"World Bank Updates Legacy Framework for Development in Cambodia; Government and Stakeholders Welcome Consultations", 17 October 2024

The World Bank is continuing its year-long consultation discussions with public and private stakeholders for the new 2025-2029 Country Partnership Framework (CPF) for Cambodia, a lending and advisory program devised by the financial institution to help nations with key development issues.

Following discussions … among the World Bank Group, an updated “gender action plan” was added to the framework, addressing gender gaps in secondary education and promoting better data collection, the latest edition from a consultation process ...

The talks also centered on designing a CPF aimed at building accountability into service delivery projects, enhancing public sector fiduciary standards, and continuing to provide oversight and advice on grievance redress mechanisms, according to a World Bank press release.

Cambodia’s CPF for 2025-2029, which is updated every five years following an analysis of the country’s development challenges and consultations with the government and various stakeholders, seeks to address three interlinked goals: improving health and basic education, enhancing competitiveness, and strengthening the resilience of vulnerable households.

“A key focus of our engagement is to improve human capital, especially basic education and foundational skills,” said Mariam Sherman, the World Bank Country Director for Cambodia, Laos, and Vietnam, in the press release.

Over the next five years, three arms of the World Bank Group—the International Development Association (IDA), the International Finance Corporation (IFC), and the Multilateral Investment Guarantee Agency (MIGA)—will “encourage investment in Cambodia” and “promote public-private partnerships, especially in infrastructure.”…