Cambodia Increased Debt to the Asian Development Bank in 2008 by More Than US$50 Million – Wednesday, 22.4.2009

Posted on 23 April 2009. Filed under: Week 609 |

The Mirror, Vol. 13, No. 609

“A new report from the Asian Development Bank shows that in 2008 Cambodian owes the Asian Development Bank up to US$53.8 million.

“The report published by this bank on the Internet during the Khmer New Year’s days said that among the ten member country of ASEAN, Cambodia is also a country receiving loans from this bank.

“The country members of ASEAN are Brunei, Burma, Cambodia, Indonesia, Laos, Malaysia, the Philippines, Singapore, Thailand, and Vietnam.

“The report added that only Cambodia, Indonesia, the Philippines, and Vietnam owe this bank in 2008. However, the amount of money that Cambodia owes this bank is not much compared to others.

“Cambodia owes only US$53.8 million, while Vietnam has US$789.7 million, the Philippines US$940 million, and Indonesia up to US$1,085 million.

“Besides funds for projects owed by Cambodia, this bank supports also some projects with grant aid at a total amount of more than US$36 million. Those projects are road control projects worth US$4.8 million, health supporting projects worth US$1.8 million, a public finance administration project for rural development worth US$6.7 million, another public finance administration project for rural development worth US$4.1 million, an emergency food aid project worth US$17.5 million, and a project to promote standard toilets worth US$2 million.

“Since 1992, Cambodia received around US$1 billion in loans from this bank.

“According to the report, since 31 December 2007, Cambodian has approximately US$947.34 in debts. Therefore, if adding up to the debts of 2008, it increased to US$1,001 million.

“So far, among all ASEAN countries, the country that owes this bank the least is Singapore with owes approximately US$181 million only. Then, Burma owes US$530 million and Cambodia US$1,001 million. Laos owes US$1,211 million, Malaysia US$1,997 million, Thailand US$5,388 million, Vietnam US$6,294 million, the Philippines US$10,772 million, and Indonesia US$23,523 million. The country that has no debts is Brunei.” Rasmei Kampuchea, Vol.17, #4874, 22.4.2009

Newspapers Appearing on the Newsstand:
Wednesday, 22 April 2009

Cheat Khmer, Vol.1, #58, 22.4.2009

  • [President of the Cambodian Free Trade Union of Workers] Chea Mony Calls on Participation [by citizens, civil servants, and workers] to Demonstrate on 1 May 2009 [the International Labor Day]

Deum Ampil, Vol.3, #165, 22.4.2009

  • 52 People Died of Traffic Accidents in Five Days during the Khmer New Year [and 233 of the 457 injured people suffer from serious injuries]
  • Siamese [Thai] Police Cooperate with the International Police Agency Interpol to Search for [ousted Thai prime minister] Thaksin

Deum Tnot, Vol.2, #65, 22-23.4.2009

  • The Number of Companies Registered [at the Ministry of Commerce] Declines due to the Global Financial Crisis [from January to March 2008, there were 862 registered companies while during the same period in 2009, there were only 436]

Kampuchea Thmey, Vol.8, #1924, 22.4.2009

  • A New 38-Storey-Bank Building [of the Vathanak Bank] Will Appear Soon [in 2011 in Phnom Penh – according to Governor Kep Chuktema]
  • Khmer Consulate in Massachusetts Will Be Inaugurated This Weekend
  • [The Minister of Foreign Affairs and International Cooperation] Mr. Hor Namhong Asks Korean Investors to Speed Up Investments in Cambodia
  • Many Delegations [of more than ten countries] Walked Out of the [UN] Conference on Racism while the Iranian Leader [Mahmoud Ahmadinejad] Was Making a Speech Criticizing Israel

Moneaksekar Khmer, Vol.16, #3738, 22.4.2009

  • UNDP Maintains Its Stances Not to Release Funds to the Cambodian Side of the Khmer Rouge Tribunal because of the Unsolved Kickback Issue
  • The Office of the UN High Commissioner for Refugees [UNHCR] Is Considering to Grant Asylum to Tim Sakhan in the United States of America

Rasmei Kampuchea, Vol.17, #4874, 22.4.2009

  • Cambodia Increased Debt to the Asian Development Bank in 2008 by More Than US$50 Million
  • Samdech Dekchor Again Calls On Workers and Employers to Obey the Laws and Handle Labor Disputes Peacefully
  • The European Community Grants Euro 4 Million to Support Food-for-Work Programs in Cambodia

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