Strengthening Public Financial Management Program, Subprogram 1 (ADB-49041-002)

Countries
  • Cambodia
Where the impacts of the investment may be experienced.
Financial Institutions
  • Asian Development Bank (ADB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Active
Bank Risk Rating
C
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Sep 26, 2016
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Government of Cambodia
The holder of the loan, grant, or other investment.
Sectors
  • Law and Government
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 30.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 30.80 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ ADB website

Updated in EWS Jul 13, 2017

Disclosed by Bank Feb 1, 2016


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Project Description
The programmatic approach seeks to increase the availability and efficiency of public services in Cambodia, including services for poor and vulnerable groups, by strengthening public expenditure and revenue management. In support of stage 3 of the government's four-stage Public Financial Management Reform Program (PFMRP), the proposed program will finance actions and initiatives to strengthen (i) the policy and regulatory framework for expenditure and revenue management, (ii) the procedures and capacities of select line ministries to implement budgeting and expenditure management reforms, and (iii) the capacity of the external audit function.
Investment Description
  • Asian Development Bank (ADB)
Government : USD 0.8 million
Contact Information
Ministry of Economy and Finance ROSSEILAVA@PFM.GOV.KH Street 92, Sangkat Wat Phnom Khan Daun Penh, Phnom Penh City Cambodia ACCOUNTABILITY MECHANISM OF ADB The Accountability Mechanism is an independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an Asian Development Bank-financed project. If you submit a complaint to the Accountability Mechanism, they may investigate to assess whether the Asian Development Bank is following its own policies and procedures for preventing harm to people or the environment. You can learn more about the Accountability Mechanism and how to file a complaint at: http://www.adb.org/site/accountability-mechanism/main