The country’s National Environment Strategy and Action Plan (NESAP) intends to prioritise policy tools and financing to ensure that environmental protection and sustainable resource management are part and parcel of economic development.
Say Samal, Cambodia’s minister of environment, said the government will formulate a “strategy for all government ministries as well as the private sector, civil society and development partners to integrate environmental concerns into economic policies and investments”.
The ADB will work closely with the Ministry of Environment and other relevant stakeholders to ensure NESCAP is developed consultatively and provide funding through the ADB-led Greater Mekong Subregion Core Environment Programme.
The plan is expected to be finalised in late 2016 and will complement a new environmental code, which establishes a legal framework and principles to ensure all related laws are effectively applied.
The development process will include analysis of the key drivers of environment and natural resources change, a review of existing strategies and identification of ways to mainstream environmental issues into key economic and social sectors.
Did you enjoy this article?
to receive daily news from Public Finance International to your inbox
