Cambodia always beg their lenders to cancel their loans. Cambodians have never been able to support their own country themselves. They always borrow for their survival. Beside, they borrow money to buy guns so they can kill their own people to win for their power so they can corrupt and to practice the culture of impunity. It happened during Sihanouk era. It happened during Lon Nol regime. It happened during Khmer Rouge era. And it has been happening ever since. Nothing is new here.
On Nov 11, 10:25 am, [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
