ភាសាខ្មែរ
The Cambodia Australia Partnership for Resilient Economic Development or CAPRED for short, will continue Australia’s long-standing support for Cambodia, dating back to the 1950s.
Amid global supply chain disruptions, and the ongoing effects of the COVID-19 pandemic, the launch of CAPRED marks Australia’s commitment to support Cambodia to build a sustainable, resilient and inclusive economy, with a strong focus on gender equality, disability and social inclusion.
CAPRED will work closely with the Royal Government of Cambodia to achieve this goal through:
- policy support,
- agricultural productivity and agro-processing development,
- diversification of trade and investment, and
- infrastructures services
The program will expand on the successes of Australia’s two preceding economic programs Cambodia-Australia Agricultural Value Chain program or CAVAC and Investing in Infrastructure Program or 3i. Over ten years, these programs invested nearly AUD 200 million in Cambodia’s development.
More than two million rural Cambodians, including women, people with disabilities, farmers and business owners, have benefitted from these programs. This includes access to basic services such as electricity and clean water, improved rice varieties, and agricultural technologies.
CAPRED will support:
- The establishment of an Agri-Food Industrial Park to attract potential investors to the agri-food sector;
- Improvements in farming productivity through increased mechanisation, resilient rice varieties and high value crops;
- Advancement of small and medium enterprises, especially women-led enterprises through access to finance, markets and capability building opportunities; and
- The use of free trade agreements to increase the uptake of trade benefits for Cambodia.
CAPRED will continue Australia’s support for:
- An investment platform for Cambodia to expand clean water infrastructure to all households and businesses;
- Increased integration of renewable energy, to allow for the delivery of high-quality, safe and affordable electricity to all Cambodians;
- The improvement of logistics especially for agriculture; and
- Increased infrastructure financing from public and private sectors.
- CAPRED, funded by the Australian Government, will work with the Cambodian Government, development partners and the private sector to help Cambodia build resilient, sustainable and inclusive economic growth.
