Friday, November 05, 2010

China Forgives $4 Million in Khmer Rouge-era Debt

Kiss and beg? Hun Sen embracing and kissing Wu Bangguo (Photo: CEN)
Chun Sakada, VOA Khmer
Phnom Penh Thursday, 04 November 2010

China announced Thursday it would forgive Cambodia more than $4 million in debt owed by the government of the Khmer Rouge.

In an agreement signed between Prime Minister Hun Sen and China’s top legislator, Wu Bangguo, the two sides said Cambodia’s debt would be transferred into development projects, a government spokesman said.

The debt cancellations comes after the visit of US Secretary of Stat Hillary Clinton, who discussed the possibility of addressing more than $400 million owed by Cambodia to the US.


Thursday’s announcement signaled a second round by China, who in 2002 announced undisclosed debt cancellation estimated at the time to be between $60 million and $1 billion.

In 2005, the International Monetary Fund forgave $82 million in debt. Over the years, Russia, too, canceled $1.5 billion in Cambodian debt.

Hun Sen and other officials say they should not be held liable for the US loan, which was given to the beleaguered Lon Nol regime in the 1970s. That regime, which ousted then-prince Norodom Sihanouk in a coup, fell to the Khmer Rouge.

28 comments:

Anonymous said...

I invite KI-medai, Khmeryoueng,Khmerization, and all media to please help Sam rainsy, by break him and rebuild him back. We clearly see Sam rainsy, he is not well communicator, and he has no self discipline, and he is disrespect, and he is a not truth-worthy man, he have no co operate, he lack leadership skill, he is lazy and don't have clear vision for us. all these character will never gain any support from voter.
We can clearly see his provocative will lead to more violent and division Khmer society, please stop him and break him from the bottom heart then rebuild him. I agreed people power but should be happen in Kampuchea krom or in Sorin, let Cambodia strong first otherwise it very dangerous for all of us.
I promise if he keep doing it he will bring Khmer down to war it take 15 years to rebuild, and SRP will never progress.
Best Regards.

Anonymous said...

ពួកប្រឆាំងស្រែកទៀតហើយនៅពេលដែលមាន
ប្រទេសណាមួយជួយខ្មែរ ពីព្រោះគេចង់ ទុក ប្រជាជនខ្មែរជាចំណាប់ខ្មាំងខាងនយោបាយ
ដើម្បីទិទៀនរាជរដ្ធាភិបាល។
មួយទៀត សូមប្រជាជនខ្មែរកត់សំគាល់ផងថា
ប្រទេសចិនជួយខ្មែរគ្រប់ពេល តាំងពីខ្មែរបាតដៃ
ទទេរ មកទល់បច្ចុប្បន្ននេះ ដោយមិនដែលសួរ
សំណួរ ឫ ដាក់លក្ខ័ណអ្វីទេ។
ចំពោះអាមេរិក មុននឹងអោយអ្វីខ្មែរគឺចាំបាច់មាន
ក្រុមពិភាក្សាដើម្បីតម្រូវចិត្តក្រុមប្រឆាំងពីរបី
គ្រាប់។

Anonymous said...

9:10PM,
I'm not a Sam Rainsy Party member, but I wat to say: The one who must be smashed and rebuilt is Hun Xen, not Sam Rainsy. It is Hun Xen and his comrades who have destroyed Cambodia gradually, but people like you can't see it. The most arrogant, cocky, and undisciplined rustic in our time is Hun Xen. When it comes to talking about some hot issues of political challenges, Hun Xen used threats, intemidations, and provocations. He Hun Xen is an ill-bred and unciclized person who invites Yuons to control Cambodia. They even insult Khmer people everyday, Can you see that?

And it's ridiculous for you to invite those media blogs above to do what you want. I think your logical reasons are not persuasive enough to convince them. Try again, will ya?

Anonymous said...

correction: uses, uncivilized

Anonymous said...

Hun Sen kissed and begged, KI media kisses and sucks ASS!

Anonymous said...

Who will pay all these depts after our Samdech Hun Khvan and his CPPs crooks go to Hell?

Anonymous said...

to 9:11 PM

“ប្រទេសចិនជួយខ្មែរគ្រប់ពេល តាំងពីខ្មែរបាតដៃ
ទទេរ មកទល់បច្ចុប្បន្ននេះ ដោយមិនដែលសួរ
សំណួរ ឫ ដាក់លក្ខ័ណអ្វីទេ។”

Do you know anything about the history?
The Chinese did the same thing to Sihanouk and Pol Pot.
Go back to school and learn your history lesson.

Anonymous said...

ចាំមើលប្រតិកម្មពួកអាក្បត់ជាតិបក្សប្រឆាំងនិងវា
គ្មានតម្លៃអ្វីទាំងអស់ចំពោះគណបក្សប្រជាជន ។
ព្រឹត្តការណ៍ខាងលើនេះ នឹងបណ្ដាលឲ្យពួកអា
គណបក្សក្បត់ជាតិ រិតតែច្រណែន ក្ដៅក្រហាយ ដេកមិនលក់ទៀតហើយ។
ព្រោះពួកអាក្បត់ជាតិបក្សប្រឆាំងនេះ វា បានតែ
ព្រុសនៅក្រៅប្រទេសតែប៉ុណ្ណោះ...

Anonymous said...

LONG LIVE VIET NAM...

KINGDOM OF CAMBODIA
Province of Viet Nam

Nation Religion KING..

1. You idiot khmer have no nation it is all belong to vietnam now.. we run your country and our brothers and sisters are all over your country and in every level of government.

2. You have no religion becuase look at you even your own country to betrayed look at Hun SEn- CPPP we control thme -- how can they have religion becuase soon will be vietnam province

3. KING what KING-- he can not beg us to keep him there-- so he have to bring his mother which she work for our interested with hun sen and cpp.. then his father to beg us for keep him...

what a loser race. you all should dies and wishes you will never born.. better born as vietnamese you might be a little smarter and maybe love your own kind ans country better..

LONG LIVE VIET NAM.

more money from china is good for our vietnamese brothers and sisters
that hold every level of officials in cambodia that control cambodia.. will use this money to further control cambodia... it is us that the king of cambodia to to beg us the viet nam to keep him there.. good work hun sen-cpp.now we have more money from china..

now we have more money we will build all of you a cage

Anonymous said...

MR Sam Rainsy is too tight and too rigid, and too much proud anger personality.To break him Rainsy mean to calm him down we help him to refocus on humble, more principle, more human that he may willing to listen more than he talk. We have to give him new direction. In order to make him more productive we make sure that Sam rainsy got to be hit hard until he realize the past experience.
All of us could help him out.

Anonymous said...

ពួកអាឆ្កែកញ្ជះយួន កំពុងប្រើប្រាស់យុទ្ធសាស្រ្ត
បោកយកជំនួយបរទេសទៀតហើយ។

Anonymous said...

GO TO CHINA BETTER THAN GO TO YUON...GOOD CHOICE FOR HUN'S THIS TIME...GOOD LUCK...

Anonymous said...

Of course, Hun Sen is with China, like he already told the world, few years ago, he would never be friend with Americans.
But Sam Rainsy is %100 with USA.
That is no doubt, make your choice,
you are with Americans or you are against Americans.

Anonymous said...

បក្សប្រឆាំង៖
មិនដែលគាំទ្រលទ្ធិកុម្មុយនិស្ដ
ផ្ដាច់ការបែបសព្វថ្ងៃនេះទេ
មិនដែលផ្ដល់សម្បទានដីឲ្យ
បរទេសធ្លាប់ជាខ្មាំងសម្លាប់ខ្មែរ
មិនធ្លាប់ផ្ដល់ការអភិវឌ្ឍន៍ដេញ
ប្រជាជនចេញពីក្រុងឬ បូមខ្សាច់
លុបផ្ទះប្រជាជនទេ
មិនធ្លាប់កាត់ដីព្រំដែនសងជា
សគុណឲ្យយួនទេ
មិនធ្លាប់យកឈ្មោះអ្នកធំទៅធ្វើ
ការដណ្ដើមដីប្រជាជន ឈូសឬ
ដុតផ្ទះសម្បែងប្រជាជនទេ
អាច្រាសជើងណាមួយដែលចេះ
តែសរសេរដៀលបក្សប្រឆាំងនោះ
ឯងបានអង្ករ ប៊ីចេងប៉ុន្មានគីឡូ
ពេលឯងព្រុសម្ដងៗ ។ អានេះដឹង
ថាឪវាខ្វាក់ហើយ វាក៏ខ្វាក់ដែរ។

Anonymous said...

ព្រុស អា ឆ្កែ កញ្ជះយួន

គណបក្ស ប្រជាជន ខាងយួន
យួន ខាង អាមេរិក
Sam Rainsy ខាង អាមេរិក
Hun Sen ខាង ចិន

Anonymous said...

I saw two gays kissing each other just like homosexual partner.Bun
Rany is ready to welcome with the acid attacked on her way soon.

Anonymous said...

Hanoi killed Muslim and took Champa.
Hanoi killed Khmer Krom and has controlled.
That is Viet’s nature.
Down Vietnamese expansionism!
Vietnam will be wiped out from the map!
Vietnam will be wiped out from the map!
Vietnam will be wiped out from the map!
Vietnam will be wiped out from the map!
We are Muslim wake up then united to take CHAMPA back!
Vietnam will be wiped out from the map!
We are Muslim wake up then united to take CHAMPA back!
Vietnam will be wiped out from the map!!
We are Muslim wake up then united to take CHAMPA back!
Vietnam will be wiped out from the map!!
We are Muslim wake up then united to take CHAMPA back!

Anonymous said...

1:04 comment is freaking funny ahahahah!!

Anonymous said...

AH CHIN MOTHERFUCKER TOOK RICE AND 3 MILLIONS KHMER SOULS IN POL POT ERA! WHAT MOTHER FUCKER CAN FORGIVE??????

MAY YOU MOTHERFUCKERS AH CHINESE LIVE IN PAIN!!!!

Anonymous said...

គិតទៅពួកអាប្រឆាំងក្បត់ជាតិវាច្រណែននឹងរាជរដ្ធា
ភិបាលទៀតហើយពីព្រោះពួកវាមិនបានធ្វើធំហើយ
មិនបានលុយចាយដែលរាជរដ្ធាភិបាលបានពី
ប្រទេសចិន។ដោយពួកគេគិតថាបើបានពួកគេបានកាន់មុខជុំនាញអ្វីមួយគឺប្រកដជាបានលុយរាប់លាន
ដុល្លាចាយហើយ។តែសំណាងអាក្រក់របស់បក្ស
ប្រឆាំងមិនបានលុយដ៏ច្រើនមហិមាអំពីប្រទេស
ចិនដែលគេជួយមកប្រទេសកម្ពុជា។ចំពោះគណ
បក្សប្រជាជនលុយដែលចិនបានឲ្យមកនោះគឺ
រដ្ធាភិបាលលោកនឹងយកទៅក៏សាងប្រទេសជាតិ
ប៉ុន្តែបើបានទៅបក្សប្រឆាំងវិញពិតជាមិនបាន
ធ្វើអ្វីទេគឺពួកអាក្បត់ជាតិទាំងនោះយកទៅផ្គាប់
មេបក្សរបស់ពួកវាជាមិនខាន។ដើម្បីឲ្យមេរបស់គេ
រក្សាទុកដំណែងឲ្យពួកគេម្នាក់មួយៗគ្រប់ៗគ្នា។

Anonymous said...

Will China please forgive U.S. debt too? We sure ain't have much to pay what U.S.A. owe youn (you). We don't want to be your slaves for eternity. Please, have mercy on U.S. citizens. Our bank accounts are empty. Our Federal Reserve has doubtful reserve. Last check it was overly emptied.

Anonymous said...

Can you please all be open-minded to politics.Politic is about implementation of fundamental policies rather than use power to suppress one another of any own/political will.

Politic comes into 3 main fundamental concepts:

-Capitalism/liberalism

-Communism/laborism

-Socialism

Communism is fading away due to collapse of China and global changes.These changes manifested and acceopted as a result of keeping the economy afloat and reduce the inflation.This new concept is a balance of the strain of supply from mother Earth and demand of the increase of population globally.
However major players like USA,China,Rssia...etc still try to maintain their interests and their economic growth.

Accepting new trend , Cambodia is to improve its econmy and accessible education drastically.

Relationship is no longer contained in blocs or same political tendency.

It is a babit of cambodian governments spent unwisely,namely through corruption and mismanagement.And these result into loans to other countries that so called Sovannaphum has been facing.

And how many genrations that cambodians have to repay? or unless our most untouched resources are strpped and exchanged for loans that young cambodians have never bnenefited and known about?.

Please think more cleary,rather than accept those corrupted advisors of past corrupted regime.

Just amazine that how much cambodians or RGC owes Sok Kong?
Sadly,king Jayavaramann vii and others only achieved in helping country bult all those part of Angkor and Angkor,but the ownership is belonged to Sok Kong.

Peasant

_

Anonymous said...

Any word you always fuck with Youn every words you motherfucker talking about.If the word you talking motherfucker without Youn you motherfucker don't know motherfucker
say nothing asshole.

Anonymous said...

It is a shame to compare between Lon Nol ($400 Mil.)regime and the KR regime ($4 Mil).
Maybe we need to go around the world looking for the former Lon Nol regime and ask them, what did they do to $400 million dollars ????

Anonymous said...

Fucken Youn is sooo poor and dirty! Youn Pussy is cheap! My wife is Chinese and she told me Youn whores are everywhere in China begging for 1 dollar sucky sucky from Chinese boys! Youn are known to whores! Fucken Youns!

Anonymous said...

Let's notice VOA wrote and KI-Media highlighted "$4 million in debt owed by the government of the Khmer Rouge.

Why did they do the same to "more than $400 million owed by the Government of Lon Nol" ?? instead of writing "more than $400 million owed by Cambodia to the US" ???

It is intentional and it is the biasness of KI-Media and VOA toward Lon Nol and republicans because they are republicans and and parlamentarian mornachy haters.

Banksy said...

'Cambodia’s debt would be transferred into development projects' - This makes no sense - the money has been spent by the Khmer Rouge so how can it be transferred to development projects unless the government has the money??

Why were the Chinese government lending 4 million dollars to the Khmer Rouge Government?? A government that had abolished money and commerce?? Surely this is a question for the KR trials.

How much has China lent the current government in the past few years in 'interest free' loans for road and bridge building which they will expect repaid?? It seems they give with one hand and take back with the other.

Also, infrastructure development which all these loans are for - such as bridge building and roads etc - can be prone to massive corruption as it's very hard to keep track of how money is spent on materials which may not be bought or simply sold on.

Maybe future King Hun Manet will be able to manage the debt with his economics PhD ;-( Unless all the money has been stolen by then!!

Anonymous said...

$400 million loand forgiveness from China is not worth for the live of 2 millions khmers that China aided KR to achieve it killing goal.