Home » The blueprint for Cambodia’s path into the future.

The blueprint for Cambodia’s path into the future.

by Surya Narayan
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Samdech Hun Sen has received greetings from Cambodians all over the country on the occasion of the 38th anniversary of his swearing-in as the country’s prime minister (January 14, 1985–January 14, 2023). At the time, he held the record for becoming the world’s youngest Prime Minister in the world.

Samdech Hun Sen is the most respected and supported Prime Minister in the world, and he holds the record for longest-serving Prime Minister. In the past 38 years, Cambodia has encountered innumerable formidable hurdles, but owing to his intelligence and expertise, the Kingdom has made development in all sectors, and its reputation on the international stage has improved.

Samdech Hun Sen was born on August 5, 1952, in the village of Peam Koh Sna, which is in the district of Stung Treng in the province of Kampong Cham. When he was 27, he became Minister of Foreign Affairs. Two years later, he was named Deputy Prime Minister and Minister of Foreign Affairs. When he was 32, he became Prime Minister.

For the country’s bright future, Samdech Hun Sen provided a few ideas and directions under the topic “Revitalizing Cambodia: Sustaining Development beyond COVID19.” I’d like to share these insights with everyone.

In addition to immunization, the Royal Government of Cambodia (RGC) will invest more in the healthcare sector to establish a robust healthcare system that can help safeguard citizens from COVID-19 and any future pandemics.

The development of the social protection system involves investments and the provision of economic security for the population, particularly for the poor and vulnerable families. In this spirit, the RGC will continue to enhance and extend the social assistance and social security systems in a more targeted manner, particularly by encouraging and motivating people in the informal economy to formalize in order to receive protections.

Samdech Hun Sen, Cambodian Prime Minister

Human resource development in both knowledge and skills is essential to enhancing economic productivity and transforming the economic structure from a low-skilled and labor-intensive economy to a technology-based and skill-based economy.

Despite the fact that Cambodia’s economy relies substantially on foreign direct investments and exports, small and medium enterprises (SMEs) constitute the economic backbone, contributing significantly to the creation of jobs for Cambodians. In this context, the RGC has prioritized the development of small and medium-sized enterprises (SMEs) by providing financial and technical assistance, enhancing the business climate, and encouraging participation in the formal sector, respectively.

Digital technology has grown swiftly and become a source of economic growth. Digital technology has the ability to help emerging or developing economies rapidly adopt new technologies and transition from old to modern industries, regardless of their level of progress. Cambodia must therefore utilize this opportunity by encouraging the implementation of the “Cambodia Digital Economy and Society Policy Framework 2021–2035,” the “Cambodia Digital Government Policy 2022–2035,” and other related policies.

Promoting green economic development and climate resilience is a crucial component of fostering sustainable socioeconomic development, as evidenced by the expansion of cooperation on building green infrastructure, promoting energy transitions, and implementing green technology, among other initiatives.

The major tasks mentioned above demand significant financial resources from both the public and private sectors. As a result, maintaining financial sector stability and diversity, as well as establishing a robust and inclusive financial system as a whole, with private sector engagement, are critical.

Simultaneously, the implementation of the Public Financial Management Reform (PFM) Program has yielded positive results, allowing the Royal Government to allocate more funds to priority sectors, increase public investments, save, promote Cambodia’s budget independence, and implement policies and interventions to assist the people and private sector affected by the COVID-19 crisis.

“Cambodia possesses now the rights to look far into the future and everything for making a future construction is waiting for the Cambodian own efforts.” – Samdech Hun Sen

Source: Freshnews Asia

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