Vientiane (FN), Oct. 10 – World Bank Regional Vice President for East Asia and Pacific (EAP) Manuela V. Ferro announced continued cooperation with the Royal Government of Cambodia to support the country's long-term development vision.
Cambodian Prime Minister Hun Manet received a courtesy call by Manuela V. Ferro, World Bank Regional Vice President for East Asia and Pacific (EAP), on 9 October 2024 in Vientiane, Laos.
During the meeting, the vice president congratulated the Royal Government of Cambodia for prioritising human capital development as a key policy to build a strong foundation for achieving its long-term vision.
She also informed Samdech Thipadei that the World Bank will soon adopt the Country Partnership Framework (CPF) 2025-2029 for Cambodia, which will significantly contribute to achieving Cambodia's sustainable development goals.
In light of regional and global economic uncertainties, Manuela V. Ferro underlined the need for countries in the region to strengthen their resilience by identifying new growth mechanisms to further boost economic growth and build sustainable, resilient nations. She also informed Samdech Thipadei that the World Bank will continue to enhance its cooperation with the Royal Government of Cambodia to contribute to the achievement of the country's long-term vision.
For his part, Samdech Thipadei outlined the key political priorities of the Royal Government of Cambodia, including human capital development, improving the quality of healthcare services, education and vocational skills training. These are the main pillars in Cambodia’s strategy to become a high-income country by 2050.
The premier added that Cambodia is studying ways to track the percentage of young Cambodians who pursue general and higher education, as well as those who opt for vocational training. He underscored the importance of vocational education in meeting labour market demands and supporting socio-economic development.
At the same time, Samdech Thipadei underlined that Cambodia has been strengthening its economic resilience by launching comprehensive reforms and reinforcing priority sectors, creating a solid foundation to support national economic growth.
=FRESH NEWS
