Cambodia’s fast growth rate over the past few decades has contributed to a rise in income levels and a drastic reduction in poverty in the country. All major financial institutions such as the International Monetary Fund, World Bank and Asian Development Bank (ADB) forecast Cambodia’s GDP growth to stand at around 6.9 or 7 per cent in the near term. Cambodia will likely transition out of its least developed country status after 2025 if it can maintain this growth rate.
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