ADB Unveils New Strategy to Boost Cambodia’s Economy

The Asian Development Bank (ADB) has launched a comprehensive five-year strategy (2024-2028) to bolster Cambodia’s sustainable and inclusive economic growth.

Key pillars of the strategy include:

• Accelerating private sector-led economic diversification: Enhancing infrastructure and creating a conducive business environment to attract investments.
• Advancing human development: Ensuring inclusive access to essential services like education, healthcare, and clean water, while improving food security.
• Strengthening climate resilience: Focusing on climate adaptation measures in agriculture, water resources, and urban infrastructure, while promoting renewable energy.

This strategy is closely aligned with Cambodia’s national development goals and reinforces ADB’s commitment to a prosperous and resilient Asia-Pacific region.