3rd Meeting of Sub-National Investment Fund Board

Board of the Sub-National Investment Fund (SNIF) has organised its third meeting to further promote social and economic development at sub-national level.

The meeting taking place here in Phnom Penh recently was chaired by the board’s President H.E. Aun Pornmoniroth, Deputy Prime Minister and Minister of Economy and Finance.

Representatives from 16 ministries, concerned government institutions and other stakeholders participated in the meeting.

The meeting looked into reviewing the board secretariat’s work progress 2017-2018 as well as the draft of 2019 action plan, budget management handbook 2019, and annual achievement assessment guideline for city and Khan administrations.

H.E. Aun Pornmoniroth underlined that SNIF is a new mechanism to grease resource allotment to sub-national administrations to lead local development.

Source: Agency Kampuchea Press