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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