The European Union will continue to support economic management and aquaculture projects in the Kingdom, pledging 22 and 87 million respectively for 2020-2021, according to a statement from the Ministry of Economy and Finance released Wednesday.
The European bloc’s decision to continue to support these sectors was announced during a meeting this week between Finance Minister Aun Porn Moniroth and George Edgar, EU’s Ambassador to Cambodia, to evaluate the implementation of public financial management projects in the country.
Mr Edgar said those projects have yielded substantial results, praising their government for their role in improving economic management and public service delivery.
Mr Porn Moniroth said EU’s decision to extend their support is a sign that the relation between the European bloc and the Cambodian government is improving. It is also strong indication that the government takes transparency and accountability very seriously, he said.
“The public financial management reform programme is very important in boosting and developing the economy, as well as promoting sustainability and financial inclusiveness. The government continues to focus on these areas and spares no effort to increase transparency,” he said.