PHNOM PENH, May 31 (Reuters) - Cambodia's parliament approved a five-year plan for the economy on Monday that aims for 6 percent growth a year with the help of about $6 billion from donors, who are meeting in Phnom Penh this week to discuss aid.
Gross domestic product grew 0.1 percent last year, Planning Minister Chhay Than told the National Assembly on Monday, and to achieve the growth target in coming years a total of $6.28 billion would be needed to support development efforts.
Tuon Thavrak, director-general of the planning ministry, told reporters during a break in the session that most of that sum would have to come from aid donors.
"We need about $6 billion, so roughly every year we need about $1.2 billion," he said. "We have our own money in the national budget, but only about $200 million a year. We need from abroad more than $1.05 billion a year."
Government ministers will discuss these plans at a meeting with rich country donors and agencies such as the World Bank and Asian Development Bank on June 2-3.
Finance Minister Keat Chhon said in a recent speech that donors were expected to give the country $1 billion this year, roughly the same as the $990 million in 2009.
(Reporting by Prak Chan Thul; Editing by Alan Raybould)
Gross domestic product grew 0.1 percent last year, Planning Minister Chhay Than told the National Assembly on Monday, and to achieve the growth target in coming years a total of $6.28 billion would be needed to support development efforts.
Tuon Thavrak, director-general of the planning ministry, told reporters during a break in the session that most of that sum would have to come from aid donors.
"We need about $6 billion, so roughly every year we need about $1.2 billion," he said. "We have our own money in the national budget, but only about $200 million a year. We need from abroad more than $1.05 billion a year."
Government ministers will discuss these plans at a meeting with rich country donors and agencies such as the World Bank and Asian Development Bank on June 2-3.
Finance Minister Keat Chhon said in a recent speech that donors were expected to give the country $1 billion this year, roughly the same as the $990 million in 2009.
(Reporting by Prak Chan Thul; Editing by Alan Raybould)
18 comments:
How about money from oil and mining?
Hun Sen: These monies are mine and for my CPP. You must not teach me how to use this money. Money from oil and mining will be used to strengthen my power so that I can continue to control this country till the end of my life. Then I will use the money to prepare my sons to take over. Sorry you guy. This is life. Stronger is the winner.
how many more years will the donor countries be fooled by these idiots?
If donors want to help, please go directly to each household and offer them micro-loan to family to start a business, offer scholarship to students to continue their education in the country and abroad. This is better than giving the govt money and cost less than a million a year!
CPP got all the money from foreign donors and keep all of them but ,some idiots CPP supporters here wondered why SRP didn't build streets ,schools,hospitals or anything for the country.
Donors are collaborators of this regime Khmer people must form a class action to sue these Donors.
Khmer people are the one who have to replay back these loans but the CPP Governt are the one who pocket them!
Just beg for more, that is our tradition and culture
and let the poors bastards pay the debts.
CPP clans,associates and relatives control so many areas in buisinesses.Their relatives are bloody rich(rich by the blood of cambodians),but they need more for greeds.They turn their buisinesses into biting more loans from doners.
Lakes,mountains,lands,sands....etc you can name almost anything they can bite,belong to CPP relatives.
Global witness is quite right.!!!
I'm GAY said...
Yuon exercising its colonial power.
Yuon's new strategies see in an article:
« Le Vietnam au Kampuchéa : La stratégie de consolidation »
by Justus M. Van Der Kroef.
Études internationales, vol. 15, n° 2, 1984, p. 291-309.
I copied a little portion from th abstract. To share.
[Hanoi govemment has sent some 40,000 Vietnamese party cadres, civil officiais and professionally trained to direct public affairs. Additionally, some 100,000 Vietnamese farmer s hâve migrated
into Kampuchea, settling in such key provinces as Kompong Speu, Takeo, and Kompong Cham. Additional tens of thousands of Vietnamese settlers hâve moved into
cities and the disputed frontier area. As fighting between the Vietnamese and résistance
groups affiliated with the ''Coalition Government of Démocratie Kampuchea" intensifies,
the Hanoi régime also has been expanding its logistical-military network. This inciudes the construction of a new road network — popularly called the "New Ho CM Minh Trail" — linking the Vietnamese cities of Hue and Vinh, across Southern Laos,
with Northwestern Kampuchea. Additionally, during the early weeks of 1983, a twentyfive
kilomètres long trench, studded with landmines and bamboo spikes has been constructed just inside the Kampuchean frontier, running from the village of Kop
beyond the village of Yeang Dangkum — a région of fréquent guérilla clashes. Along
with the 180,000 man force of regular military maintained by Vietnam in Kampuchea, thèse measures indicate intentions of Hanoi's consolidation of power. Especially in Southeast Asia fears hâve arisen of a permanent Vietnamese "colonization" process in Kampuchea.]
KI if you are serving Khmers not Yuon, you need to stop mocking around in RED. Your job as KHmer if you are, then search all secret informations (History wrote by real historians by the west) that Yuon have been doing to Cambodia. Post the history How Yuon did kill Khmers, so the Khmers can learn the real history not gossiping. I have so many old documents were written since 1800's, 1900's, I copied from the libraries in Ducth, France, but I have to store them all before they may disppeared. I knew when I start to post them, Yuon will try to kill me as they did to Khmer intellectuals. But I will post them in this very near future for you all to know the facts of savage Yuon.
OMG, are you masturbating?? Haha, nobody cares about your shit, okey? Be a good refugee, ok??
Hi ah.me Yuon kantorb 9;05am. Khmers care.
We need more donations to keep growing! some oxymoron condition?
What if the strings are completely cut? Resettle in foreign countries and live off the siphoned aid money that they have been keeping in foreign banks?
"We need about $6 billion, so roughly every year we need about $1.2 billion," he said. "We have our own money in the national budget, but only about $200 million a year. We need from abroad more than $1.05 billion a year."
----->Ridiculous planning!!!!!!!!
Will all the accounting records be purged when old Chhon retired?
More than one half of the donations is suspected to go back to the experts and organizations originated from these donor countries in way of technical and administrative works, a good chunk goes to the Cambodian finance and other government officials, a small chunk goes to the local staff, and what is left goes to the actual development projects that are perpetually in the state of being inadequate and needing further donations and loans...
It has been over two decades since this scene began. Some noticeable development such as new villas and buildings, lots of new luxury vehicles, etc. Increasingly, cases of land grabbing and losses are popping up like mushrooms, reflecting the "growth" that Cambodia has been experiencing!
Cambodian gov't needs to start feeling some shame when begging.
When will the CPP get its house in order and stop begging?
These monies are not intended for the officials to purchase SUV Lexus. It is ridiculous how many SUVs Lexus there are in Phnom Penh for a country whose people, for many, still struggling to find enough to eat.
These Khmers gov't officials have some of the most backward thinking in the world.
All of what Hun Sen does from the start is receive money from helper countries and spend it.
Wow!
With these monies, gov't can put new infrastructures such as shopping,roads, housings for the poor, hospitals, schools and universities or employ all the engineers to develop and maintain a high level of structural service. Just look at the Singapore way of life and everything will be ok. Aust
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