Associated Press
The World Bank signed an agreement Tuesday to provide a US$14 million (euro10.8 million) grant to help Cambodia improve its financial management, a day after other aid donors blasted the government for failing to adopt long-delayed anti-corruption legislation.
The money is intended for Cambodia's public finance management and accountability project, the bank said in a statement. The grant agreement was signed by Jim Adams, the World Bank's vice president for East Asia and the Pacific, and Cambodia's Finance Minister Keat Chhon.
"We strongly believe that this project will help make our budget more credible ... (and) an effective tool of sustainable development in Cambodia," Keat Chhon was quoted as saying.
The project will cover six areas: revenue management, budget formulation, budget execution, capacity development, a merit-based pay initiative and building the oversight capacity of Cambodia's National Audit Authority.
Cambodia is one of the world's poorest countries, and about 35 percent of its 14 million people live below the national poverty line of US$0.50 (euro0.40) a day. It is also one of the world's most corrupt nations, ranking 151 among the 163 countries in the 2006 corruption perceptions index of Transparency International, a non-governmental agency.
During a meeting with government officials Monday, aid donor representatives lashed out at the government's repeated failure to live up to its promise to adopt legislation for fighting rampant corruption.
"We the donor community are disappointed," U.S. Ambassador Joseph Mussomeli said in a statement Monday. "We ask you, when will this law be enacted?"
The government has in the past said it is working hard to enact the law but has not indicated when it would table the draft for the National Assembly to debate and vote on.
The money is intended for Cambodia's public finance management and accountability project, the bank said in a statement. The grant agreement was signed by Jim Adams, the World Bank's vice president for East Asia and the Pacific, and Cambodia's Finance Minister Keat Chhon.
"We strongly believe that this project will help make our budget more credible ... (and) an effective tool of sustainable development in Cambodia," Keat Chhon was quoted as saying.
The project will cover six areas: revenue management, budget formulation, budget execution, capacity development, a merit-based pay initiative and building the oversight capacity of Cambodia's National Audit Authority.
Cambodia is one of the world's poorest countries, and about 35 percent of its 14 million people live below the national poverty line of US$0.50 (euro0.40) a day. It is also one of the world's most corrupt nations, ranking 151 among the 163 countries in the 2006 corruption perceptions index of Transparency International, a non-governmental agency.
During a meeting with government officials Monday, aid donor representatives lashed out at the government's repeated failure to live up to its promise to adopt legislation for fighting rampant corruption.
"We the donor community are disappointed," U.S. Ambassador Joseph Mussomeli said in a statement Monday. "We ask you, when will this law be enacted?"
The government has in the past said it is working hard to enact the law but has not indicated when it would table the draft for the National Assembly to debate and vote on.
7 comments:
Question: Why does the international community keep on pouring money to their proclaimed disappointement?
Answer: Either deep down they support the government or they can not see any alternative, or both.
SiS
KHMENG WAT KHNONG SROK
TO KI-MEDIA DARK SIDE
JUST ONE QUESTION? DO YOU THINK THAT WORLD BANK IS CORRUPTED? WHY NOT YOU START TO INSULT WORLD BANK OF YUON... PRO HUN SEN?
YOU SEE THERE ARE ALWAYS BALANCED AND INTELLIGENT FOREIGNERS TO UNDERTSAND CAMBODIA AND THE PROBLEMS WE ARE FACING... WE JUST NEED TO DISCUSS ... THAT'S ALL!
KHMENG WAT KHNONG SROK
WorldBank is politically motivated,
KHMENG WAT KHNONG SROK. They have
been FlipFloping about our
government since day1. Don't you
know that?
This is the game World Bank plays. ha, ha, ha,...stupid. It is observed that wherever there is World Bank, there is more corruption and extreme poverty...
true, i agree wit u all...stupid vc..
KHMENG WAT KHNONG SROK
I AM VERY SORRY FOR YOUR IGNORANCE AND STUPIDITY!
GOOD VALENTINE DAY! LET'S HOPE THAT YOU HAVE A BETTER AND CLEVER PARTNER OR WIFE.. OR FIANCEES! IF YOU DON' T HAVE YET.. I WOULD UNDERSTAND BECAUSE NO NORMAL LADIES WOULD RISK TO SHARE THEIR LIFE WITH IGNORANT PEOPLES...
BYE AND GOOD NIGHT!
KHMENG WAT KHNONG SROK
KHMENG WAT KHNONG SROK,
Yeah, go ahead die asleep,okay?
Post a Comment