Published: 02-Jan-12
PHNOM PENH (Cambodia Herald) - Cambodia enters 2012 with high expectations for strong economic growth, Senate and commune elections, the chairmanship of ASEAN and possible membership of the UN security council.
The outlook for the New Year follows a year in which Cambodia made international headlines over its border conflict with Thailand and massive floods which left 250 people dead.
Border clashes between Cambodia and Thailand killed many people while the floods have caused an estimated $500 million in damages to crops and infrastructure.
In 2012, the Cambodian economy is expected to grow by around seven percent, buoyed by foreign investment in a country currently considered one the most attractive destinations in the region. Oil is expected to be flowing by the end of the year, raising questions about how effectively the government can manage energy resources.
At the same time, long-delayed Joint Border Committee talks between Cambodia and Thailand are expected to resume in February and Cambodia is scheduled to host summits of the Association of Southeast Asian Nations (ASEAN) in April and November.
Also looming is a decision by the United Nations General Assembly on Cambodia's bid to become one of the 15 non-permanent members of the UN security council.
Cambodia is also holding two important elections in 2012. Senate elections will be held on January 29 and commune elections on June 3.
All of these events are likely to focus international attention on Cambodia in 2012 amid hopes for stronger economic growth, peace with its neighbors and improved democracy.
1 comment:
I'm optimistic that Cambodia will overcome many challenges in the coming years. There is no one perfect solution to many problems. If focusing the negative aspect, Cambodia seems hopeless. Cambodia came along way. She is moving along and catching up. There is no way she's moving backward. Things will progress and improve. Given time, Cambodia as a whole will be cleaned, polish and shine. After 30 years of setback, it takes some times to get back on track. Slowly but surely, that's for sure.
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