financial management

Over the last year and a half, the Higher Education sector over the world has been seen affected by the current pandemic crisis. The HEIs were forced to reinvent themselves in order to keep up with the expected quality levels of teaching and performance. Cambodian Institutions, partners of the Erasmus+ CBHE project BALANCE are not the exception. Lately working remotely, using virtual communication platforms has become a reality and efficient alternative. To maintain the project running the consortium has been gathering online each 2 months to evaluate the progress of the activities, share experiences and doubts, overcome obstacles and mitigate any delay. During the last Virtual meeting, held on June, 17^th, 2021, the University of Alicante updated partners on the advances made within the definition of the indicators for the communication platform and their work with the MoEYS as well as a progress made with the White paper drafting after collecting questionnaires from KH HEIs. The 1^st version to be presented during the next on-line meeting.

On 28^th November around 100 representatives of more than 30 Cambodian Higher Education Institutions attended the first BALANCE National Conference titled “Trends in Financial Management of Universities: reflecting on current status and potential improvements. European and Cambodian perspectives”, which took place at the Royal university of Phnom Penh in Cambodia capital. The event was organized in the framework of the BALANCE  project, co-funded by the Erasmus+ Programme of the European Union, which contributes to strengthen financial autonomy and accountability of HEIs in Cambodia via modernisation of financial management practices and legal framework.