ADB helps strengthen Cambodia's Disaster Risk Management
Led by Nhim Vanda, Senior Minister and Chairman of the National Committee for Disaster Management, over 120 participants discussed progress on a draft plan to better prepare communities for natural disasters. In welcoming remarks, ADB Country Director Samiuela Tukuafu explained the objectives of a joint ADB and Japan Fund for Poverty Reduction project to support national efforts to manage disaster risks and build capacity for disaster preparedness and response. The joint project will also help implement a Community Disaster Risk Reduction and Climate Change Adaptation program.
Cambodia’s Financial Sector Development Strategy 2016-2025 Launched
ADB Cambodia Resident Mission Country Director Samiuela Tukuafu on 15 June delivered the welcome remarks at the launch of Cambodia’s latest Financial Sector Development Strategy (FSDS) 2016-2025. The event was jointly officiated by Aun Pornmoniroth, Senior Minister and Minister for Economy and Finance, and Governor to the ADB and Chea Chanto, Governor of the National Bank of Cambodia. Senior Minister Pornmoniroth expressed appreciation for ADB's continuous support to financial sector development and acknowledged the successful partnership between Cambodia and ADB. ADB has led financial sector development in Cambodia since 1999 and has provided four program loans to this sector since 2001. Cambodia's first 10-year financial sector blueprint 2001–2010, was updated every five years as the rolling 10-year FSDS, providing the long-term vision, objectives and framework to guide Cambodia in rebuilding and developing its financial sector. Watch video (in Khmer)
Cambodia: Enhanced Project Development using PPP Procurement Discussed at Workshop
ADB Country Director Samiuela Tukuafu on 8 June joined senior government officials to deliver welcoming remarks, highlighting ADB’s multi-year support for the government to develop a policy, legal and institutional framework for public private partnerships (PPP). More than 50 participants from government ministries and agencies, and ADB staff discussed basic principles covering PPP procurement, differences between solicited and unsolicited proposals, government responsibilities and the processes involved in the preparation and transaction of PPP projects with some international case studies shared. The staff from ADB's OPPP explained the services that they can provide and how the government can access resources from the Asia Pacific Project Preparation Facility.
ADB, Ambassador of Japan to Cambodia visit Viet Nam border crossing
ADB's Cambodia Resident Mission (CARM) Country Director Samiuela Tukuafu and Ambassador of Japan to Cambodia Hidehisa Horinouchi on Friday 19 May, joined the Minister Attached to the Prime Minister Sok Chenda Sophea, who is also Secretary General of the Council for the Development of Cambodia, in a visit to Bavet Industrial Park. The visit provided first hand insight to the interests of the foreign companies investing in this special economic zone, their needs relating to infrastructure (transport, energy, water and sanitation), and skills development. The party travelled through the Southern Economic Corridor Highway and visited the cross-border facility between Cambodia and Viet Nam. Both were financed by ADB under the Greater Mekong Sub-region (GMS) Program. Read news | Watch video (in Khmer)
Key government ministers participate in Cambodia's 2017 country programming consultations
ADB's Cambodia Resident Mission (CARM) concluded country programming 2017 consultations at a wrap-up meeting on 28 April, co-chaired by CARM Country Director Samiuela Tukuafu, and attended by about 50 senior officials from the government and ADB. Mr. Tukuafu led an ADB team in high-level consultations with ministers from the key ministries of agriculture, forestry and fisheries; education, youth and sports; public works and transport; water resources and meteorology; rural development; and industry and handicraft. The government endorsed the pipeline for 2018-2020, lending modalities and programmatic approach in key country partnership strategy sectors. The ADB programming mission also met with development partners and civil society organizations.
ADB-funded offices handed over to district officials in Cambodia
Cambodai's Deputy Prime Minister and Minister of Interior Sar Kheng presided over a ceremony on 27 April to hand over 34 district administration offices and meeting halls to district councilors and officials in Kampong Chhnang province. The facilities, funded under ADB’s Decentralized Public Service and Financial Management Sector Development Project, will provide district councilors and officials with basic office space, meeting areas for local citizens and a place to deliver general public services. ADB Cambodia Resident Mission's Senior Portfolio Management Specialist Januar Hakim highlighted the important role of subnational administrations in interfacing with local citizens and improving delivery of public services.
Cambodia country programming consultations 2017 commence
ADB's Cambodia Resident Mission (CARM) Country Director Samiuela Tukuafu, at a kick-off country programming meeting on 19 April, explained ADB's plan to scale up operations beginning in 2017 using the appropriate lending modality; the transition from loan approval to commitment supported by timely project readiness; and increased delegation of portfolio administration to resident missions. The co-chair from the Ministry of Economy and Finance provided broad guidance on the country programming meeting consultation process, which will involve line ministries, development partners, and civil society. Around 50 senior officials from the government and senior ADB staff from headquarters and CARM attended. A joint wrap up meeting will be held on 28 April.
Cambodia: Launch of 2017 Asian Development Outlook
ADB's Cambodia Resident Mission (CARM) Country Director Samiuela Tukuafu led the launch of ADO 2017 in Phnom Penh on 6 April. CARM Senior Country Economist Jan Hansen made a presentation on Cambodia's macroeconomic performance in 2016 and outlook for 2017, followed by a Q&A session. Economic growth is projected at 7.1% in the next two years, driven by higher growth in major industrial countries and rising government expenditure. Around 25 print media, online media, and TVs attended the press conference.
VP van Wees speaks at regional public debt management forum
Vongsey Vissoth, Cambodia Secretary of State, Ministry of Economy and Finance, also ADB Alternate Governor, and ADB Vice-President Ingrid van Wees delivered keynote addresses at the 2017 Asian -Regional Public Debt Management Forum on 4 April in Siem Reap. In her remarks, VP van Wees highlighted the current challenges for debt managers, and ADB's role in development of local currency bond markets and in promoting growth in Asia and the Pacific over the last 50 years. More than 120 finance ministry and central bank representatives from 37 governments and IFIs attended the event. ADB Treasurer Pierre Van Peteghem delivered the closing remarks.
Sustained inclusive economic growth discussed at youth forum
Cambodia Resident Mission Senior Country Economist Jan Hansen on 19 March joined senior representatives from development partners and private sector to deliver a keynote address on SDG Goal 8 in Cambodia at the AIESEC Cambodia Youth Speak Forum 2017 in Phnom Penh. Participated by about 1200 students and university representatives, he highlighted the need to invest in basic education, and technical and vocational education and training to sustain the country’s rapid economic growth.