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.

Tuesday, November 14, 2017 18:06

Cambodia asks US to convert debt into development aid ảnh 1

Cambodian 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 thatCambodia has owed to the country since the 1970s into development aid.

Cambodian PrimeMinister Hun Sen made the suggestion during his talks with US President DonaldTrump on November 13 on the sidelines of the 31st ASEAN Summit and relatedmeetings in Manila, the Philippines.

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

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

VNA

#Cambodia #US #converting the debt #development aid #Prime Minister Hun Sen #US President Donald Trump #ASEAN Summit #vietnamplus

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