Peace and security in respective countries constitute one of the main foundations for socio-economic recovery in the post COVID-19 crisis, according to Prime Minister Samdech Akka Moha Sena Padei Techo Hun Sen’s remarks at the 26th International Conference on “The Future of Asia” under the theme: “Shaping the Post-Covid Era: Asia’s Role in the Global Recovery” organised by Nikkei via Videoconference on May 20-21.
“Asia must continue building and maintaining peace and security in their countries as well as in the region, which is an indispensable foundation for undertaking socio-economic recovery in the post COVID-19 crisis, as well as for long-term development,” he noted.
In the process of recovery, he added, Asia needs to strengthen partnerships between countries in the region and between countries around the world, as well as all development stakeholders. “To achieve our common goals successfully, we must adhere to the principles of co-existence, non-interference and respects for the way of life, culture, tradition and history, that are the values of each country, so as to strengthen the values of peace, dignity and unity,” he said.
Samdech Techo Hun Sen took the opportunity to share some of Cambodia’s recovery plans.
Cambodia, as a small country with limited resources, is committed to continuing to expand and strengthen cooperation, aimed at addressing the common challenges so as to build resilience against crises and ensure sustainable and inclusive socio-economic development under both regional and global frameworks, he pointed out, stressing that the Royal Government of Cambodia is committed to turning Covid-19 crisis into the opportunity for more in-depth reforms aimed at building stronger and more resilient economic and social system against any future crises.
“The Royal Government of Cambodia has been preparing and planning to launch the Post-COVID-19 Economic Recovery Plan 2021-2023, with the objective to “revive economic growth back to the growth potential with sustainability and inclusiveness through ensuring peace, security, social stability, and public orders, on the path of the new normal as well as enhance competitiveness and promote economic diversification, especially building strong industrial foundation with high export capacity and stronger linkage to regional and global supply chains,” Samdech Techo Hun Sen said.
Based on this, he explained, Cambodia would attach high priority to 1). revival through building a strong foundation for the economy to return to growth path by focusing on ensuring safety, managing the impacts, stabilising and promoting the revival of potential businesses, especially the hard-hit sectors, and speedily creating jobs; (2). reform through continuing the implementation of key structural reform measures, including improving trade facilitation, investment and business climate, and promoting and developing digitalisation in the economic system for both public and private sectors; and (3). building resilience through strengthening preparedness and responsiveness to similar diseases or situations that may erupt in the future by focusing on developing a stronger and more effective public health and social protection system and ensuring the sustainable and inclusive socio economic recovery as well as development.
Source: Agency Kampuchea Press