ADB supports Cambodia to improve public service delivery
The Asian Development Bank (ADB) on October 20 decided to provide a 30 million USD loan to support effective and efficient public service delivery and inclusive growth in Cambodia.
The program will increase the availability and efficiency of public services in Cambodia, including services for poor and vulnerable groups (Photo: adb.org)
Phnom Penh (VNA)🅰 - The Asian Development Bank (ADB) on October 20 decided to provide a 30 million USD loan to support effective and efficient public service delivery and inclusive growth in Cambodia, said an ADB’s press release.
The loan will fund sub-programme 1 of the Strengthening Public Financial Management Programme (SPFMP), which supports the implementation of stage 3 of the four-stage Cambodian Government’s Public Financial Management Reform Programme, it added.
The programme will increase the availability and efficiency of public services in Cambodia, including services for poor and vulnerable groups, by strengthening public expenditure and revenue management and linking budgets more closely with government development policy, said ADB Country Director in Cambodia Samiuela Tukuafu.
“Better public financial management will create additional room in the government’s budget and help allocate budget resources more efficiently to promote inclusive growth and reduce poverty,” he said.
The programme will help improve the efficiency, effectiveness and accountability of public expenditure and revenue management in three ways. Policy and regulatory frameworks will be strengthened for expenditure and revenue management led by the Ministry of Economy and Finance. Capacity at selected line ministries will be enhanced to implement budgeting and expenditure management reforms. Finally, the capacity of the National Audit Authority for external audit functions will be improved.
ADB plans to fund 880 million USD for Cambodia’s socio-economic development projects in 2016-2018.-VNA
Cambodian Minister of Agriculture, Forestry and Fisheries Veng Sakhun has called on the EU to continue supporting his country’s agriculture while expanding market for more Cambodian exports.
The Asian Development Bank (ADB) has agreed to provide a 250 million USD loan for the Cambodian Ministry of Water Resources and Meteorology to develop agriculture.
Japan will continue to provide assistance for Cambodia in the fields of infrastructure, food, mine and bomb removal and human resources development, local media reported.
The Japanese Government has agreed to provide a non-refundable aid package worth 3.206 billion JPY (equivalent to 30 million USD) for the Cambodian Royal Government.
The Republic of Korea (RoK), China and Japan agreed on May 3 to reinforce the regional financial safety net, along with members of the Association of Southeast Asian Nations (ASEAN), by launching a new financing facility programme meant to extend greater support in case of a financial crisis.
A technical issue combined with an extreme heatwave was blamed for a series of explosions at a military base that killed 20 soldiers and injured several others in Cambodia on April 27, the country’s Ministry of Defence said in a May 2 statement as reported by the Xinhua news agency.
The Customs Department of Thailand is scheduled to commence the collection of value-added tax (VAT) on imported goods sent via postal services, regardless of the goods value, starting in May.
A lecturer from Chulalongkorn University’s Faculty of Medicine has warned Thais to be more vigilant against COVID-19, saying infection rates appeare to be worsening with higher hospital admissions, deaths and severe cases.
Malaysia should harness the collective expertise and resources to drive sustainable growth and development of the halal industry, according to Minister of Investment, Trade and Industry Zafrul Abdul Aziz.
Laos has officially restored the 10% value-added tax (VAT) rate starting May 1, in a bid to support the country’s budget revenue and socio-economic development.
The ASEAN Future Forum 2024 (AFF 2024) entered its second plenary session in Hanoi on the afternoon of April 23, discussing ways to ensure comprehensive security for the people-centred ASEAN Community.
The first session of the ASEAN Future Forum 2024 (AFF 2024) in Hanoi on April 23 focused on fast and sustainable growth for the Association of Southeast Asian Nations (ASEAN).
The Canada-ASEAN Business Council (CABC) and the ASEAN Alliance on Carbon Markets (AACM) have signed a Memorandum of Understanding (MoU) to strengthen collaboration and accelerate the implementation of carbon crediting programmes across Southeast Asia.
ASEAN Secretary-General Kao Kim Hourn reaffirmed ASEAN leaders' commitment to empowering the youth to unleash their full potential when he had a dialogue with ASEAN youth in Hanoi on April 22 on the sidelines of the ASEAN Future Forum (AF 2024).
The Thai Government is being urged to increase the proportion of renewable power generation to more than the target of 50% set in the power development plan (PDP).
The Centre for Volcanology and Geological Hazard Mitigation (PVMBG) of Indonesia on April 21 lifted its tsunami advisory issued previously following the eruption of Mount Ruang in Sitaro district of North Sulawesi province.
Thailand expects to export about 1 million tonnes of durian, valued at an estimated 130 billion THB (3.53 billion USD) this year, with most of the shipments to China, according to Minister of Agriculture Thammanat Prompao.
The 72nd meeting of the ASEAN Working Group on Intellectual Property Cooperation (AWGIPC) and related meetings are being held by the Ministry of Science and Technology’s Intellectual Property Office (IPO) of Vietnam in the central city of Da Nang on April 22-26.
Enhancing regional food security and tackling the pressing challenges of climate change will be key agendas defining Malaysia’s ASEAN Chairmanship in 2025, Speaker of the Dewan Rakyat (lower house) Johari Abdul told the press on April 19.
The program will increase the availability and efficiency of public services in Cambodia, including services for poor and vulnerable groups (Photo: adb.org)
