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India is set to bring new development opportunities to Cambodia as it challenges China’s established influence in Southeast Asia, experts say.
Since launching in 2009, Wing has been largely on its own in the mobile money transfer market, opening thousands of payment kiosks across the country and benefitting from rapidly expanding base of mobile phone users.
Cambodia ranked 143rd out of 188 countries in the U.N.’s latest Human Development Index, a composite measure of development incorporating health, education and living standards, according to new figures released on Monday.
Rapidly aging populations in the region are expected to bring new economic opportunities and challenges in managing Cambodia’s young workforce, experts said in response to the World Bank’s report “Live Long and Prosper: Aging in East Asia and Pacific,” which was released on Wednesday.
Despite failing to meet many of the expectations of its foreign donors over the past two decades, Cambodia’s government has never struggled to secure aid from abroad.
Economists and development experts say that the predicted figures showing continued strong growth—often cited by the ruling CPP as evidence of their success governing the country—gloss over the need for Cambodia to build a more sustainable growth path.