Common use of General context Clause in Contracts

General context. Over the last 20 years, Cambodia has attained impressive economic growth. With an average GDP growth of 7 per cent, Cambodia has been among the fastest growing economies in Asia. These economic changes have brought significant economic benefits to the Cambodian nation and people, increasing national revenues and providing employment opportunities for many Cambodians. Moving forward, Cambodia now faces a new set of developmental challenges, which relate to sustaining its economic growth in a manner that fully integrates Sustainable Development Goals (SDGs). Among them, a range of environmental challenges are becoming increasingly important, including: 1. Degradation of natural resources; 2. Growing volume of waste; and 3. Limited access to affordable, sustainable and clean energy among the poor. The overall objective of the project “building an enabling environment for sustainable development in Cambodia” is to enable Cambodia to attain the Sustainable Development Goals related to 1) natural resources management (NRM), 2) circular economy and 3) clean, affordable and sustainable energy. To achieve this overall objective, the project designs and implements innovative environmentally sustainable models in the targeted areas through public and private partnerships. Based on the demonstrated results, the project further identifies venues for scaling-up workable models by linking initiatives to existing and future UNDP programmes as well as bankable projects.

General context. Over the last 20 years, Cambodia has attained impressive economic growth. With an average GDP growth of 7 per cent, Cambodia has been among the fastest growing economies in Asia. These economic changes have brought significant economic benefits to the Cambodian nation and people, increasing national revenues and providing employment opportunities for many Cambodians. Moving forward, Cambodia now faces a new set of developmental challenges, which relate to sustaining its economic growth in a manner that fully integrates Sustainable Development Goals (SDGs). Among them, a range of environmental challenges are becoming increasingly important, including: 1. Degradation of natural resources; 2. Growing volume of waste; and 3. Limited access to affordable, sustainable and clean energy among the poor. The overall objective of the project “building an enabling environment for sustainable development in Cambodia” is to enable Cambodia to attain the Sustainable Development Goals related to 1) natural resources management (NRM)management, 2) circular economy and 3) clean, affordable and sustainable energy. To achieve this overall objective, the project designs and implements innovative environmentally sustainable models in the targeted areas through public and private partnerships. Based on the demonstrated results, the project further identifies venues for scaling-up workable models by linking initiatives to existing and future UNDP programmes as well as bankable projects.