperson.
Pen Bona continued to say that the Covid-19 epidemic has come in and dragged down the entire world economy in a way no one could have imagined.
Despite the global upheaval caused by the Covid-19 pandemic, Cambodia, under the astute leadership of the Royal Government, led by Mr Hun Sen, has demonstrated remarkable resilience. The government’s prudent management has mitigated the impact of this unprecedented health crisis, gradually steering the country and its people towards recovery.
Undeterred by the global economic challenges posed by the Covid-19 crisis and the war in Ukraine, the Royal Government, led by Prime Minister of Cambodia, Mr Hun Manet, has unveiled a comprehensive vision.
This ambitious pentagon strategy is aimed at propelling Cambodia to high-income status by 2050, a testament to the government’s unwavering commitment to the country’s economic growth.
Pen Bona stressed that to achieve the goal, six priority policy programs have been put in place to be implemented immediately, all of which help improve the lives of people, especially the poor and vulnerable.
