Draft on Public Debt Management Strategy 2019-2023 Discussed

Draft of Public Debt Management Strategy for 2019-2023 has been discussed to achieve a helpful guidance to regulate the sector.

The discussion took place recently here in Phnom Penh under the presidency of H.E Aun Pornmoniroth, Deputy Prime Minister and Minister of Economy and Finance.

The draft was prepared to better regulate public debt as Cambodia is undergoing rapid economic diversification and growth.

Once in place, the document will contribute essentially to facilitating Cambodia to become an upper middle-income country in 2030 and achieve the status of high income economy by 2050.

H.E. Aun Pornmoniroth spoke highly of the efforts of the ministry's technical working group in preparing the important document.

He also underlined that the Royal Government of Cambodia is working hard to ensure the effectiveness, efficiency, transparency, accountability, and sustainability of mid- and long-term public debt management.

Source: Agency Kampuchea Press