27th ASEAN+3 Bond Market Regional Forum held in Phnom Penh
This event, held last 1-2 February, aimed to create awareness of Cambodia's bond market development and to discuss issues related to bond market development in ASEAN+3. It was jointly organized by ADB, the Securities Exchange Commission of Cambodia, and Cambodia Securities Exchange. ADB Country Director for Cambodia Samiuela Tukuafu delivered the opening remarks to more than 100 local and international participants. The Cambodia and Myanmar Bond Market Guides, jointly prepared through collective efforts of ADB and the respective authorities, were also launched.
Cambodia and ADB sign three project loan agreements
Senior Minister and ADB Governor Aun Pornmoniroth and ADB Country Director for Cambodia Samiuela Tukuafu signed 3 loan and grant agreements amounting to $180 million for the following projects:
- Road Network Improvement Project - involves 147 km of roads in support of national efforts to make the transport sector more efficient, safe, and disaster resilient.
- Provincial Water Supply and Sanitation Project - to help expand and improve urban water supply and sanitation services;
- Tonle Sap Poverty Reduction and Smallholder Development Project - to further improve agriculture productivity and diversify Tonle Sap Basin’s economy. This will benefit smallholder farmers through initiatives that cater to the needs of local communities and address issues of low productivity, weak value chains, and high vulnerability to climate change.
Minister Pornmoniroth acknowledged the strong and enduring partnership between ADB and Cambodia. He also recognized the valuable contribution that ADB has made to reducing poverty and helping the government achieve its goal of long-term and sustainable economic growth. Mr. Tukuafu thanked the government and co-financing development partners and said ADB looks forward to the successful implementation of all 3 projects for the benefit of the Cambodian people. Watch video
Draft Public-Private Partnership (PPP) Procurement Manual Discussed at Consultation Workshop
CARM Senior Country Economist Jan Hansen and Director General Pen Thirong (International Cooperation and Debt Management, Ministry of Economy and Finance) welcomed 80 participants from government, development partners and private sector to a consultation workshop on the draft procurement manual for public private partnerships. The Ministry of Economy and Finance (MEF) prepared the manual with technical assistance from ADB. Mr. Hansen highlighted the importance of due diligence, competitiveness, transparency and accountability in procurement to maximize value for money of public investments implemented as PPPs.
CARM Briefed Students from the National University of Singapore on its operation
ADB Country Director for Cambodia Samiuela Tukuafu welcomed a group of students from the National University of Singapore. They visited Cambodia on a study trip to understand the diverse socioeconomic and cultural environments of new and fast-evolving regions, and to enhance their readiness for entry into the global job market. The Country Director explained ADB’s operations in Cambodia. Senior CARM staff Januar Hakim, Chanthou Hem and Piseth Long explained ADB’s assistance in the economic and social development of Cambodia, particularly in the areas of agriculture and natural resources, rural and urban development, transport, and education and skills development.
Workshop on ADB's Country Partnership Strategy 2014-2018, Government of Cambodia's Rectangular Strategy Phase III
On 11 December, a workshop was held to evaluate: (1) ADB's Country Partnership Strategy (CPS) 2014-2018, and (2) the government's Rectangular Strategy for Growth, Employment, Equity and Efficiency Phase III (2014-2018), and its short and medium-term priorities for the future.
ADB's Cambodia Resident Mission (CARM) Country Director Samiuela Tukuafu, welcomed Vongsey Vissoth (Secretary of State for Economy and Finance) and his team and acknowledged the more than 50 years partnership between ADB and the government. Country Director Tukuafu said these discussions came at an opportune time for CARM to evaluate the current CPS and prepare the next CPS after consultations with all major stakeholders. Watch video
ADB's future CPS, he said, will be aligned with government's objectives and strategies and ADB's operational priorities. In response, Secretary of State Vissoth thanked ADB for hosting this important workshop as the government prepared its strategic socio-economic agenda for the next five years with its vision for 2030, and its invaluable assistance to Cambodia.
Field visit to schools built through ADB's support for ethnic minority and disadvantaged provinces
ADB Cambodia Resident Mission (CARM) Country Director Samiuela Tukuafu accompanied by Thong Borann, Undersecretary of State, Ministry of Education, Youth and Sport, together with other government officials and senior staff of CARM, on 28-29 Novembervisited secondary schools built with ADB assistance in three disadvantaged provinces of Preah Vihear, Stung Treng and Rattanakiri. These provinces which border Thailand, Lao PDR and Viet Nam are where several ethnic minority groups live. Mr. Tukuafu explained ADB’s role in Cambodia’s economic and social development and how ADB is working alongside the government to increase ethnic minority access to education, target gender parity and focus more on skills development to better equip students to join the workforce.
Cambodia–Lao PDR Regional Workshop on Central Mekong Corridor Strategy
ADB Country Director for Cambodia Samiuela Tukuafu, Suon Rachanna (Secretary of State, Ministry of Public Work and Transport, Cambodia) and Vilaykham Posalath (Vice-Minister, Ministry of Public Works and Transport, Lao PDR) opened a two-day Cambodia–Lao PDR regional workshop in Phnom Penh. More than 80 delegates from line ministries, provincial and town government leaders and officials of both countries participated to discuss the GMS Central Mekong corridor strategy and local economic development. Country Director Tukuafu emphasized ADB’s strong support to regional integration and the need to further enhance regional connectivity between the two countries.
ADB staff discuss integrity, due diligence and respect in the workplace
Cambodia Resident Mission staff, consultants, and contractors, on 21 November, participated in a refresher training provided by staff of the Office of Anticorruption and Integrity (OAI). The training was aimed at preventing and detecting early signs of fraud and corruption in ADB operations. OAI staff shared tools and case studies on conducting due diligence for effective project implementation, operational efficiency and development effectiveness. The role of the Respectful Workplace Unit was explained, followed by a Q&A session and individual consultations.
Draft Report on Progress of Fiscal Decentralization Reform in Cambodia Discussed
ADB Cambodia Resident Mission (CARM) Country Director Samiuela Tukuafu, co-chaired a consultative meeting with Ngan Chamroeun (Under Secretary of State, Ministry of Interior, and Deputy Executive Head of the National Committee for Sub-national Democratic Development Secretariat). They discussed a draft report on the progress of fiscal decentralization reform in Cambodia over the past decade and opportunities for further reforms. The draft report, prepared by CARM staff, will be disseminated this year. Forty government officials from the Ministry of Economy and Finance and other line ministries attended the meeting.
Regional Conference on Community-based disaster risk management and adaptation held in Cambodia
Nearly 170 participants, including representatives from the region and 18 senior government representatives from Zambia (participants in a South-to-South program), gathered in Siem Reap on 3 and 4 October for a regional conference supported by the Pilot Program for Climate Resilience. Participants shared experiences in using community-based approach to disaster risk management and adaptation and discussed approaches for vulnerability assessment, financing options, and early warning systems to enhance sustainability of initiatives on community based disaster risk management and adaptation. Samiuela Tukuafu, ADB Country Director for Cambodia, in his opening remarks, stressed the need for inclusive partnerships with communities in addressing the root causes of disaster risks and vulnerability to climate change.