European Development Cooperation Strategy for Cambodia and the Multiannual Indicative Programme

The Commission has adopted the European Development Cooperation Strategy for Cambodia and the Multiannual Indicative Programme for the period 2014-2018, point 3.3 of which provides for the following priorities: Public Finance Management Reform Programme (PFMRP) (Specific Objective 1), and Support to Electoral Reform (Specific Objective 4).

The objectives pursued by the Annual Action Programme to be financed under the Development Cooperation Instrument are to support the Royal Government of
Cambodia in their reforms in the area of public financial management and elections.

The action entitled “EU support to Public Financial Management – Stage 3” will enhance the effective use of resources and alignment of expenditure with national
priorities to improve Government’s service delivery and spur economic growth, by supporting the implementation of PFMRP Stage 3 and its enabling environment,
through improvement of (i) institutional capacity to implement reform, (ii) national statistics, (iii) budget comprehensiveness and transparency, (iv) policy-based
budgeting, (v) predictability and control in budget execution, (vi) accounting, recording and reporting, (vii) external scrutiny and audit of the budget, and (viii)
public accountability;