Arab Today, arab today imf chief cambodia needs to invest more in education infrastructure
Last Updated : GMT 23:17:30
Arab Today, arab today
Arab Today, arab today

IMF chief: Cambodia needs to invest more in education, infrastructure

Arab Today, arab today

Arab Today, arab today IMF chief: Cambodia needs to invest more in education, infrastructure

Phnom Penh - XINHUA

The International Monetary Fund (IMF) Managing Director Christine Lagarde said Tuesday that Cambodia needs to invest more in education and physical infrastructure in order to lay the foundation for future success. "Laying the foundation for future success must begin with education. As you all know so well, education is the stepping stone to a better world," she said during a lecture to about 300 students at the Royal School of Administration here. "Through education, we take a candle and we enlighten the entire country, the entire region, and the entire world." Lagarde said Cambodia was at the cusp of a great change--moving from agriculture to industry, from farm to city. "Cambodia is a youthful country with a third of the population under the age of 14. It is the young people who must manage this change, and they must be given the opportunity to acquire the skills and knowledge they need," she said. While there has been good progress, Cambodia is still being held back by low levels of education and by inadequate skills, she said, noting that spending on education is still only 2.5 percent, or 335 million U.S. dollars, of the GDP. "Every young person in Cambodia deserves the chance to achieve their true potential--and in turn, the potential of the economy," she said. However, investing in the future did not end with education, she said, stressing that Cambodia needed investment in infrastructure--especially in power facilities, roads, and bridges. "It needs greater economic diversification, including through rural development and stronger institutions and governance," she said. "Also, it needs a better business climate, based on impartiality and predictability." Meanwhile, Lagarde hailed the Southeast Asian nation for strong economic growth of around 8 percent over the past decade and said the IMF predicted that the country's growth was expected around 7 percent this year and next. "Cambodia's performance is driven by its openness to the world, " she said, noting that the country has seen strong increases in garment exports, foreign direct investment, and tourism. Lagarde arrived here on Sunday evening for a two-day visit. Cambodia was her first leg of a tour to three Asian nations, which will also take her to South Korea and Myanmar, according to an IMF press release. During in Cambodia, she had met with Cambodian King Norodom Sihamoni, Prime Minister Hun Sen, Finance Minister Aun Porn Moniroth, think-tank representatives, women leaders, and business people as well as civil society organization representatives.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today imf chief cambodia needs to invest more in education infrastructure Arab Today, arab today imf chief cambodia needs to invest more in education infrastructure

 



Arab Today, arab today
Arab Today, arab today Fadi Kataya explains secrets of  Nancy Ajram's newlook
Arab Today, arab today Messi visit will contribute in tourism

GMT 14:04 2017 Friday ,24 February

Messi visit will contribute in tourism
Arab Today, arab today Expresses Algerian history by woody figures

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures
Arab Today, arab today Mental conflict endures

GMT 07:36 2017 Friday ,24 February

Mental conflict endures

GMT 21:36 2017 Wednesday ,22 February

Opec needs to prolong cuts to eliminate surplus

GMT 16:32 2017 Wednesday ,22 February

US Treasury chief tells IMF to monitor currencies

GMT 16:08 2017 Wednesday ,22 February

Qatari banks merger to rebalance financial sector

GMT 05:57 2017 Wednesday ,22 February

Britain risks clash with EU over RBS bailout

GMT 05:26 2017 Wednesday ,22 February

Singapore carbon tax would hit refiners, help renewables

GMT 05:18 2017 Wednesday ,22 February

Chinese PM: US should avoid ‘trade war,’

GMT 20:59 2017 Tuesday ,21 February

Economy good, but homes in German cities overpriced
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Reading therapy relieves mental disorders

GMT 15:39 2017 Friday ,24 February

Reading therapy relieves mental disorders
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Wafaa Amer is happy for Sherihan’s return

GMT 07:36 2017 Wednesday ,22 February

Wafaa Amer is happy for Sherihan’s return
Arab Today, arab today Milan laughs while Rome cries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 05:19 2017 Tuesday ,21 February

Salma Rashid happy for 'A Whisper of Love'

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives heritage in jewelries

GMT 15:53 2017 Tuesday ,21 February

Small ponds have outsized impact

GMT 20:33 2017 Friday ,17 February

To release new antiques collection

GMT 07:51 2017 Wednesday ,22 February

Mom's immune system accepts babies

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 20:02 2017 Tuesday ,21 February

Nohan Seyam designs beautiful accessories
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday