Sustainable Tourism Development and Ocean Health are the Core Topics of Annual Meeting of ADB, Cambodia Requests ADB to Finance on the Main Investment Projects

Sustainable Tourism Development and Ocean Health are the Core Topics of Annual Meeting of ADB, Cambodia Requests ADB to Finance on the Main Investment Projects

(Fiji): The meeting of the 52nd Council of Governor, or Annual Meeting of Asia Development Bank (ADB), which was held from 02 – 05 May 2019, in Nadi, Fiji, had been successfully closed as scheduled to accomplish prosperity, inclusiveness, resilience, and sustainability for Asia Pacific region. Mr. Vongsy Visoth, Secretary of State of the Ministry of Economy and Finance and as Cambodian citing governor to Asia Development Bank, attended in leading the meeting in name of Cambodia, which was assigned as Vice – president of Council of Governor Meeting. The annual meeting, as well as previous times, the meeting discussed on topics covering on numerous fields such as: operations of ADB; but among the topics of these meetings, the matters in terms of sustainable tourism development and ocean health have become the core topics for the annual meeting 2019.

Please note that tourism has been playing a crucial role in boosting economic growth and jobs creation. Obviously, the arrival of international visitors to Asia Pacific region have increased about 350 million of tourists in the last 2018 – double increase, if compared to 2005. At the same time, the people in Asia also departed out more and more by having increasing of people in middle class along with development of the concerned infrastructures serving for tourism. As onward perspective, especially in the context of industrial revolution 4 with the utilization of Robot and Artifice Intellectual (AI), tourism sector will become a field mobilizing the most human. In this regards, the whole region needs to continue encouraging sustainable tourism development throughout further investments in human resource development and skills in serve for tourism with the consideration on environmental sustainability, cultural heritages, and local communities. Particularly, the matter of ocean environment also needs to be focused by the oceans are facing a stronger threats from other factors – especially flowing bad water and plastics into the Seas. By prediction, if no measures taken to the threats will result in 90% of coral reefs in the entire region get lost by 2050, and the Sea resources are also strongly devastated; hence, all the nations need to take part in the ocean health preservation for planet. To provide the support for this mission, ADB pledges to increase financial provision and its technical assistances to member nations up to USD 5 billion in 2024. In a speech, recorded as logs of Annual Meeting of the 52nd Council of Governor of ADB, Mr. Vongsy Visoth, Secretary of State of the Ministry of Economy and Finance and as Citing Governor of Cambodia, who had led Cambodian delegations to attend the meeting, cited about prosperity on all the fields Cambodia accomplished in previous times by underlining the main economic indicators during the last 5 years. Mr. Secretary of State also rose about progress, remarkable made in gathering fiscal revenue which makes the royal government has more ability in increasing expense on priority sectors, and enhancing efficiency and economic productivity. Otherwise, he also highlighted about priority of major policies of the royal government in the sixth mandate of national assembly in promoting the economic protocol and boosting Cambodian competitiveness. On the occasion of attending in the ADB’s the 52nd Council of Governor Meeting, Mr. Vongsy Visoth also met to discuss separately works with Mr. Takehiko Naao, Chairman of ADB. Within the talk, he highly valued on cooperation and friendly and honestly partnership between the Cambodian royal government and ADB – especially the accomplishment on the partnership strategic frameworks for Cambodian development 2019 – 2023. Mr. Vongsy Visoth also requested ADB to help preparing investment frameworks for developing the major sectors such as: power, skills, urban infrastructures, and financial technological sector. Along with this, he also asked ADB to finance for investment projects with a big amount of money, as well as to advance quality of projects in response to demand of Cambodian development in the new stage.

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