Cambodian Journalists Alliance Association

Business

A general view of Phnom Penh city from Tonle Sap on January 2, 2025. (CamboJA/ Pring Samrang)

Gov’t Prepares for Least Developed Country Exit Amid Job Loss, Economic Concerns

Cambodia is set to graduate from the United Nations’ Least Developed Countries (LDC) status in 2029, marking a significant achievement in its socio-economic progress. However, this transition brings challenges, including the withdrawal of key benefits such as preferential trade agreements and concessional financing. Experts have thus suggested that Cambodia reform to ensure sustainable growth.