30 November 2009
Award-winning consultancy, WYG International, is aiming to improve the lives of people living in Cambodia by reforming and developing the management of the country’s public finances.
The US$1.7m two-year project, funded through an Asian Development Bank grant, will develop and strengthen public financial management in three rural development ministries. Establishing sound management of public finances in transitional and developing countries is challenging but WYG International will help the three ministries to better plan, execute and account for their expenditure.
Chris Rowe, project director at WYG International said: “Our team is implementing initiatives to build capacity and equip key government ministries with knowledge and skills required to ensure long term benefits to the citizens of Cambodia. We are providing assistance which specifically concentrates on budget preparation and execution, accounting, procurement and IT. While capacity building is the key objective of the project, the team will also focus on change management and improved organisational structures to ensure sustainability of the reforms.”
Building on recommendations made under earlier technical assistance support from the Asian Development Bank, this project is complementing the capacity development action plan of the Economic and Finance Institute, and the efforts of core advisors and consultants under the World Bank Public Financial Management Reform Program (PFMRP) in strengthening public financial management reform measures in three rural development ministries – Ministry of Agriculture, Forestry, and Fisheries; Ministry of Rural Development; and Ministry of Water Resources and Meteorology.
Chris Rowe added: “This project is a key milestone in both strengthening our position as a leading provider of public financial management advisory services along with further consolidating our presence in South East Asia.”