Ministry of Economy and Finance (Cambodia)

The Ministry of Economy and Finance (MEF) is a government ministry of the Kingdom of Cambodia responsible for overseeing the country's economic and financial policies. It plays a crucial role in managing the national budget, formulating economic strategies, and regulating the financial sector. The Ministry's key functions include:

• Fiscal Policy: Formulating and implementing the national budget, managing public debt, and overseeing government revenue and expenditure.

• Economic Policy: Developing and implementing national economic development plans, promoting economic growth, and fostering a stable macroeconomic environment.

• Financial Sector Regulation: Supervising and regulating banks, insurance companies, and other financial institutions to ensure financial stability and protect consumers.

• International Cooperation: Representing Cambodia in international economic and financial forums, managing relations with international financial institutions, and coordinating foreign aid.

• State Asset Management: Overseeing the management and privatization of state-owned enterprises.

The Minister of Economy and Finance is a key cabinet member, directly responsible to the Prime Minister. The Ministry is headquartered in Phnom Penh and is organized into various departments and units focusing on specific areas such as budget, taxation, treasury, economic policy, and international cooperation. Its work is vital for the sustainable economic development and financial stability of Cambodia.