KOICA Provides Training for NBC’s Officials

AKP Phnom Penh, February 12, 2019 —

Ten officials of the National Bank of Cambodia (NBC) are going to leave for Seoul, the Republic of Korea to attend the In Project-Training Course on “The Enhancement of National Payment System of Cambodia Invitation Programme [IT and Business Officials]”.

According to a KOICA Cambodia Office’s press release AKP received this evening, the training course will take place from Feb. 17 to Mar. 2, 2019 at the Korea Financial Telecommunications & Clearings Institute (KFTC).

The two-week-long training programme is aimed to enhance National Payment System through understanding of the Payment System Development of Korea and Policy, increase the practical capacities to operate its own payment system through providing training materials used by KFTC, form a Long-Term Partner Relationship through a Programme in Korea and Cambodia, and extend the National Payment System Policy to strengthen Cambodia’s national competitiveness.

On Feb. 12 in Phnom Penh, KOICA Cambodia Office held a pre-departure orientation for the ten officials. They were provided with helpful information about the courses, important things in Korea, the Cambodia Korea Alumni Association (CAMKAA), and the code of conduct of the training programme.

In his opening remarks, Mr. Jeong Yun Gil, Country Director of KOICA Cambodia Office hoped that this training programme will meet the objectives and offer a fruitful experience and enhance capacities of all executive officials. He also requested the candidates to avail this excellent opportunity to learn from Korea’s development during staying in the Republic of Korea and to share their experience in Cambodia for sustainable development.

All participants can gain hands-on experience through various practices in national payment system together with in-depth theoretical knowledge, he said, adding that it is aimed at officials in charge of establishing and managing Cambodia national payment system. The goal of this training is to increase capacities for planning and operating national payment system with regard to education through Korean experts.

Mr. Jeong Yun Gil also said KOICA has supported many development programmes in Cambodia. Human Resources Development (HRD) has been the most important factor in Korea’s escape from vicious cycle of poverty. HRD is a key pillar of the bilateral relationship between the Republic of Korea and the Kingdom of Cambodia.

The selected candidates showed their gratitude to KOICA and Korean government for supporting and they showed a high level of participation and commitment throughout the course to promote capacity building for a broad understanding of understanding of the Payment System Development of Korea and Policy.

This training programme will be the 4th and last invitation programme under the Project entitled “The Enhancement of National Retail Payment System of Cambodia”. NBC and Korea International Cooperation Agency (KOICA) signed the Record of Discussions (RoD) on the project on June 3, 2016.

From 1994 until 2018, around 2,823 government officials were invited to attend training courses and master’s degree programme in the Republic of Korea under KOICA’s Capacity Building Programme.

By C. Nika