Cambodia Reduces its Dependency on the US Dollar.
Infusions of riel banknotes and the introduction of digital currencies are helping extend the central bank’s control.
Cambodia’s COVID-19 Vaccine Boondoggle.
The tycoon-funded vaccine drive demonstrates the durability of the patronage state that Hun Sen has built since the 1980s. It also reveals its weaknesses.
Cambodia's economy is projected to bounce back and grow by 4 percent in 2021 after it has been hit hard by the COVID-19 pandemic this year, said a World Bank's press statement. Cambodia ranked 144th out of 189 countries and territories worldwide in the 2019 Human Development Index (HDI) with a two-point improvement compared to 2018. According to a report released by United Nations Development Programme (UNDP), Cambodia’s HDI value for 2019 stood at 0.594.
