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Supporting Private Sector Development in Cambodia
The Asia Foundation supports economic reform programs to encourage sustainable market-led growth, poverty reduction, and private sector involvement in the policy reform process. Better policies will boost business growth and employment, and help improve competitiveness and reduce poverty.
In Cambodia, micro, small and medium enterprises (MSMEs) dominate the economic landscape, particularly in the provinces. MSMEs owners are among those most affected by a poor business environment, consisting of opaque regulations, lack of information, and extensive costs associated with corruption and over-regulation. The Asia Foundation’s economic reform program in Cambodia supports reform of policy-making process, empowerment of the private sector— particularly provincial MSMEs and development of a more business-friendly environment. The program encourages increased transparency and greater competition to create appropriate incentives for investment and trade.