Finance Development Sustainably
While MIC status will open up opportunities to finance development requirements, the transition needs to be managed. ODA which finances up to 20 per cent of the budget will shift from grants to mainly loans. MIC status could affect Cambodia’s preferential access to key markets, FDI and hence employment. Climate change financing will be a significant source of non-traditional development assistance.
UNDP will focus on the policy and capacity development assistance needed to maximize available ODA grants, while building national capacity to increasingly finance the development requirements from domestic sources, foreign direct investments and non-traditional development assistance.more
Construction workers are building an apartment in Phnom Penh, Cambodia. (Photo: Chansok Lay/UNDP Cambodia)more
Projects and Initiatives
The Clearing for Results-Phase II project intends to bring the national body, the Cambodian Mine Action and Victim Assistance Authority (CMAA), to a higher level. It supports the CMAA’s leadership in implementing the National Mine Action Strategy (NMAS), resulting in resources being allocated to national and local development priorities. The resources will also be used in the enactment of policy frameworks that support increased levels of land released to communities for rural development thereby improving access to economic opportunities and growth.more
The Linking Policy and Practice for Accelerating MDG1 (LPP) project aims to support policy dialogue on key priorities of the Royal Government of Cambodia’s Rectangular Strategy and National Strategic Development Plan (NSDP). The project will provide evidence-based policy options for inclusive, equitable and sustainable growth; support human capital development and institutional capacity development in selected sectors such as extractive industries and social protection; and the scaling up of effective anti-poverty practice.more