Money is no longer an issue. Cambodia has new economic advisor, Thaksin. (There is $2.2 billion of Thaksin money frozen in Thailand.)
On Nov 11, 1:25 pm, [email protected] wrote: > Russia refuses to cancel debt > > Wednesday, 11 November 2009 15:04 Khouth Sophakchakrya > > Photo by: Heng Chivoan > National Assembly President Heng Samrin greets officials at Phnom Penh > International Airport after his return from a six-day state visit to Russia. > > THE Russian Federation has refused to wipe out over a billion dollars of > Cold War-era debt, despite National Assembly President Heng Samrin’s appeals > to senior Russian officials during his recent six-day visit to the > country. > > Cheam Yeap, a senior lawmaker for the ruling Cambodian People’s Party who > accompanied Heng Samrin on the trip, said Tuesday that Russian officials > have not yet accepted the government’s bid to cancel the debt, which totals > around US$1.5 billion. The money was borrowed from the Soviet Union in the > 1980s for the purchase of military equipment during Cambodia’s decade-long > civil war. > > Cambodia requested debt cancellation from Russia in 2006 and 2008, but was > unsuccessful both times. > > “We made an effort to convince them by saying that China cancelled $300 > million of a $5 billion debt and the IMF canceled a debt of $82 million. But > they said nothing,” he said. > > The delegation travelled to Moscow and St Petersburg, where they met with > Sergey Mironov, chairman of the Russian Federation Council’s Federal > Assembly and other government representatives to discuss a potential air > route > linking Moscow with Phnom Penh and Siem Reap. > > He added that Russia’s deputy prime minister and investors from the > country will visit Cambodia on November 15 to investigate a possible dam > project. > > “They will look into investing in a hydropower project in Stung Treng that > will be able to produce 980 megawatts of electricity,” he said. -- You received this message because you are subscribed to the Google Groups "Cambodia Discussion (CAMDISC) - www.cambodia.org" group. This is an unmoderated forum. Please refrain from using foul language. Thank you for your understanding. Peace among us and in Cambodia. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [email protected] For more options, visit this group at http://groups.google.com/group/camdisc Learn more - http://www.cambodia.org
