BALANCE is a capacity building cooperation project co-funded by the Erasmus+ program of the European Commission. The main objective of the BALANCE project is to strengthen financial autonomy and accountability of Higher Education Institutions in Cambodia via modernisation of financial management practices and legal framework. This purpose will be pursued by achieving the following specific objectives: Promoting the improvement of human and organisational capacities of financial management in Cambodia HEIs through capacity building and experience exchange. Setting up a sustainable communication platform between Cambodian HEIs and relevant ministries (MoEYS and Ministry of Economy and Finance) with the objective of improving transparency and systematisation of financial management practices as well as implementing institutional policies and procedures.