Cambodia Investment Review
Australia reinforced its commitment to supporting Cambodia’s economic resilience by hosting a high-level workshop on February 20, 2025, focusing on strategies to diversify the Kingdom’s economy. The workshop, organized under the Cambodia Australia Partnership for Resilient Economic Development (CAPRED), brought together senior Cambodian officials, international experts, and development partners to discuss pathways for sustainable growth.
Prominent Figures Lead Economic Dialogue
The event featured Professor Ricardo Hausmann, founder and director of Harvard’s Growth Lab, renowned for his expertise in Growth Diagnostics and Economic Complexity methodologies. His insights provided a global perspective on economic diversification and the tools necessary to drive sustainable development.
Presiding over the discussions were:
- H.E. Sun Chanthol, Deputy Prime Minister and First Vice Chairman of the Council for the Development of Cambodia
- H.E. Vongsey Vissoth, Permanent Deputy Prime Minister in Charge of the Office of the Council of Ministers
- H.E. Derek Yip, Australian Ambassador to Cambodia
Additionally, representatives from the Office of the Council of Ministers, various government ministries, and international development partners participated, highlighting the workshop’s broad engagement across key economic stakeholders.
Australia’s Commitment to Cambodia’s Economic Resilience
The workshop emphasized Australia’s long-term commitment to fostering strategic policy dialogues that strengthen Cambodia’s economic future. Through CAPRED, Australia aims to support inclusive and sustainable growth, enabling Cambodia to navigate global economic shifts and enhance its competitiveness.
Exploring Growth Strategies for a Stronger Future
Discussions centered on economic diversification, leveraging Cambodia’s comparative advantages, and implementing policies that can attract new investments and industries. With the Kingdom’s economy evolving, such engagements serve as a crucial step toward building resilience against external shocks and fostering long-term prosperity.
For further insights into Professor Ricardo Hausmann’s research and Harvard’s Growth Lab, visit:
🔗 Harvard Growth Lab
🔗 Professor Ricardo Hausmann’s Profile
To learn more about CAPRED and its initiatives in Cambodia, visit:
🔗 CAPRED Website
