May 10, 2007
The United Nations Development Program (UNDP) here on Thursday concluded a two-week training seminar for the Cambodian government officials to improve their capital expenditure capability.
The training focused on developing the officials' analytic capacity to evaluate the financial, economic and distribution impacts of capital investment in order to choose those that will most effectively support the development results for Cambodia, said an UNDP press release.
"This capacity will be increasingly important as revenues flow to the budget from natural resources such as oil and gas as well as bauxite," the release quoted Ann-Isabelle Degryse-Blateau, UNDP program director, as saying.
The government is keen to ensure that capital expenditure decisions are transparent and rational, designed to optimize the benefits to the society and to effectively link capital and recurrent expenditures to ensure sustainability in improved service delivery, it said.
"These improved systems and human capacity are important today and will be increasingly critical as Cambodia is expected to receive substantial oil revenues in the near future," it quoted Seng Sreng, director of the Economics and Finance Institute, as saying.
Participants of the training were from the Ministry of Economy and Finance, the Ministry of Planning and the rural development, education, water resources, electricity and petroleum sectors.
UNDP conducted the seminar in co-sponsorship with the Economics and Finance Institute, the Supreme National Economic Council and the Cambodian National Petroleum Authority.
Source: Xinhua
The United Nations Development Program (UNDP) here on Thursday concluded a two-week training seminar for the Cambodian government officials to improve their capital expenditure capability.
The training focused on developing the officials' analytic capacity to evaluate the financial, economic and distribution impacts of capital investment in order to choose those that will most effectively support the development results for Cambodia, said an UNDP press release.
"This capacity will be increasingly important as revenues flow to the budget from natural resources such as oil and gas as well as bauxite," the release quoted Ann-Isabelle Degryse-Blateau, UNDP program director, as saying.
The government is keen to ensure that capital expenditure decisions are transparent and rational, designed to optimize the benefits to the society and to effectively link capital and recurrent expenditures to ensure sustainability in improved service delivery, it said.
"These improved systems and human capacity are important today and will be increasingly critical as Cambodia is expected to receive substantial oil revenues in the near future," it quoted Seng Sreng, director of the Economics and Finance Institute, as saying.
Participants of the training were from the Ministry of Economy and Finance, the Ministry of Planning and the rural development, education, water resources, electricity and petroleum sectors.
UNDP conducted the seminar in co-sponsorship with the Economics and Finance Institute, the Supreme National Economic Council and the Cambodian National Petroleum Authority.
Source: Xinhua
No comments:
Post a Comment