Strategic approach needed to foster sustainable growth: UNCDF

18:51, July 01, 2010      

Email | Print | Subscribe | Comments | Forum 

Cambodia can foster greater growth by introducing strategic approach, including tapping into significant yet unexploited potential, the United Nations Capital Development Fund (UNCDF) said on Thursday in a report.

In a press release delivered Thursday, the UNCDF said the report, however, pointed out that the country needs to have a more strategic approach to local development in order to take advantage of the potential and tackle the disparities still prominently present between its urban and rural areas.

The report Local Development Outlook Cambodia was officially launched at the Local Development Forum on Thursday, which was attended by senior government officials from national and sub-national levels, and representatives of UN agencies, Development Partners, academic institutions and civil society organizations.

The publication, the first of its kind, provides a comprehensive overview of local development trends in Cambodia and how decentralization and a national policy for local development could help realize potential for greater and more equitable development.

Cambodia's economic growth remains highly vulnerable to external shocks - such as the global financial crisis of last year - due to its narrow base and heavy concentration in few urban centers.

"Opportunities and challenges vary greatly across Cambodia. This calls for a deliberate policy for local development in rural, urban and cross-border areas," Nicola Crosta, chief technical adviser of UNCDF and the author of the report, said in his presentation at the forum.



  • Do you have anything to say?


Special Coverage
  • Premier Wen Jiabao visits Hungary, Britain, Germany
  • From drought to floods
Major headlines
Editor's Pick
  • Photo taken on Sept. 29, 2011 shows strong wind blows trees in Sanya, south China's Hainan Province. Typhoon Nesat heads towards south China and is moving at an average wind speed of 20 km per hour toward the west coast of China's Guangdong Province. (Xinhua/Hou Jiansen)
  • A fallen tree is seen on a road in Qionghai, south China's Hainan Province, Sept. 29, 2011. Typhoon Nesat was predicted to land in Hainan later Thursday, bringing heavy rainfalls to the island. (Xinhua/Meng Zhongde)
  • A man visits "Thy Word Is Truth, the Bible Ministry Exhibition of the Protestant Church in China", during its opening at Mount Vernon Place United Methodist Church in Washington DC, capital of the United States, Sept. 28, 2011. Through the Bible's various Chinese versions, ancient or modern, as well as pictures, paintings, calligraphy, art works and historical documents, the exhibition was expected to give an overall understanding of how Bible was brought into China, how it was translated, published, distributed and loved. (Xinhua/Zhang Jun)
  • A visitor passes by in the exhibition of Istanbul design week on Sept. 28, 2011 in Istanbul, Turkey. Istanbul design week will be hosting designers and design exhibitions from around the world in Istanbul from Sept 28 to Oct 2 with the participation of 25 countries. (Xinhua/Ma yan)
  • Red flag flies at the Jiuquan Satellite Launch Center in northwest China's Gansu Province, Sept. 28, 2011. A spokesperson with China's manned space program said Wednesday that fuel has been injected into the Long March-2FT1 carrier rocket in preparation for launching the Tiangong-1 space module Thursday evening as planned. (Xinhua/Wang Jianmin)
  • A militant loyal to the Libyan National Transitional Council (NTC) waves in a tank near Bani Walid, one of the pro-Muammar Gaddafi strongholds, on Sept. 28, 2011. (Xinhua/Hamza Turkia)
Hot Forum Discussion