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Venerable monks, Royal Highnesses, Excellencies, Ladies and Gentlemen,

First I would like to do as all other speakers have done this morning and that is to extend my great thanks to the Center for Social Development and the Asian Development Bank for showing the initiative to hold this extremely important conference and discussion on the issues of transparency and corruption. In the spirit of transparency, I am going to speak extremely frankly this morning. I am going to use words and say things that frankly are usually not said by diplomats. I am going to speak more directly and with less circumlocution than diplomats are normally used to do…

Today, Transparency International Cambodia (TIC) is pleased to announce the launch of its election monitoring report entitled ―Final Election Observation Report on Cambodia’s 2013 National Election.‖ TIC, in cooperation with the Coalition for Integrity and Social Accountability (CISA) network, was accredited by the National Election Committee (NEC) to observe the Cambodian national elections on 28 July 2013. During the elections, TIC deployed 906 nonpartisan observers to the representative sample of 409 polling stations across 24 provinces and municipalities in Cambodia to conduct a Sample- Based Observation (SBO).

Through interviews conducted in four economic sectors, we show that there has been a positive feedback loop between support for competitive export industries, state capacity, and structural transformation. However, there has also been a negative feedback loop from over-reliance on high-rent industries, to insufficiently inclusive growth and political instability. The political settlement that has underpinned growth and stability for the past 15 years is facing a severe challenge.