Phnom Penh: The Council for the Development of Cambodia (CDC) has initiated steps to align with the World Bank’s Logistics Performance Index (LPI) as part of its strategy to enhance the logistics sector in Cambodia, aiming to establish the country as a potential and competitive logistics hub in the region.

According to Agence Kampuchea Presse, a significant meeting took place on February 4 at the CDC, co-chaired by H.E. Sun Chanthol, Deputy Prime Minister and CDC First Vice President, along with H.E. Ms. Tania Meyer, the World Bank’s Country Manager for Cambodia. The meeting convened key government officials and World Bank representatives to review and discuss the methodology and procedures involved in collecting data for the LPI.

The World Bank experts presented the methodology and procedures for collecting data needed to assess the LPI. The LPI comprises six indicators, which include the efficiency of customs and border management clearance, quality of trade and transport infrastructure, ease of arranging competitively priced shipments, competence and quality of logistics services, ability to track and trace consignments, and the frequency of on-time deliveries.

H.E. Sun Chanthol emphasized the need for further explanations from the World Bank experts to help the Royal Government of Cambodia establish relevant frameworks and policies aligning with global LPI trends. He also urged all stakeholders to continue their collaboration and sought support from the World Bank in advancing Cambodia’s logistics sector.

H.E. Ms. Tania Meyer reiterated her strong commitment to collaborating with the Royal Government to promote Cambodia as a logistics hub with significant potential and competitiveness in the region.