SIEM REAP: Economy ministers of Cambodia, Laos, Myanmar and Vietnam (CLMV) have approved a joint action plan 2023-2024 aimed at boosting economic recovery after Covid-19, Cambodian officials said on Saturday said to
Participants pose for a group photo during the opening ceremony of the 54th ASEAN Economic Ministers’ Meeting and related meetings held in Siem Reap, Cambodia, Wednesday, 14 September 2022.
The approval was made at the 14th CLMV Economic Ministers’ Meeting in Siem Reap province in northwestern Cambodia on Friday, on the sidelines of the 54th ASEAN Economic Ministers’ Meeting.
“The Ministers announced the CLMV Action Plan 2023-2024, which consists of six areas: trade and investment cooperation, digital economy, implementation of regional commitments, pandemic recovery plan, implementation plan of the framework for CLMV development, and human resource development. “Ministers have asked senior economic officials to monitor the activities to ensure timely and effective implementation,” Peng Sovichet, undersecretary of state and spokesman for Cambodia’s Ministry of Commerce, told Xinhua News Agency. instructed,” he added.
Sobichit said ministers have also approved an implementation plan for a framework for CLMV development to help CLMV achieve Vision 2030 to become a sustainable upper-middle-income economy by 2030.
“The implementation plan will run until 2030 and is designed to be implemented in two phases: Phase 1 (2023-2026) and Phase 2 (2027-2030),” he said.
He said the implementation plan seeks synergies and complementarities with existing national, subregional and regional external technical assistance and cooperation programs with development partners, the private sector and donor organizations. rice field.
“The ministers look forward to continued cooperation in narrowing the regional development gap,” he said.
According to a joint media statement released after the conference, the total value of CLMV commodity transactions in 2021 will reach $748.9 billion, up 20% from 2020.