ADB’s New Country Partnership Strategy and the National Pentagonal Strategy

The Asian Development Bank (ADB) has introduced a new Country Partnership Strategy (CPS) for Cambodia for 2024–2028. This strategy aligns with Cambodia’s first phase of the national Pentagonal Strategy, focusing on sustainable, inclusive, and resilient economic growth. The ADB strategy aims to support Cambodia in key areas such as:

Economic Diversification: Enhancing private sector-led growth by improving infrastructure and creating a business-friendly environment.

Human Development: Ensuring access to quality services in education, healthcare, and sanitation.

Climate Resilience: Promoting climate adaptation and renewable energy projects.

Governance and Digitalization: Strengthening institutional capacity and advancing digital services.

Regional Cooperation: Deepening integration and cooperation within the region.

Contribution to the National Pentagonal Strategy

The Pentagonal Strategy’s first phase focuses on strengthening the foundations of Cambodia’s socio-economic development. ADB’s CPS contributes to this by:

• Accelerating Economic Diversification: By fostering a business-friendly environment and enhancing infrastructure, ADB supports the strategy’s goal of diversifying the economy beyond traditional sectors.
• Advancing Human Development: ADB’s focus on inclusive access to education, healthcare, and sanitation aligns with the strategy’s emphasis on human capital development.
• Enhancing Climate Resilience: The CPS’s commitment to climate resilience and renewable energy initiatives supports the strategy’s environmental sustainability objectives.
• Improving Governance and Digitalization: By enhancing institutional capacity and promoting digital governance, ADB aids in achieving effective and accountable governance as outlined in the strategy.
• Promoting Regional Integration: ADB’s efforts in deepening regional cooperation and integration resonate with the strategy’s aim to strengthen Cambodia’s regional and international partnerships.

Conclusion

The ADB’s new CPS is set to play a crucial role in advancing Cambodia’s national development goals under the Pentagonal Strategy. By focusing on economic diversification, human development, climate resilience, governance, and regional cooperation, ADB’s strategy is poised to support Cambodia in its journey towards sustainable and inclusive growth.

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For more details, you can read the full announcement on ADB’s website here.