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341.
The alleviation of poverty among Cambodia’s population
through economic progress and social development is the highest priority
of the Royal Government. The 2nd Socio-Economic Development Plan (2001-2005) and the Poverty
Reduction Strategy (PRS) outline
the strategies and policies for achieving this goal.
The implementation of these strategies
and policies will be achieved through a focused and prioritized Public
Investment Program (PIP). The PIP is designed within the framework of a
three‑year rolling plan to capture priority proposals and needs on
an on-going basis. The programs and projects that constitute our public
investment program will be financed both from the National Budget and with
the assistance of our external development partners. The PIP is comprised
of the Government’s priority programs that are being implemented and/or
are planned to be implemented in various sectors and constitute the basic
information for the allocation of national budget resources as well as for
the mobilization of assistance from our external development partners. 342.
Over the years, our external development partners have been
generous in providing support to Cambodia’s public investment program. At the five CG Meetings for
Cambodia held so far, we have worked hard to keep our resource
mobilization targets for external assistance at around US$500 million per
annum to cover on-going and new projects, including budgetary/balance of
payments support. At the 1996
CG meeting, pledges of US$501 million for the year 1996 were made by our
major partners, plus US$18 million by NGOs. At the 1997, 1999, and 2000 CG
meetings, our major development partners had pledged US $ 450 million, 471
million, and 548 million respectively. At the last CG meeting in 2001, the
pledges amounted to US$ 556 million. In addition, the NGOs have increased
their assistance considerably from a pledge of US$ 18 million for 1996 to
US$ 55 million for1999, 2000 and 2001. TABLE
3: PLEDGES AND DISBURSEMENTS: 1999-2001
1 Based on UN agencies own resources only. “Total programs delivered” by UN agencies include their own resources as well as resources mobilized by them from various sources, including bi-lateral donors, for their in-country programs. 343.
The Royal Government is pleased to report that over the last three
year, 1999-2001, disbursements have steadily increased from just under US$
400 million in 1999 to nearly US$ 472 million last year (2001). At the
same time, the amounts pledged by donors have also increased significantly
– from US$ 526 million in 1999 to over US$ 610 million in 2001.
Excluding the year 1998, when no CG meeting was held and consequently no
formal pledges were recorded, disbursements over the 1992-97 and 1999-2001
have totaled nearly 3.7 billion dollars – constituting 73.3 percent of
the pledges made by donors during these two periods. In more recent years,
the ratio of disbursements to pledges has been higher – representing a
greater absorptive capacity within the Government. Disbursements have
increased from 76 percent of the donor pledges in 1999, to 77.3 percent in
the years 2000 and 2001. The RGC is gratified by the support of its
external development partners and hopes that they will continue to provide
their support to enable Cambodia to achieve its goal of reducing poverty
among its people. 344.
The total costs of the Government’s planned development programs,
both on-going and new programs, over the next three years (2002-2004) is
estimated to be around US $ 1,388.4 million. The Government of Cambodia
has committed from its own resources US $ 148.2 million for these
development programs. After adjustments for estimated available Government
counter part funds (US$ 148.2 million), and taking into consideration the
requirements for budget support (US$ 150 million), and balance of payments
support/stand-by-facility from IMF (US$ 67 million); the
total requirements for external assistance over the next three years
amount to US$ 1,457.2 million that averages to US$ 485.7 million per
annum, and
includes US$ 15 million for the general elections in 2003. Some of our
external development partners have already committed to provide just under
US$ 612.8 million. Thus
a gap of US $ 844.4 million in the financing of these development programs
remains at the present time for which the RGC is seeking additional
support from its external development partners. 345.
The distribution of the priority planned development programs in
the PIP for 2002-2004 by sector is as follows:
346.
Of the total costs of planned development programs over the next
three years, US $ 1,388.4 million:
347.
Of the planned expenditure on on-going programs/projects
over the next three years (2002-2004):
348. The distribution of the total planned expenditure on new programs/projects, US $ 305.55 million, to be started over the next three years (2002-2004) in terms of capital investment and technical assistance is 63.8 and 36.2 percent, respectively. A detailed summary of the information on the planned programs by sector, type of program (capital investment/technical assistance), and the nature of the program (on-going/new), as well as the resource mobilization target in each of these sub-categories is presented in Table 5. More detailed information in individual programs/projects constituting the PIP for 2002-2004 is presented as Annex II. TABLE
4: DISTRIBUTION OF PLANNED DEVELOPMENT PROGRAMS COSTS FOR
2002-2004,
TABLE
5: COSTS
OF ON-GOING AND NEW DEVELOPMENT PROGRAMS: 2002-2004
TABLE
5: COSTS
OF ON-GOING AND NEW DEVELOPEMENT PROGRAMS: 2002-2004
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