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Logo of Phnom Penh Post newspaper Phnom Penh Post - Australian hand over

Australian hand over

A

ustralia transferred the funding responsibility for the government’s Private Sector

Forum to the International Finance Corporation (IFC) on December 6 in Phnom Penh.

IFC has provided management oversight of the Forum Coordinating Bureau and is now

taking full funding responsibility. Australian Ambassador Margaret Adamson said the

transition is part of donor movement toward more efficient and effective use of development

funds. By improving the "division of labor”, each donor can concentrate on a smaller

number of activities. Adamson said the forum had contributed to "improved communication

and problem solving between business and government.” She says while other developing

countries still struggle to get it right, "The forum has found the right structures

and processes to enable productive dialogue to occur.”

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