$1.3 bn spent to aid Cambodia’s industrial development policy

The implementation of the Cambodia Industrial Development Policy (IDP), which aims to help the country diversify its manufacturing industries, has spent nearly $1.3 billion in financing, according to latest figures from the Cambodia Cooperative Financing Database, which showed development partners provided $1.287 billion in support between 2015 and 2020.

Four primary measures supported by development partners include lowering electricity prices, the preparation of the master plan for the development of transport and logistics systems, strengthening the labour market and detailing the master plan to transform Preah Sihanouk province into a model multi-purpose special economic zone, the latter of which received the most support—$9 38.5 million.

The government has begun delegating assessments on trends and changes in regional and global architecture in the socio-economic and political spheres, ministry of economy and finance undersecretary of state Huot Pum said at a recent discussion on the mid-term review report for the policy’s implementation. This was necessary to revise the vision, goals and objectives of the IDP policy accurately, he said.

In full: https://www.fibre2fashion.com/news/textile-news/-1-3-bn-spent-to-aid-cambodia-s-industrial-development-policy-280762-newsdetails.htm

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