Cambodia asks US to convert debt into development aid

Cambodia has asked the US to consider converting the debt that Cambodia has owed to the country since the 1970s into development aid.
Cambodia asks US to convert debt into development aid ảnh 1Cambodian PM (L) asked the US to consider converting the debt that Cambodia has owed to the country since the 1970s into development aid. (phnompenhpost.com)

Hanoi (VNA) – Cambodia has asked the US to consider converting the debt that Cambodia has owed to the country since the 1970s into development aid.

Cambodian Prime Minister Hun Sen made the suggestion during his talks with US President Donald Trump on November 13 on the sidelines of the 31st ASEAN Summit and related meetings in Manila, the Philippines.

PM Hun Sen said he had also raised the issue with Trump’s predecessor, Barack Obama.

During the 1970-1975 period, the Cambodian Government borrowed some 200 million USD from the US. With interest, the debt now exceeds 500 million USD.-VNA
VNA

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