The World Bank Continues to Support Cambodia on Its Path to Realizing Cambodia Vision 2050

The World Bank Continues to Support Cambodia on Its Path to Realizing Cambodia Vision 2050

On the afternoon of March 25, 2025, Samdech Moha Borvor Thipadei Hun Manet, Prime Minister of the Kingdom of Cambodia, welcomed Ms. Mariam J. Sherman, World Bank Country Director for Cambodia, Vietnam, and Laos, and her delegation during a courtesy call at the Peace Palace.

Ms. Sherman expressed her deep gratitude to the Prime Minister for granting her team the opportunity to meet. She praised Cambodia’s rapid progress across various sectors and highlighted the strong partnership between the World Bank and the Royal Government of Cambodia in advancing the country’s socio-economic development. She also informed the Prime Minister of the approval of the World Bank Partnership Framework for Cambodia (2025-2029), reaffirming the institution’s commitment to supporting Cambodia Vision 2050.

In response, the Prime Minister expressed his satisfaction with the strong collaboration between the Royal Government and the World Bank. He commended the World Bank for its continued support and contributions to Cambodia’s socio-economic growth. He outlined government policies aimed at diversifying and promoting growth and development, with a focus on key sectors such as the economy, agriculture, tourism, and infrastructure to enhance logistics. He also emphasized incentive policies to attract investment and key measures to foster a favorable business climate, particularly to strengthen private sector integration and resilience.

The discussion extended to human capital development, where the Prime Minister highlighted the government’s efforts to build human resources through basic education, vocational training, healthcare, and job creation for Cambodian citizens. Ms. Sherman voiced her support for these initiatives, noting the World Bank’s readiness to collaborate further on human capital development—a critical factor in achieving Cambodia Vision 2050.

The Prime Minister concluded by encouraging Ms. Sherman to work closely with relevant Cambodian ministries and institutions to strengthen and expand the partnership between the Royal Government and the World Bank.

SP-STPM: Unofficial Translation