Cambodia lacks skilled workforce

Against the backdrop of the slight recovery by world economies, especially the US and Europe, two traditional markets for Cambodia, Asian Development Bank (ADB) deputy country director Peter Brimble sat down with the Post’s group business editor, May Kunmakara, to talk about Cambodia’s economic performance, new resolutions and challenges, and how ADB is involved. … Last year, Cambodia faced very sluggish growth in the US and the European Union, which are two of its main export markets. So we were concerned that growth would be lower than anticipated. … We see three key areas in addition to challenges in electricity supply and basic infrastructure. The first of these three challenges is skills development. There’s no question that the increasing demand for higher skill levels, even in the garment sector, will create a shortage of skilled workers. This is a key area. … the International Monetary Fund issued its Article IV report for Cambodia. In that report, the IMF upgraded Cambodia from medium-risk to low-risk in terms of debt management. …

http://www.phnompenhpost.com/2013011160733/CEO-Talk/cambodia-lacks-skilled-workforce.html