Policy Advice for Implementing the Pentagonal Strategy-Phase I in Cambodia (ADB-57301-001)

Regions
  • East Asia and Pacific
Geographic location where the impacts of the investment may be experienced.
Countries
  • Cambodia
Geographic location 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
Approved
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
U
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Dec 22, 2023
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
Government of Cambodia
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Agriculture and Forestry
  • Climate and Environment
  • Education and Health
  • Energy
  • Industry and Trade
  • Law and Government
  • Technical Cooperation
  • Water and Sanitation
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Advisory Services, Grant
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 0.42 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Grant Amount (USD)
$ 0.42 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Project Cost (USD)
$ 0.47 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Government Documents
Primary Source

Original disclosure @ ADB website

Updated in EWS Jan 20, 2024

Disclosed by Bank Dec 22, 2023


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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

According to the ADB, the TA will enhance the generation and delivery of knowledge solutions and policy advice to the Royal Government of Cambodia (RGC) to expedite the implementation of its medium-term strategy - the Pentagonal Strategy Phase 1. The TA will help achieve the strategic objectives of maintaining the momentum of economic growth, accelerate development, and build resilience. The focus of the TA's knowledge solutions will be guided by the forthcoming ADB Country Partnership Strategy 2024-2028. It will do so by supporting the formulation of policies, development plans, and other knowledge products and services (KPS) through in-depth analysis, stakeholder consultations, and high-level policy dialogue. KPS will be identified during TA implementation to ensure ADB is responding to RGC KPS requests as they emerge. As each individual KPS is agreed, ADB will develop terms of reference and contract the appropriate specialist. The Ministry of Economy and Finance (MEF) will be the implementing and executing agency. ADB will administer the TA.

The first phase of the RGC Pentagonal Strategy commits to a large reform agenda, under the following five strategic 'pentagons': (i) human capital development, (ii) economic diversification and competitiveness enhancement, (iii) development of private sector and employment, (iv) resilient, sustainable, and inclusive development, and (v) development of digital economy and society. Highly targeted assistance, provided in a timely manner, can support RGC's efforts through knowledge solutions to tackle their post-pandemic priorities.

This TA will expedite the implementation of the government strategy and support the policy and regulatory environment towards the agenda of sustainable and inclusive economic diversification, by addressing the country's challenges and pushing forward the reform agenda.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

As stated by the ADB, the government counterpart provides an in-kind contribution estimated at $50,000 (staff office space and utilities at $10,000 and tax and duties at $40,000). 


Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

ADB Team Leaders:

Jyotsana Varma - Cambodia Resident Mission
Anthony Gill - Country Operations Head

No contacts provided at the time of disclosure.

Executing Agency - Ministry of Economy and Finance:

Website: https://mef.gov.kh/ 

ACCESS TO INFORMATION

You can submit an information request for project information at: https://www.adb.org/forms/request-information-form

ADB has a two-stage appeals process for requesters who believe that ADB has denied their request for information in violation of its Access to Information Policy. You can learn more about filing an appeal at: https://www.adb.org/site/disclosure/appeals

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.

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How it works