On February 15, 2024, a significant online inter-ministerial meeting was convened at the Ministry of Foreign Affairs and International Cooperation, presided over by Secretary of State Her Excellency KHIEV Sophany. The agenda focused on Japan’s proposition regarding the empowerment of the Royal Embassy of Cambodia in Japan to execute the “Banking Arrangement (B/A) and Authorization to Pay (A/P)” on behalf of the Royal Government of Cambodia. This authorization is aimed at facilitating Grant Assistance Projects funded by the Japanese government.
The meeting saw the participation of delegates from seven key Cambodian ministries and institutions, reflecting the collaborative approach adopted by the Cambodian government in international financial dealings. The discussion underscored the importance of this proposal in enhancing the efficiency and effectiveness of managing Japanese grant assistance, a crucial aspect of Cambodia’s international cooperation and development strategy.
This initiative signifies a pivotal step in streamlining the administrative processes associated with the implementation of grant assistance projects, potentially setting a precedent for future international agreements. The outcome of the meeting and the decision on Japan’s proposal are awaited with keen interest, as they bear significant implications for Cambodia’s diplomatic relations and development objectives.
Source: MFAIC
