In the wake of official meeting between Finance Minister Keat Chhon, US Ambassador Carol Rodley and Michael Ruffner, an official from the US Treasury Department’s Office of Technical Assistance, The United States of America announced July 6th that it will help provide technical support to Cambodia’s government in an effort to improve the public reform and transparency.
According to the statement, the U.S. government’s decision is to provide technical assistance to strengthen capacity of the Royal Government in the area of public financial management reform.
The assistance is designed to help Cambodia strengthen the enforcement of laws and controls as they relate to budgeting and financial accountability, banking and financial services, the insurance and financial industries, and tax administration and collection. The financial management and accountability assistance programs are expected to begin within the next few months, the statement said.
Ngy Tayi, an undersecretary of state for the Ministry of Economy and Finance, was quoted by the VOA as saying that Cambodia’s economic and financial areas are continually being developed. He added that “we need technical assistance for public financial management, moving toward progress and accountability.”
“Technical assistance is very important for Cambodia to help training for the capacity and knowledge of our staff,” he said. “This is to help share knowledge from a powerful country.”
The mission of the U.S. Treasury Department’s technical assistance program is to support the development of strong financial sectors and sound public financial management in countries where assistance is needed and there is a strong commitment to reform.
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