Recognizing that the real economic growth necessary to achieve the country’s developmental goals lies in the development of a healthy private sector, the government undertook a program of reform to promote private sector investment. As part of this reform program, the Law on Foreign Investment in the Kingdom of Cambodia of 1994 established the Council for the Development of Cambodia (CDC). This law made the CDC the highest decision-making level of the government for private and public sector investment. It is chaired by the Prime Minister and composed of senior ministers from related government agencies.
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