1. SNEC adopted the IDP in May 2010.
2. SNEC has demonstrated significant progress in research and analytical capacity. SNEC has recently published two books (i) Public Finance in Cambodia (March 2009); and (ii) Cambodian Economy: Charting the Course of Brighter Future (November 2009).
SNEC prepares macroeconomic assessments periodically for informing the policy makers and the international development community including the Cambodia Economic Forum (CEF) where for example, SNEC's Permanent Vice Chairman made a presentation on the post crisis macroeconomic developments in the 4th Cambodia Economic Form held in February 2011. Similar presentations were made in the earlier CEFs as well.
SNEC's role in shaping the Government's policy agenda has increased significantly through preparing/reviewing the Prime Minister's speeches and statements, and providing inputs on economic policy and strategy provided by SNEC's senior officials to the Prime Minister's office, agencies of the Government, and development partners. SNEC's officials are also regularly consulted on policy issues concerning fiscal management, international development, finance and trade, agriculture development, infrastructure, decentralization, and international relations, regional cooperation, and industrial policy.
3. SNEC's capacity in policy-oriented research and analysis has been further deepened. Under the guidance of the Economic Policy Advisor, 6 research topics were completed focusing on the impacts of the global economic crisis on Cambodia, and to recommend remedial policy measures including those to prepare for future shocks. One of these studies focused in detail on assessing regional cooperation in mitigating adverse impacts of the global economic crisis. The quality of research has been consistently improving with some major research findings presented at the 4th CEF in February 2011.
In addition to the above research studies, a design of an economic database system, including content and accessibility features was completed. Also, a research topic covering the overall industrial development issues facing Cambodia was commenced in the first quarter of 2011. The study aims to come up with broad directions of needed changes in industrial development policy making, and considers explicitly the issue of regional connectivity and value chains as key elements of Cambodia's future competitiveness.
The TA has provided support to SNEC technical staff and management to further build their capacities through their participation in training courses and conferences inside and outside the country. Activities, which have been carried out thus far included:
(i) Local training (English training) for five staff;
(ii) Training abroad: Two staff attended a program on Commercial Fundamentals of the Upstream Oil and Gas Industry in Singapore; one staff attending a course on Innovation for Economic Development in the U.S; and one staff attended a conference held in Singapore on Joint Development and the South China Sea to acquire necessary high policy analytical skills for the development of Cambodia's oil and gas industry.
Additional high priority capacity strengthening activities to SNEC being carried out until the completion date of the TA include policy support to Cambodia's chairmanship of ASEAN, rice policy review, industrial policy strategy, and macroeconomic assessment as well as training on RMSM-X macro-model and a study tour planned to expose SNEC staff to regional experiences in industrial policy making to support the preparation of the industrial policy strategy.