Skip to main content

23 November 2023

Accelerating a Green and Fair Economic Transformation in Cambodia

The government of Cambodia and PAGE led the workshop under the theme “Accelerating a Green and Fair Economic Transformation in Cambodia”, on 22 November 2023 in Phnom Penh, Cambodia. Bringing 70 participants from key ministries, research institutions, academia, the private sector, EuroCham, and PAGE UN agencies, it shed light on critical aspects of economic transformation in the country, with a primary focus on the role of fiscal policy and finance in achieving green and socially inclusive growth.

Representing the Minister of Environment and Chair of the National Council for Sustainable Development at the workshop, Dr. Paris Chuop, Secretary of State, stressed the importance of human resource development to meet the demand for new and emerging. “Today’s workshop is absolutely important in improving knowledge and enhancing the understanding of the government officials and other key actors on this fiscal space and circularity would greatly support the effort of green economic transformation”, he added.

The event marked a key milestone in Cambodia’s journey towards a greener and inclusive economic paradigm. The workshop featured two compelling panel discussions, each addressing a key theme contributing to drive the nation’s economic growth targets including achieving upper-middle income status by 2030 and high-income status by 2050, while addressing social inclusion and environmental sustainability.

The panel on “Fiscal Policy and Finance for Achieving Green and Socially Inclusive Growth” explored how fiscal policy and the associated analytical tool can help to achieve green and socially inclusive growth; while the panel on “Promotion of Circular Economy and Green Jobs in the Garment Value Chain and SMEs” highlighted the significance of promoting circular economy practices and the creation of green jobs within the garment value chain and SMEs in Cambodia.

Participants to event included representatives of the Ministry of Environment (MoE), Ministry of Economy and Finance (MEF), Ministry of Mines and Energy (MME), Ministry of Industry, Science, Technology, and Innovation (MISTI), Ministry of Labor and Vocational Training (MoLVT), Council for Development of Cambodia/Cambodia Investment Board (CDC), National Bank of Cambodia (NBC), Ministry of Women Affair (MoWA), and research institutions and academia as well as private sector, EuroCham and PAGE UN Agencies.

PAGE and Cambodia

Cambodia joined PAGE as a new partner country in 2022. PAGE support comes at a critical time as the government is developing its post-Covid economic recovery strategy, including a pillar dedicated to promoting a more resilient and sustainable economy.

UNITAR acts as the main coordinating agency for the PAGE project in Cambodia. The main Government counterpart is the Department for Green Economy at the Ministry of Environment, in its capacity as the General Secretariat of the National Council for Sustainable Development.

The Partnership for Action on Green Economy (PAGE) has grown into a prominent alliance of five UN agencies, several funding partners, and 22 partner countries that work together to transform economies into drivers of sustainability by supporting nations and regions in reframing economic policies and practices around sustainability.

Share Accelerating a Green and Fair Economic Transformation in Cambodia
Scroll to top