On August 9th, the Ministry of Industry and Handcraft with the support of the United Nations Economic and Social Commission for Asia and the Pacific (UN ESCAP) and the Inclusive Business Action Network (iBAN) convened all ecosystem stakeholders in Phnom Penh for the first Inclusive Business forum for Cambodia.
This inaugural forum aimed to inform on the country’s Inclusive Business agenda, present the initial results of a landscape study conducted in early 2019, and propose an Inclusive Business Enabling Environment for Cambodia (IBeeC) Strategy.
Since 2017, various ASEAN countries and governments have been working to create Inclusive Business (IB) models that provide innovative solutions to support the poor and low–income people. These initiatives require first and foremost fostering awareness and defining a detailed framework in collaboration with the government, private sector companies, impact investors, IB facilitators and development partners. Hence, it’s with the experience of an expert such as Dr. Armin Bauer, international Inclusive Business expert and consultant to UN ESCAP, and the support of iBAN that Cambodia is on its way to become the 2nd ASEAN country, after the Philippines, to approve a strategic framework for promoting Inclusive Business. Driven by the Ministry of Industry and Handcraft, the proposed IBeeC strategy aims to be ratified by the government by the end of 2019.