Thursday, January 07, 2010

U.S. to consider turning Cambodia's debt into development aid

January 07, 2010
Xinhua

The United States Congressman Eni Faleomavaega told Cambodian Prime Minister Hun Sen on Thursday that he will discuss with his colleagues about Cambodia's debt if it can be turned into assistance for development projects in this country, a Cambodian official said.

Eang Sophaleth, Hun Sen's spokesman told local reporters that during the meeting with Hun Sen on Thursday morning in Phnom Penh, Eni Faleomavaega said he will discuss with his colleagues after returning to the United States about the debt.

Eni Faleomavaega, who was accompanied by his two Congressmen Joseph Cao and Mike Honda, was making a two-day visit to Cambodia.

Cambodia has several times asked the United States government to consider canceling its debt amounting to some 300 million U.S. dollars it borrowed since 1972.

The U.S. has not yet answered to Cambodia's request for the debt written-off.

Cheam Yeap, chairman of the National Assembly's Economic Commission and a senior member of the Cambodian People's Party said several countries including China have written off Cambodia's debts owed some decades ago.

Cambodia is also asking Russia to cancel its debt that amounts around to 1.5 billion U.S. dollars.

6 comments:

Anonymous said...

Eni Faleomavaega is an idiot. He's no body but just trying to kiss ah kwak ass. US don't pay attention to him. He should be focus on his island. His island is corrupted as Cambodia. This is why he get along with ah kwak so well.

NO U.S. REPRESENTATIVES
SUPPORT AH KWAK!

ENI! GO BACK TO YOUR ISLAND. YOU GAVE U.S. A BAD NAME! U.S. NEVER CONSIDERED YOU AS ONE OF US. JUST TAKE CARE YOUR OWN TINY ISLAND!

Anonymous said...

I say keep debt, don't let the beggar off the hook.
Keep the beggar continue begging.

Anonymous said...

I just want to say thank you for U.S turning Cambodia's debt into development aid!!!

Anonymous said...

Can anyone tell us a bit about Eang Sophalleth, Hun Sen' s spokesman? Is he a khmer nationality?

Banksy said...

Once again, CAMBODIAN DOES NOT EQUAL ONLY KHMER. Pol Pot is accused of racism in that he exterminated Cambodians who were not Khmer. I thought the Cambodians did not want to repeat their history, but in reading this blog it becomes very clear that this way of thinking did not die with the KR. Unless Cambodians unite as Cambodians and not keep dividing themselves into families, ethnic groups, religions etc, the country will not develop because there will always be a group that doesn't feel it belongs here and this will lead to problems and tensions in the future.

In regards the loans, so Cambodia borrows the money (much of which was stolen by corrupt elites), the US then turns the debt into development aid, and then the money is stolen again by corrupt elites while the people remain impoverished?? The government must think the US are a bunch of idiots as they laugh all the way to those numbered Singaporean bank accounts.

Banksy said...

Once again, CAMBODIAN DOES NOT EQUAL ONLY KHMER. Pol Pot is accused of racism in that he exterminated Cambodians who were not Khmer. I thought the Cambodians did not want to repeat their history, but in reading this blog it becomes very clear that this way of thinking did not die with the KR. Unless Cambodians unite as Cambodians and not keep dividing themselves into families, ethnic groups, religions etc, the country will not develop because there will always be a group that doesn't feel it belongs here and this will lead to problems and tensions in the future.

In regards the loans, so Cambodia borrows the money (much of which was stolen by corrupt elites), the US then turns the debt into development aid, and then the money is stolen again by corrupt elites while the people remain impoverished?? The government must think the US are a bunch of idiots as they laugh all the way to those numbered Singaporean bank accounts.