Cambodia: Public Financial Management for Rural Development Program
In December 2008, the Asian Development Bank (ADB) approved a program modality intervention under the Public Financial Management for Rural Development Program (PFMRDP) for its subprogram 1, along with an attached grant for institutional and capacity development. PFMRDP supported stage 2 of PFMRP in the Ministry of Agriculture, Forestry, and Fisheries; Ministry of Water Resources and Meteorology; and Ministry of Rural Development. Subprogram 1, with the grant, supported institutional and capacity development in four components: (i) improving public financial management (PFM) capacity in rural development ministries, (ii) strengthening internal audit in the Ministry of Economics and Finance (MEF) and rural development ministries, (iii) strengthening public sector debt management, and (iv) strengthening the effectiveness of the National Audit Authority (NAA).
ADB approved subprogram 2 in September 2010 to consolidate the initial achievements of subprogram 1 in implementing PFM reforms in three RDMs and in strengthening the capacity of NAA. Subprogram 2 also had the following four components: (i) improving PFM capacity in RDMs, (ii) providing support to the Council for Administrative Reform, (iii) strengthening public sector debt management, and (iv) strengthening the effectiveness of the NAA.
This report validates the completion report's assessment of the program. IED overall assessment: Successful.