Logo of Phnom Penh Post newspaper Phnom Penh Post - Government set to double public investment in 2009

Government set to double public investment in 2009

Government set to double public investment in 2009

090226_03.jpg
090226_03.jpg

Finance Minister announces plan to spend US$1 billion mainly targeting transport, infrastructure and irrigation projects.

Photo by:

HENG CHIVOAN

Keat Chhon, deputy PM and finance minister, at a UN review Wednesday.   

FINANCE Minister Keat Chhon announced Wednesday that the government would spend around US$1 billion this year on public investment. He said the money would be focussed mainly on transportation, infrastructure and irrigation.

Keat Chhon, who is also a deputy prime minister, said during a review of the United Nations Development Assistance Framework that the public investment total would be double that of last year.

"I hope that we can also discuss the implementation and achievements of the important and ongoing UN reforms intended to ensure that the UN delivers as one," Keat Chhon said.

Wednesday's joint review between the government and the UN officials - described in a UNDAF press release as "frank, open and lively" - was designed to assess how well the 23 UN agencies, funds and programs in Cambodia were helping the Kingdom meet its development goals.

Keat Chhon said the review provided a good opportunity to identify new challenges and emerging risks, thereby helping to ensure that UN support remains effective.

Douglas Broderick, the UN's resident coordinator, said the UN's duty was to be a good facilitator in addition to a financial backer.

"As the world economic crisis deepens, it is more important than ever that the UN be a stronger partner and continue to give voice to the poorest of the poor," Broderick said.

The UNDAF guides the UN's development work in Cambodia. The UN focuses its efforts on four key areas: agriculture and rural poverty; capacity building and human resources development; development of the national strategic development plan; and good governance and human rights.

MOST VIEWED

  • ‘Kingdom lacks up to 400MW in available electricity’

    Prime Minister Hun Sen has called on the general public, hoteliers and businesspeople with generators to use them as back-up as the Electricity Authority of Cambodia cannot generate enough electricity to meet needs due to low water levels in power station reservoirs. On Saturday evening

  • Sor Chandeth defends his criticism of Hun Sen

    Former senator Sor Chandeth has defended his choice of words when criticising Hun Sen, saying he was merely speaking metaphorically to attack the Prime Minister’s political life, not his actual person, as the latter seeks damages. [img] Chandeth spoke to The Post on Thursday,

  • South Korea’s Moon arrives in Kingdom for state visit

    South Korean president Moon Jae-in and his wife arrived in Phnom Penh on Thursday at the start of a three-day state visit to Cambodia to strengthen ties and further the friendship between the two countries. After arriving at the Phnom Penh International Airport in the

  • Youths band together to clean ‘filthy’ Boeung Trabek canal

    Inspired by their affection for the environment, a desire to have a clean and beautiful city, and wanting to send a message to people to stop littering, a group of some two dozen volunteer youths have taken to picking up trash day and night from