Cambodian government today launched a stimulus programme for economic recovery in the context of living with COVID-19 in a new normal.

The launching ceremony was held virtually under the presidency of H.E. Dr. Aun Pornmoniroth, Deputy Prime Minister and Minister of Economy and Finance, with the participation of leaders and representatives of relevant ministries and institutions, embassies, development partners, civil society organisations, business associations, and the private sector.

Named the “Strategic Framework and Programmes for Economic Recovery in the Context of Living with COVID-19 in a New Normal 2021-2023”, it is designed with the vision to strengthen the building of the path and dynamics for robust socio-economic development, and seize opportunities both inside and outside the country to foster the national economy with a highly competitive and diversified base, as well as enhance the well-being of Cambodian people in a new normal.

The document is divided into two sections: the strategic framework, which is to define specific strategies for each sector or element in key areas, and the programmes for economic recovery, which is to set out a short-term action plan with detailed and sharp policy measures to implement and solve key structural problems in each sector or sub-sector for 2021-2023.

“The highly successful, fruitful and effective implementation of this Strategic Framework and Programmes will require close cooperation with high solidarity, active participation and strong sense of responsibility of all stakeholders, through direct implementation, supports and facilitation provided, as well as the recommendations and feedback on the effectiveness of measures, implementation of such measures and pending challenges,” the ministry underlined in a press release issued after the launching ceremony.

Source: Agency Kampuchea Press