Towards sustainable financial management of Cambodian universities (BALANCE)

26-Jan-2023 16:09:00

Project Title: Towards Sustainable Financial Management of Cambodian University (BLANCE)
Project Period: The project will last for 3 years from early 2019 to 2023.
Project Partners: The project is coordinated by University of Alicante (Spain) and will work closely with 13 other partners:
- University of Girona (UNIGE), Italy, University of Heng Samrin Tbongkhum (UHST), Royal University of Agriculture (RUA), Chea Sim University of Kamchaymea (CSUK), Svay Reing University (SRU), Mean Chey University (MCU), University of Battambang (UBB), Royal University of Phnom Penh (RUPP), Kampong Chheuteal Institute of Technology (KCIT), Kampong Speu Institute of Technology (KSIT), National University of Management (NUM), - National University of Education (NIE) and General of Higher Education (DGHE).

Project Aim: The main aim of BALANCE is to strengthen financial autonomy and accountability of HEIs in Cambodia via modernisation of financial management practices and legal framework.

This will be achieved through the project’s specific objectives:

• To promote modernisation of human and organisational capacities of financial management in Cambodia HEIs through capacity building and experience exchange
• To set up a sustainable communication platform between Cambodian HEIs and relevant ministries (MoEYS & Ministry of Economy and Finance) with the objective of improving transparency and systematisation of financial management practices.

As a result, the project will:

• Increase the awareness of the current status of Financial Management practices and related knowledge and skills in Cambodian Higher Education Institutions as well as on the existing good practices
• Enhance human capacities and skills on Financial Management at Cambodian partner Higher Education Institutions.

BALANCE consortium identified the improvement of the HEIs Financial Management as the key point to target in order to face the above mentioned challenges and satisfy the government demands. Indeed, Financial Management is the cornerstone of institutional management and quality education.

The whole project detail: Go to balance-project.eu