Logo of Phnom Penh Post newspaper Phnom Penh Post - Cambodia to remain among Least Developed Countries, for now

Cambodia to remain among Least Developed Countries, for now

Cambodia to remain among Least Developed Countries, for now

Cambodia is not expected to graduate from its Least Developed Country (LDC) status until after 2025, though it has made progress in furthering its development, a new report by a UN agency said.

The United Nations Conference on Trade and Development (UNCTAD) projected in its latest review of the world’s poorest nations, which it undertakes every three years, that the number of LDCs will fall from 48 to 32 by 2025. By that date, Cambodia will be the only Asian country to still hold the classification, it said.

The report gave a positive outlook on Cambodia’s improvements in education, citing the progress made through education sector support initiatives. It also noted that the Kingdom’s private sector has played an effective role in “diversifying . . . production and entering in high-technology global value chains”,

In a different ranking by the World Bank, Cambodia moved from a lower-income bracket to lower-middle-income status earlier this year, which is expected to result in a reduction of trade benefits for the country.

The UNCTAD report said the Cambodian government’s Rectangular Strategy Phase Three “aims at graduating from a low-income country to a lower-middle-income status in the very near future and further to become an upper-middle income country by 2030”.

Prime Minister Hun Sen expressed optimism in November that Cambodia was on track to make the transition by 2030, and to achieve high income status by 2050.

MOST VIEWED

  • Chikungunya hits 15 provinces, says gov’t

    Ministry of Health spokeswoman Or Vandine said on Thursday that the chikungunya outbreak in the Kingdom has spread to 15 provinces. Some 1,700 people are now suspected to have the disease. Vandine urged people to prevent its further spread by eliminating shelters for the Aedes aegypti mosquitoes

  • Body of woman killed in Bangkok returns

    The Cambodian embassy in Thailand is working to repatriate the body of a casino dealer who was shot dead in Bangkok on Monday night. Ministry of Foreign Affairs and International Cooperation spokesman Kuy Kuong told The Post on Wednesday that officials are preparing paperwork to

  • Gov’t exempts visa A and B holders from Covid fees

    Airline passengers who are diplomats and officials of international organisations holding Type A and B visas for travel to Cambodia are exempted from paying Covid-19 testing fees, said the Ministry of Health in its latest adjustment of rules on Wednesday. Health Minister Mam Bun Heng

  • All inbound flights set to face added scrutiny

    Ministry of Health spokesperson Or Vandine said on Monday that the ministry is monitoring all inbound flights, after it was announced that only those from Malaysia and Indonesia will be temporarily cancelled from August 1. Vandine said on Monday that the two countries were identified as