Wednesday, October 26, 2011

Cambodia mired in $4 billion debt to China

Cartoon by Sacrava (on the web at http://sacrava.blogspot.com)
26 October 2011
By Silapol
Free Press Magazine Online
Translated from Khmer by Soch
Click here to read the original article in Khmer

During the past few years, it was found that Cambodia owed Communist China by almost $4 billion already. The Chinese loan money was used to build Cambodia’s infrastructure, and the total loan amount includes the $500 millions that Cambodia asked to borrow from China last week to repair flood damage.

Cheam Yeap, the chairman of the National Assembly’s economic and finance committee, told reporters recently that: “EU countries are facing economic woes, therefore we have only China left [to borrow from].” He added that the debt owed by Cambodia amounted to close to $7 billion, including $1.8 billion in debt owed to Russia and the US from the 70s and the 80s.

Although the government claimed [that these loans] allowed Cambodia to progress every year from one step to another, economic analysts said that the government does not seem to be anything to improve its economy at all, except for getting itself mired in mounting foreign debt with every passing year.

SRP MP Yim Sovann declared yesterday: “Younger generations will have to pay back these debts. The amount owed to China is larger than that from any other countries, and this could create serious economic instability.”

16 comments:

Anonymous said...

everything came out of srp people are never sound positive. after all, we know they are good at saying or criticking cambodia since they did nothing for cambodia in terms of economic growth, etc... so, why should cambodia pay attention to what srp people say? if cambodia don't borrow, how can we develop our country? i don't buy it from biased srp people, you know!

Anonymous said...

criticking is the easiest job in the world. no wonder srp people like to critick khmer gov't all the time! what have they done to make a difference in cambodia? probably not much in terms of economic growth, etc. all they did was attacking and blaming cambodia for everything. they are so biased toward cambodia!

Anonymous said...

The two posters above are two but one. It's like a moron and a stupid who survives and enriches itself from stealing the aid money. Thus any critic of the national debts won't be well received by this poster(s).

Anonymous said...

AH fucking Hun Sen cant stand on his own feet. Under ah fucking Hun Sen ruling, Khmer is now in more debt then any past governments. AH FUCKING HUN SEN, WHY ARE YOU SELLING OUR NATION FOR YOUR OWN LUXURY LIFESTYLE!

Ah FUCKING HUN SEN!

Anonymous said...

Who is going to pay this fucking debts???

Anonymous said...

spreading disinformation - pp govt will so the srp again.

Anonymous said...

Who will benefit from this?? and who will pay for it??? Will the poor get anything out of this shit or the fucking high ranking officials shearing them among them selves and let the next generation pay for their fucking debt.

Anonymous said...

Remove Hun Sen so we can have a real government that works for the people! SRP please save Cambodia!

Anonymous said...

What economic instability?

China is also known that the current generation can not repay these debts.
But no worries about the younger generation, if we can not pay these debts,
we can also try to give Cambodia a concession to China for 99 years.
This is expected.

Anonymous said...

What did we get from the money Lon Nol borrowed from U.S? A killing field? Thanks to U.S. For those who ask what we get from borrowing China: Go to Cambodia and look around you. The road, the bridge, school. They don't grow on trees. You need money to build those. At least this government is building something instead of using the money to buy guns and blowing up each others like previous governments did.

Anonymous said...

យើងសុំរំលឹកដល់ពួកអាយ៉ងយួនទាំងឡាយថា
ប្រាក់កំចី​ពីមហាមិត្តចិន ក៏ជាគុណបំណាច់ 23​ តុលា 1991 ដែរ ។ព្រោះបើពួកអាយ៉ងយួនអួតពី
7មករា វិញនោះ កាលណោះមហាមិត្តចិនមិន ត្រឹមតែមិនឲ្យលុយទេថែមទាំងវាយសំពងទាំងយួនទាំងអាយ៉ងរបស់វាទៀតផង។
ហេតុនេះសូមពួកអាយ៉ងយួនកុំភ្លេចគុណ
23​ តុលា 1991

Anonymous said...

កុំបារម្ភអី ពាក្យចាស់ថា​ ខ្មែរចេះតែកិនចិនចេះតែកត់
ដល់ទីបំផុតវាអស់ដីស្រែ ហើយ​ហ៊ុន សែន នៅមានដីស្រែច្រើនទៀត យួនយកមិនទាន់អស់ឯ
ណា ចិនគេក៏ដឹងដែរបើគ្មានអីសងគេក៏គេមិនឲ្យដែរ
ឆ្នាំក្រោយចិនដឹងថាហ៊ុនសែន មានដុល្លាហូរចេញពី
បាត សមុទ្រហើយតើ គេខ្លាចអីឲ្យខ្ចីនោះ កុំឈ្លោះ
គ្នាអី ប្រាក់នោះខ្មែរមិនបានចាយទេ វៀតកុងគេប្រើ
ហ៊ុន សែនទៅខ្ចីឲ្យគេទេ។

Anonymous said...

ខ្មែរយើងអភ័ព្វណាស់ ដោយសារតែខ្វះវិជ្ជា និង សេចក្ដីស្រឡាញ់ជាតិរបស់ខ្លួនទើបយើងក្រដល់ថ្នាក់ជំពាក់បរទេសរាប់ពាន់ដុល្លា។ យើងឃើញតែការធ្វើបាបនិងកៀបសង្កត់ ប៉ុន្តែមិនដែលឃើញការជួយបណ្ដុះចំណេះវិជ្ជាផ្នែក វិទ្យាសាស្ត្រ ឬខាងឱសថ ឬឧស្សាហកម្ម ដែលជាប្រភពបង្កើនថវិការ និងឥទ្ធិលាភ សម្រាប់ជាតិនិងប្រជាពលរដ្ឋទេ។ ហេតុនេះយើងគួរពិចារណាឱ្យបានច្បាស់លាស់ និងប្រឹងកែសម្រួល ព្រមទាំងលើកស្ទួយជីវិតពលរដ្ឋគ្រប់បុគ្គល ក្នុងពេលដ៏ខ្លីជាបន្ទាន់មុននឹងប្រទេសដ៏ទៃឆក់យក មាតុភូមិជាទីស្រឡាញ់របស់យើង។
កូនខ្មែរ

The Prophecy said...

Now comes to see a little light about the long term strategy that China has used to take Vietnam, Thailand, Cambodia, Laos, Burma, Malaysia and Singapore,..

Most Vietnamese are Chinese from South, they're being used by Chinese to cause troubles and to take other small and weak nation near by.

There're not many Vietnamese left after thousand years infiltrated by Chinese. All the problems in Cambodia, Laos, and Thailand are all caused by the Vietnamese used by Chinese.

The Vietnamese bear the bad reputation of being savages, yes they're too savage, barbaric invaders, but Chinese will grab all at last.

They will all die in flood with countries no more. The evils will be washed away so to clean the earth.

Anonymous said...

Bangkok was a city of no angels but prostitutes. Men became women, parents sold children for money... Thailand was infiltrated by the Vietnamese (barbaric invaders) since 17's century.

Phnom Penh was calm and so weak, she too was infiltrated by the Vietnamese since 1600's. Many people practiced cults besides Buddhism. Ap, Thmub and many more. Today the evils rule installed by the barbaric invaders, Vietnamese. They prostitutes rise...

Laos is completed controlled by the barbaric invaders, Vietnamese, while Chinese can just wallk in/out for their pleasure.

Vietnam a new nation of barbaric invaders. Million souls of Cham people who were massacred remain in their land, and they revenge and..

The barbaric invaders Vietnamese now many turned to GOD because they have feared of burning in hell for eternity. Ngo Dinh Diem, the monster who tried to annihilate Khmers and Chams is in hell wearing fire for eternity. But his nephew who became a Catholic Priest rose to a Cardinal named
François-Xavier Nguyễn Văn Thuận has never stopped praying for the greatest sins of his Vietnamese done to others. The Cardinal is praying from heaven to save the souls in hell including his uncle Diem, the terror.

Anonymous said...

South East Asia will be submerged into the SEA. New World Map of Edgar Cacey, the sleeping Prophet in 1800's.

Japan will be completely sunk, no more Japan.

Africa will gain land but it will be divided into three large continents.

Middle East will be gone into the SEA. America will be splitted into TWO, no more Gorgia and Luisiana, and the water will flow from Mexico sea to north pole across Mississippi River. New Zeal-and will be larger....
No more Vietnam, Cambodia, Laos, Thailand, Malaysia and Singapore. They will be all doomed.