DPM Keat Chhon Receives Director General of French Treasury

Cambodian Permanent Deputy Prime Minister H.E. Keat Chhon received here on Mar. 2 visiting Mr. Bruno Bezard, Director General of the French Treasury.

During the meeting, Mr. Bruno Bezard informed the Cambodian DPM of the G20 Finance meeting, held in late February in Shanghai of China, that mainly focused on structural reforms to ensure the growth of the world economy, additional financing for climate exchange issue, terrorism financing, fight against money laundering, elimination of tax heaven, and currency control.

The director general of French Treasury took the opportunity to invite Cambodia to attend an international conference to be organized by France and the Republic of Korea in the framework of G20 working group, in Paris on Mar. 31.

The conference will focus on international financial architecture including movement of capital flow, currency policy, precaution actions, Club de Paris, macroeconomic management, geopolitical risks, and so on, he added.

For his part, H.E. Keat Chhon briefed his guest on the country's peaceful environment, political stability and macroeconomic growth and stability, and her ambition to become an upper-middle-income country by 2030 and a high-income country by 2050.

On the same day, Mr. Bruno Bezard also met with Cambodia's Minister of Economy and Finance, H.E Aun Porn Miniroth.

According to a spokesperson for the Ministry of Economy and Finance, the meeting was aimed to strengthen the bilateral cooperation and exchange views on the economic and financial situation in Cambodia and the world.

On the occasion, H.E. Aun Porn Moniroth laid stress on Cambodia's clear strategies in public debt management by adopting the strategic document on public debt management 2011-2018 to ensure efficiency, transparency, responsibility and sustainability of the public debt management, which is a key part of the public financial reform in Cambodia.

Mr. Bruno Bezard highly appreciated the bilateral cooperation between the Cambodian Ministry of Economy and Finance and the French Development Agency (AFD), adding that AFD will have more power in providing financing for Cambodia's development projects thanks to more budget from the French government.

Source: AKP