Logo of Phnom Penh Post newspaper Phnom Penh Post - Worldbridge, UNDP and UNIDO ink MoU to bolster development efforts

Worldbridge, UNDP and UNIDO ink MoU to bolster development efforts

Content image - Phnom Penh Post
A groundbreaking ceremony takes place for a government-endorsed affordable housing project in Kandal province last year. Sreng Meng Srun

Worldbridge, UNDP and UNIDO ink MoU to bolster development efforts

Worldbridge International, the United Nations Development Program (UNDP) and the United Nations Industrial Development Organisation (Unido) on Friday signed a memorandum of understanding (MoU) for three projects based on affordable housing, green logistics and connectivity for small- and medium-sized enterprises (SMEs).

Through the MoU, UNDP will provide support for advancements in solar power, waste management, public transportation, driver training, road safety, and market education for entrepreneurs.

Of these projects, Unido will provide support for those involving SMEs, according to Worldbridge general manager Sothirith Yuk.

2030 development goals

Worldbridge chairman Sear Rithy said the MoU will contribute significantly to improving the quality of life in the Kingdom by introducing affordable and comfortable living spaces as well as safe transportation systems and new business techniques.

“The development and growth of Cambodia’s economy must be sustainable and provide a positive impact on society,” he said.

UNDP country director for Cambodia Nick Beresford said the agreement is a reflection of a public-private partnership to drive sustainable investments in key areas that have an influence on society and the economy.

“This partnership is an important step to achieve sustainable development goals by 2030,” he said.

SMEs in Cambodia often face problems such as lack of market information, use of technology, human resources and the high cost of electricity.

Hence, Unido Cambodia representative Sok Narin said through the cooperation, the organisation will be able to work closely with the private sector to develop SMEs in the Kingdom and help them achieve sustainable growth.

MOST VIEWED

  • Diplomatic passports issued to foreigners to be annulled

    The Ministry of Foreign Affairs and International Cooperation will move to annul diplomatic passports issued to those not born in Cambodia. Analysts say the move may be in relation to reports that former Thai prime minister Yingluck Shinawatra used a Cambodian passport to register as

  • Hun Sen warns Irish MP of EBA ‘mistake’

    Prime Minister Hun Sen on Saturday told former Irish premier Enda Kenny, still a member of the EU nation’s parliament, that the 28-nation bloc should not make a “third mistake” regarding Cambodia by using the preferential Everything But Arms (EBA) agreement to “take 16 million

  • The hairy little heroes saving many lives in rural Cambodia

    IN RURAL Siem Reap province, rats dare to tread where no person will, as these hairy little heroes place their lives on the line each day for the good of the local community. The rodents are the most important members of a special team, leading

  • PM warns EU and opposition on 34th anniversary of his rule

    HUN Sen reached the milestone of 34 years as Cambodian prime minister on Monday and used the groundbreaking ceremony for a new ring road around Phnom Penh to tell the international community that putting sanctions on the Kingdom meant killing the opposition. “Please don’t forget