Phnom Penh: At the invitation of the General Secretariat of the Senate, Dr. Kao Thach, the Royal Government Delegate in Charge of the Agricultural and Rural Development Bank (ARDB), attended a seminar on “Cambodia’s Economic Situation and the Road to 2050” chaired by Dr. Thon Vathana, Second Vice President of the Senate of Cambodia.
With the participation of representatives of embassies in Cambodia, members of the Senate and the National Assembly, relevant ministries and institutions, representatives of development partners and educational institutions, etc. on Monday, 5th of the second month of the month of Dutiyasath, year of the year 2570, corresponding to August 3, 2026, at the Solidarity Palace of the Senate.
This important workshop focused on the current state of the Cambodian economy, developments affecting the Cambodian economy, the potential for the Cambodian economy in the current situation, and strategies for the journey towards 2050.
Currently, the Cambodian economy is under pressure from regional and global geopolitics (the Russia-Ukraine war and the Middle East war), rising oil prices, Cambodia-Thailand border disputes, external macroeconomic pressures, and climate change issues, etc.
Amidst this crisis, the Cambodian economy also has the opportunity to continue strengthening and reforming sectors that support Cambodia’s economic growth to be more effective. Strategy for the Journey to 2050 It is an investment in human capital, focusing on children, youth, and adults, to ensure increased productivity, which is a catalyst for Cambodia’s economic growth.
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