Cambodia’s Thriving Economy Receives High Praise from WEF Chief Klaus Schwab
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Klaus Schwab, founder and executive chairman of the World Economic Forum (WEF), commended Cambodia’s impressive economic growth during his visit to the ASEAN Summit hosted by the country in 2022. Schwab’s positive remarks highlight Cambodia’s progress in various sectors, including trade, foreign investment, tourism, and economic reforms.
During a meeting with Prime Minister Hun Manet at the ASEAN Summit held in Indonesia, Schwab praised Cambodia’s thriving economy and expressed his interest in increasing cooperation between the WEF, ASEAN, and Cambodia. He also extended an invitation for Manet to attend a forum in Davos, Switzerland, organised by the WEF.
Prime Minister Hun Manet responded positively to Schwab’s remarks, affirming that the WEF’s role in connecting the public and private sectors aligns with Cambodia’s development goals, particularly with regard to the private sector, the economy, and a digital society.
Cambodia’s dedication to fostering a favourable investment climate, supporting regional economic initiatives like the Regional Comprehensive Economic Partnership (RCEP), and entering new markets has supported its economic growth. These efforts, along with internal reforms, the strengthening of infrastructure, and enhanced human resources, have contributed to the country’s stable and continuous economic development.
This recognition from Schwab and the invitation to attend the forum in Davos highlight the international interest in Cambodia’s economic progress. It showcases the country’s potential on the global stage and opens up opportunities for increased cooperation and further growth in the future.
Overall, Cambodia’s thriving economy and positive trajectory have garnered praise and attention from global leaders, indicating a promising future for the country’s economic prosperity and progress.
