PHNOM PENH: Australia has expressed its support for Cambodia’s Government-Private Sector Forum (G-PSF), the peak platform for dialogue between the government and private sector in Cambodia.

According to a recent news release from the Australian Embassy in Phnom Penh, Australia is supporting the inclusive development of a strong private sector in Cambodia – a vibrant private sector is essential for promoting inclusive economic growth and poverty reduction.

Through the Cambodia Australia Partnership for Resilient Economic Development (CAPRED), Australia is working with the Cambodia Chamber of Commerce, the Council for the Development of Cambodia, and other stakeholders to improve the effectiveness of the G-PSF, it added.

Recent discussions between Australia, CAPRED, and the CCC have focused on ways to improve the G-PSF to make it inclusive and results-oriented, said the same source, pointing out that in particular, support will be provided to strengthen the 14 technical Working Groups at the national level and support public and private sector dialogue at the provincial levels.

By facilitating the input from Cambodia’s private sector, it underlined, the G-PSF’s history indicates that it can contribute to improving the enabling environment for businesses in Cambodia. The impact of this work can stimulate economic growth and increase opportunities, generating jobs and reducing poverty.