Sacrava's Political Cartoon: 7% in 2009

Cartoon by Sacrava (on the web at http://sacrava.blogspot.com)

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Cambodian economy to grow by 7% in 2009: Comrade Keat Chhon becoming senile?

07 June 2009
By San Suwidh
Radio Free Asia
Translated from Khmer by Socheata
Click here to read the article in Khmer

According to a quote of local news media by the Chinese news agency, Keat Chhon, the minister of Economy and Finance, said that the Cambodian economy will not be affected by the world financial crisis, and that in 2009, the economy will grow by about 7%.

Keat Chhon said that the government will provide $20 million to the Rural Development Bank to purchase rice from farmers for export. This measure will help maintain the price of rice for farmers, and it will also prevent contraband export of rice to neighboring countries.

He added that the government is preparing $1 million in fund for micro-credit lending by small familial-size enterprises.

Furthermore, Keat Chhon indicated also that $6.6 million will be spent for job training for about 40,000 factory workers who lost their jobs, especially for garment workers.