The government has carried out a host of sweeping economic reforms amid Covid-19 to achieve sustainable and inclusive economic growth in the long run and remains fully determined to turn the crisis into a major catalyst for growth during and after the pandemic to build a stronger socio-economic system that is resilient to future crises.
Cambodian Ambassador to Thailand Ouk Sorphorn made the remark on August 24, the first day of the CLMVT Plus Forum 2021, to an audience of leaders and businessmen of the five inland ASEAN countries.
Sorphorn underscored that Cambodia has drawn up a series of focused reforms and measures, including the introduction of new investment law and government credit guarantee; adoption of the e-commerce law and associated strategies; drafting of a law on public-private partnerships; development of an integrated online business registration platform; and a number of initiatives concerning the digital economy.
These incorporate tactics designed to inspire a shift from traditional diplomacy to a newer and more resilient model that transforms challenges into opportunities for Cambodia and more effectively promotes international trade, foreign direct investment, tourism, cultural and sports exchanges.
Minister of Economy and Finance Aun Pornmoniroth last week noted that the Covid-19 crisis had ravaged economies around the world, Cambodia included, since its inception last year.
However, he said, Cambodia has been preparing the 2021-2023 recovery plan which pivots on three priority strategies to return the economy to a high growth path – “economic recovery”, “reforms” and “building resilience”.
Author: May Kunmakara
Source: The Phnom Penh Post
For full article, please read here
Original publication date: 25 August 2021
August 27, 2021
