Cambodia announces public debt figures following Prime Minister Hun Sen's economic forecast.

The report stated that Cambodia's public debt comprises 67% from bilateral development partners, 33% from multilateral development partners, and 0.41% from domestic debt, according to the Khmer Times .

In January, The Phnom Penh Post, citing data from the respective websites of the International Monetary Fund (IMF) and the World Bank (WB), reported that Cambodia's GDP in 2021 was $26.313 trillion and $26.961 trillion, respectively.

Prime Minister Hun Sen recently stated that Cambodia is on track to escape its least developed country (LDC) status by 2027.

Screenshot from The Phnom Penh Post

The Cambodian Ministry of Economy and Finance stated that preliminary results from the Debt Sustainability Analysis indicate that, despite being affected by Covid-19 and other external factors, Cambodia's public debt situation continues to remain at a "sustainable" level.

Earlier, speaking at a graduation ceremony for students of the Royal University of Law and Economics in Phnom Penh on June 5, Prime Minister Hun Sen said that Cambodia is on track to move out of least developed country (LDC) status by 2027 and become an upper-middle-income country by 2030, according to Khmer Times .

At the time, Prime Minister Hun Sen stated that once the above goal was achieved, Cambodia would certainly lose its preferential access to concessional loans from developing partners.

Prime Minister Hun Sen added that he had spoken with developing partners, including China, South Korea, and Japan, about maintaining concessional loans for Cambodia after it becomes an upper-middle-income country by 2030, according to the Khmer Times .

Source link: https://thanhnien.vn/campuchia-cong-bo-no-cong-sau-du-doan-kinh-te-cua-thu-tuong-hun-sen-185230615204125832.htm