Cambodia is a fast-growing, highly open economy, and just attained lower-middle-income status this year. The country’s strategic location, China’s changing trade patterns, and ongoing regional integration provide further opportunities. The good news is that government has taken important steps (for example, investing in the energy sector to reduce the cost of doing business and improving services in trade, payment, and business registration) that will help Cambodia capitalise on these opportunities. Nonetheless, further policy actions are needed to promote sustained and inclusive growth.
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