Sunday, November 29, 2009

Loan cancellation a misunderstanding: Abhisit

November 29, 2009
The Nation on Sunday

Prime Minister Abhisit Vejjajiva yesterday said Cambodia's move to cancel a Bt1.4-billion loan from Thailand had been caused by a misunderstanding.

He said it appeared the Cambodian government had come to the conclusion that Thailand would not extend the loan, and therefore decided to pre-emptively cancel the deal.

"There was some confusion. On one hand, they wanted us to confirm we would lend them the money and on the other hand, they were afraid we would not extend the loan to them. So they opted to cancel the loan first," Abhisit said.

"If there had been proper coordination, there would have been no problem. I think the problem will be sorted out in the end," he added.

The loan was approved by the government in August to finance the upgrade of a road from Surin province to the Cambodian city of Siem Reap.

The prime minister said there should be no problem if both sides had a chance to talk to each other. So far, the Cabinet has not decided to alter the plan to extend the loan and, if talks were held, the problem could be solved, he added.

On Friday, Cambodian Foreign Ministry spokesman Koy Kuong said his country did not need the loan and could afford to build the road on its own.

4 comments:

Anonymous said...

Abhisit behaves like a child in his threat and intimidation to Cambodia.Now Cambodia boldedly canceled such loan as Abhisit had wished to do to intimidate weak economic Cambodia.

This proves Abhisit lacks cultural understanding on Cambodia unspoken anger on his insult.

Khmer old saying,"rather accepting the overt curse but not the unutterance of insult"

Anonymous said...

H.E Abhisit....

If H.E Hun Sen don't want your money's loan give it to me so l can marry your daughter/sister or Thai Mea Noy's second wife.

Anonymous said...

Thailand really is a Childish Govt, now they changed their fucken mind and want cambodia to owed them a favor, so this way, they can do whatever they wanted...?

Anonymous said...

Yep that is the result of the trouble maker Thailand. What kind of results do the Abhisit government expect from Cambodia when they politicized Cambodia Preah Vihear and then starting all the trouble with Cambodia? Remember Cambodia is not their ball...