Seizing the Global Opportunity : Investment Climate Assessment and Reform Strategy for Cambodia
This report has been accepted as a key input to Cambodia's private sector development strategy following extensive consultations with the Royal Government of Cambodia, its development partners, and the private sector. It was prepared to help t...
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| Format: | Investment Climate Assessment (ICA) |
| Language: | English en_US |
| Published: |
Washington, DC
2013
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| Online Access: | http://documents.worldbank.org/curated/en/2004/08/5038795/cambodia-seizing-global-opportunity-investment-climate-assessment-reform-strategy-cambodia http://hdl.handle.net/10986/15718 |
| Summary: | This report has been accepted as a key
input to Cambodia's private sector development strategy
following extensive consultations with the Royal Government
of Cambodia, its development partners, and the private
sector. It was prepared to help these stakeholders identify
and prioritize policy reforms to achieve three related
objectives: to enable the private sector to lead growth, to
help diversify the economy, and to increase the role of the
private sector in public service delivery. The report takes
as its starting point Cambodia's pro- poor trade
strategy, which recognizes that as a small country, exports
are critical to expanding job opportunities. However,
Cambodia's policymakers are aware that the export
opportunities cannot be captured if firms face an
uncompetitive domestic business environment. The report
employs an investment climate survey of 800 urban, rural,
and informal firms to identify how the policy and
institutional environment impacts individual firms, and
benchmarks the responses of Cambodian firms with those in
China, Bangladesh, India and Pakistan. It builds on (a)
Towards a Private Sector Strategy for Cambodia: Value Chain
Analysis (2003); (b) a study of the policy and institutional
environment for private participation in infrastructure; (c)
the Bank's Doing Business indicators for Cambodia,
attached as Annex IV; and (d) options for trade facilitation
reform included in Chapter 5. A number of recommendations
are proposed, with a particular focus on improving trade
facilitation practices, integrating markets through
institutions such as private value chains, and injecting
competition and transparency in private participation in
infrastructure. The most important reforms are questions of
political will, and as such are facilitated as much by
frank, factual discussion as by technical recommendations.
The intent is also to contribute to the quality of
discussion surrounding private sector development.
particularly through the Government-Private Sector Forum. |
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