Regional Economic Development III (RED III)
The project aims to:
- increase the income of rural households by applying market-oriented and private sector-based approach to unleash economic potentials
- ensure economic inclusion of the rural poor
- safeguard the environment and natural resources
The Regional Economic Development Programme aims at increasing the income of rural households by applying a market-oriented and private sector-based approach to unleash economic potentials while ensuring economic inclusion of the rural poor and safeguarding the environment and natural resources. The project is implemented in three provinces: Banteay Meanchey, Oddar Meanchey, and Siem Reap.
The programme consists of three components:
- regional management understood as multi-stakeholder processes and initiatives for regional economic development
- development of selected value chains and business services
- local government initiatives towards poverty-reducing economic development
The key component is a regional management approach in which a structured and sustained dialogue of all stakeholders – e.g. small and medium farmers, civil society, local government, the business community – is facilitated which helps identify local economic potential and leads to improved economic activities such as improved rice production, processing and marketing. Local government at province, district and commune levels is coached in taking on board the role of an enabler (instead of a “regulator”) of economic development.
Sep 2014 - Mar 2018