2023
Technical Assistance Missions
December 11 – 15: Macroeconomic Frameworks
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As the request of the National Bank of Cambodia (NBC), the Ministry of Economy and Finance (MEF), and the National Institute of Statistics (NIS), CDOT provided a technical assistance on the macroeconomic analysis and forecasting using the preliminary new-rebased GDP data. The mission focused on upgrading the authorities’ macroeconomic tools and elaborating a baseline forecast scenario to inform macroeconomic policy decisions. |
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November 21 – 24: Monetary and Foreign Exchange Operation
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CDOT provided a technical assistance to the National Bank of Cambodia (NBC) to apply the conceptual framework of liquidity monitoring and forecasting to support the calibration of main open market operations (OMOs). The mission included the forecasts of Bakong accounts with different models, and the MCMCO Statistical Tool for Liquidity Forecasting which included topics of forecasting models, forecast evaluation, and forecast reconciliation. The hands-on workshops and exercises were also delivered in the areas of programming in R Studio, data visualization, and using the liquidity forecasting toolbox. |
September 11 – 29: Treasury Management
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As the request of the IT-Internal Audit Department, Ministry of Economy and Finance of Cambodia, CDOT provided a technical assistance to support an improved treasury management and modernization of financial system, specifically in the area of non-tax revenues. The mission provided a guidance to the IT-Internal Audit team in identifying the coverage of software developed by GDT, IT based strategic plans, and budgets and security policy. |
September 5 – 14: Monetary and Foreign Exchange Operation
As the request of the National Bank of Cambodia (NBC), CDOT provided technical advice to further streamline the market-based official exchange rate determination mechanism. The mission team also participated in the NBC workshop for commercial banks and presented the theoretical background of the Interest Rate Corridor, Averaging Reserve Requirements, and the Survey Results of Financial Institutions in Cambodia.
May 22 – June 2: Accrual Based Public Sector Accounting Standards
In response to a standing request from the Cambodian authorities, CDOT delivered a training on accrual accounting to 35 officials of the General Department of National Treasury (GDNT) and Accounting and Auditing Regulator (ACAR) at GDNT premises in Phnom Penh. Most of the participants were GDNT staffs from Cambodia’s 24 provinces and staffs from Ministry of Economy and Finance (MEF) and revenue agencies. The mission introduced the accrual-basis International Public Sector Accounting Standards (IPSAS). The mission also provided an on-going capacity development support for GDNT staff on the development of guidelines on revenues and accounts payable to form a basis for accounting for such revenues under IPSAS basis of accounting.
April 10 – 21: Government Finance and Public Sector Debt Statistics Field-Based Work
As the request of the Ministry of Economy and Finance (MEF) of Cambodia, CDOT conducted a Government Finance Statistics (GFS) and Public Sector Debt Statistics (PSDS) technical assistance mission in Phnom Penh to support the General Department of Policy (GDP) in further improving GFS and PSDS compilation and dissemination to support fiscal analysis. The 2-day workshop covered the Classification of the Functions of Government, macroeconomic statistics consistency, and fiscal analysis. The attendances are the officials of GDP, General Department of National Treasury (GDNT) and General Department of the Budget, and the National Bank of Cambodia (NBC).
April 4 – 6: Interactive Learning and Workshop on Interest Rate Corridor
In response to a request from the National Bank of Cambodia (NBC), CDOT and the IMF’s Monetary and Capital Markets Department (MCM) delivered a two-day workshop on Interest Rate Corridor (IRC) in Siem Reap. The workshop introduced IRC as well as Reserve Requirements to support IRC. It also covered a basics of Liquidity monitoring and forecasting to support an IRC, and recent work on Liquidity forecasting in Cambodia.
January 17 – 26: Technical Assistance Mission on Short-term Liquidity Forecasting Framework
As the request of the National Bank of Cambodia (NBC), CDOT provided technical assistance on improvements in the NBC’s monetary operations and liquidity forecasting of the central bank balance sheet autonomous factors. This mission was under the project to support monetary and foreign exchange operations in Cambodia. It incorporated recent advances in forecasting literature and international good practices of different forecasting models with various degrees of complexity into the NBC’s liquidity forecasting practices.
January 25 – 27: Interagency Core Group Workshop on Macroframework
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As requested by the National Bank of Cambodia (NBC), the Ministry of Economy and Finance (MEF), and the National Institute of Statistics (NIS), CDOT conducted a workshop on Macroeconomic Framework focusing on updating Cambodia’s macroeconomic and discussing financial challenges. The mission revised forecasts of economic data, including real sector, fiscal sector, monetary, and external sectors, and provided a review on policy options to sustain economic growth and sustain external balance in the face of downside risks. |
January 16 – 27: Accrual Based Public Sector Accounting Standards
In response to a request from the Cambodian authorities, CDOT delivered a one-week training for 33 officials from the General Department of National Treasury (GDNT) and Accounting and Auditing Regulator (ACAR) on accrual accounting at GDNT premises in Phnom Penh. The mission provided an overall introduction to the accrual-basis International Public Sector Accounting Standards (IPSAS) and Government Finance Statistics (GFS). It also covered the linkage between GFS and accounting focused on fixed assets, consolidation, loans, and pensions. Additionally, the mission provided an on-going capacity development support for GDNT staff on the development accrual-basis reporting of the financial operations of the government.
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