World Bank Regional Vice President for East Asia and Pacific Ms. Manuela V. Ferro said that the World Bank will continue to better cooperate with the Royal Government of Cambodia.
The commitment was reaffirmed when she paid a courtesy call on Samdech Moha Borvor Thipadei Hun Manet, Prime Minister of the Kingdom of Cambodia, on the sidelines of the 44th and 45th ASEAN Summits and Related Summits in Vientiane, Lao PDR on Oct. 9.
In the meeting, Ms. Manuela V. Ferro expressed her congratulations to the Royal Government of Cambodia on identifying human capital development as a key policy to build a strong foundation for achieving a long-term vision.
She added hat the World Bank will soon adopt the Cambodia Country Partnership Framework 2025-2029 (CPF 2025-2029) which will significantly contribute to the achievement of Cambodia’s Sustainable Development Goals.
In the face of regional and global economic uncertainty, Ms. Manuela V. Ferro said countries in the region should strengthen their independence by identifying new growth mechanisms to further promote sustainable national economic growth and resilience.
For his part, the Cambodian Prime Minister highlighted the Royal Government’s key political priorities, including human capital development, improvement of the quality of health services, and attention to vocational education and training. These are the top priorities in turning Cambodia into a high-income country by 2050.
Samdech Thipadei Hun Manet added that Cambodia has been studying the approach of monitoring the percentage of young Cambodians who should continue their education at the general and higher education levels, and what percentage of young people should study vocational skills. He also stressed the importance of vocational training to meet the needs of the labour market and socio-economic development.
At the same time, the Cambodian leader underlined that Cambodia has been strengthening her economic resilience, launched in-depth reform programme, and strengthened her priority areas to become a stronger platform to support the national economic growth.
