On the road to recovery – Cambodia’s economic outlook for 2021
COVID-19 has had profound socioeconomic impacts worldwide. In Cambodia, current predictions for 2020 is 4% contraction in the national gross domestic product (GDP) contrast with a prior forecast of 7% growth before the pandemic. However, the Development Outlook update published in September, by the Asian Development Bank expects the Cambodian economy to rebound with a 5.9% growth rate and a 1.8% inflation rate in 2021, placing it as the fifth fastest Southeast Asian economy. The enhancement of agricultural performance and increased volume of non-garment manufacturing exports are among explanatory factors.
The webinar will take place on the 1st December, at 3pm. In this webinar, our expert speakers will be sharing their latest findings and describing the expected road to recovery of the Cambodian economy for 2021. The webinar is limited to 100 live participants only. Please make sure to register early to guarantee your spot!
- Date: 01 December 2020 (Tuesday)
- Time: 3:00 pm Phnom Penh (GMT+7)
- Free of Charge
Ms Sunniya Durrani-Jamal - Country Director of Asian Development Bank (ADB)
Sunniya leads a capable ADB team to deliver a $1.8 billion portfolio of projects, investments and policy advisory services in Cambodia. She led the development of ADB’s Cambodia Country Partnership Strategy (2019-2023), and subsequently created special initiatives for infrastructure financing, women’s entrepreneurship, and technology enabled public services. Sunniya has devoted her career to social development, environment sustainability and education, working in over 23 countries. Within ADB, she has spearheaded the establishment of a carbon price for renewable energy projects, and strategies for increasing the share of female staff. In recognition of her services, Sunniya was awarded the Kabalikat award – the highest government award by the Technical Education and Skills Development Authority of the Government of the Philippines. She has a M.Sc in Economics from Quaid-i-Azam University, Pakistan and a MA in Economics from Sussex University, UK. Sunniya has two daughters and enjoys cycling in Phnom Penh.
Mr David Freedman - Country Economist of Asian Development Bank (ADB)
David heads the Economics, Strategy, and Planning Unit at ADB’s Cambodia Resident Mission. Before moving to Cambodia, he served as Country Economist in Timor-Leste, leading ADB’s support for poverty reduction, economic diversification, and regional integration. He also worked on private sector development in Papua New Guinea and other Pacific islands and supported ADB’s programs in the Pacific. David studied economics at the University of Nottingham, England, and the University of British Columbia, Canada. He was awarded Universitas-21, ESRC, and Law and Social Sciences scholarships for academic excellence and graduated with distinction. Originally from the United Kingdom, he was an ODI Fellow at the PNG Sustainable Development Program from 2011-2013 and has lived and worked in Papua New Guinea, Timor-Leste, Ecuador and the People’s Republic of China.
Mr Poullang Doung - Senior Economics Officer of Asian Development Bank (ADB)
Poullang joined ADB in 2009 and works on economic policy, macroeconomic monitoring, financial sector development, and non-sovereign operations. During 2015-2017 he took special leave from ADB and worked for Manulife, heading the corporate and institutional distribution channel for group life insurance. Before joining ADB he worked for the IFC/World Bank Group preparing, implementing and monitoring private sector development projects in Cambodia’s garment and agribusiness sectors. Poullang holds a Master of Public Administration from Georgia State University, USA and a Bachelor of Business Administration from the Faculty of Business, Phnom Penh. Poullang is a Fulbright scholar, and received a Faculty of Business scholarship for his Bachelor’s degree.
Moderator - Mr Tom Hesketh, Business Services Manager at EuroCham Cambodia
Tom is the Business Services Manager at EuroCham. where he manages the services team in the implementation of consulting projects, aimed at assisting European organisations invest, expand and establish operations in Cambodia. Prior to EuroCham, Tom was a Consultant at Emerging Markets Consulting (EMC), providing advisory services across multiple ASEAN countries. Before this, Tom worked as a Business Management Graduate Scheme entrant for BT Group Plc., and at Pfizer Pharmaceuticals as a Regulatory Strategist at the firms UK headquarters.