Gov’t, ADB Seek Reliable Financial Data

The Ministry of Planning will form an inter-ministerial statistics steering committee in order to compile reliable statistics on the country’s socio-economic condition, said ministry Secretary of State Lay Prahas.

The steering committee will be established by late February with representatives from the ministries of Agriculture, Commerce and Finance including the customs department and the Nation­al Bank of Cambodia, Lay Prahas said Sunday. Planning Minister Chhay Than will chair the steering committee, which will in­clude sub-committees on foreign trade and national accounts.

“Because of lack of funds, statistics have been neglected for years,” Lay Prahas said. “But statistics are very important for the government to formulate policy and strategy.”

The three-year project is aimed at developing accurate statistics on a range of topics including industry, socio-economic status, the national treasury’s balance of payments and foreign trade. The Asian Development Bank will provide technical assistance in the collection and compiling of data, Lay Prahas said.

Technical assistance also will include training to help improve the capacity of statistics department staff in various ministries and local field offices.

The National Bank also has a visiting statistics technical adviser from the International Mone­tary Fund to assist in compiling good balance of payment statistics. Chandrakant Patel is here for a 10-day mission until Thurs­day.

“It will be crucial for all the statistics-related offices at various ministries to improve statistics nationwide,” Lay Pharas said. “We are confident that with ADB assistance we will be able to generate credible data on socio-economic situations in a timely manner.”

 

 

Related Stories

Latest News

The Weekly DispatchA weekly newsletter from The Cambodia Daily delivering news, analysis and opinion to your inbox. Published every Friday at 11:30am. Sign up today.