Workshop on Public Financial Management Reform：Experiences of China (V) held in Beijing
Workshop on Public Financial Management Reform：Experiences of China (V), co-organized by Asia-Pacific Finance and Development Institute (AFDI), Ministry of Finance of People’s Republic of China and Economics and Finance Institute (EFI), Ministry of Economy and Finance of Kingdom of Cambodia, was held from 22th to 26th June in Beijing, China. Mr. Huot Vathna, Deputy Director General of General Dept. of Public Procurement, Ministry of Economy and Finance of Cambodia and Dr. Peng Runzhong, director of AFDI jointly opened the workshop and respectively delivered welcome remarks. 26 Cambodian government officials from Ministry of Economy and Finance, Ministry of Commerce and others attended the workshop.
During the opening session, Mr. Huot Vathna expressed gratitude to AFDI and EFI for organizing the workshop. As he pointed out, China’s public financial management reform offered rich experience for Cambodia’s on-going financial reform, particularly in the field of FMIS. He spoke highly of the workshop series on Public Financial Management Reform and hoped that further exchanges and cooperation on this theme could be followed. Dr. Peng Runzhong emphasized the significance of public financial reform for China and Cambodia. Both China and Cambodia are developing countries and share similarities in economic and financial development. He wished this workshop could foster the experience sharing and mutual learning between two countries so as to benefit both China and Cambodia’s financial reform.
This workshop is the 5th co-organized workshop by AFDI and EFI on theme of Public Financial Management Reform. During the 5-day workshop, experts from Ministry of Finance of China systematically introduced China’s public financial management reform, including China’s Financial Reform and Role and Size of Public Sector, Public Procurement in China, Public Expenditure Policy Management and FMIS, China’s Budget Entity and Program Based Budgeting, Financial Decentralization and Local Finance Management, and Financial Supervision for Public Sector in China. Officials and experts from two countries also exchanged experience and ideas on some common challenges faced by both countries.
