Grant to Clear Business Hurdles

The World Bank will give Cambodia a $10 million (euro8.1 million) grant to streamline opportunites for foreign investments and trade. Reduce corruption is seen key factor for helping businesses overcome obstacles. Details here, here and here.

One of the project components is to develop an electronic "single window" system that will enable exporters or importers to fulfill all trade regulatory requirements. Under the old program, more than six government ministries were involved in the export and import process _ which required dozens of documents handled manually.