Joseph Y. Yun (R), U.S. Deputy Assistant Secretary, Bureau of East Asian and Pacific Affairs, and Carol A. Rodley, U.S. Ambassador to Cambodia meeting with Deputy Prime Minister Hor Namhong in Phnom Penh March 17, 2011.
ABC Radio Australia
Cambodian and US officials have held talks to explore how to settle a decades-old "dirty debt" of more than US$400 million.
The low-interest loans were given to the Cambodian government of General Lon Nol when it came to power in 1970 in a US-backed coup.
Cambodia says the money helped pay for a devastating bombing campaign on the country by US forces targeting Khmer Rouge guerrillas in the early 1970s.
Cambodian Prime Minister Hun Sen called for the "dirty debt" to be cancelled last year.
But the government softened its stance in November after US Secretary of State Hillary Clinton said Washington was willing to discuss alternative ways for Cambodia to repay the sum.
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Cambodia: Compromise offer on US 'dirty debt'
Reuters
Friday, 18 March 2011
Cambodia has offered to repay 30 per cent of the debt owed to the US, as a "compromise" over money which it says was used by a pro-American government in the 1970s to repress its own people.
The Cambodian Prime Minister Hun Sen had asked the US to forgive what he called the "dirty debt" built up by the Lon Nol military government that came to power in a 1970 coup backed by Washington.
Cambodia proposed yesterday that the rest be converted into development aid at interest of 1 per cent, rather than the 3 per cent demanded by Washington.
2 comments:
US bombards cambodian, destroying cambodian with million ton of B-52 and make cambodian pay them...$$?
That's how United State doing their dirty business around the world...Bomb your ass and make you pay the money!
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