A Change of Guard

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Friday 13 July 2012

US wants to improve Cambodia access to global capital markets


Give our kids a better deal
US Secretary of State Hillary Clinton is speaking at news conference on Thursday
 
PHNOM PENH (Cambodia Herald) - The United States wants to resolve bilateral debt issues with Cambodia to help it increase its access to international capital markets, Secretary of State Hillary Clinton said.

Speaking at a news conference Thursday, Clinton said she was "personally" committed to resolving Cambodia's outstanding debt to the United States, which dates back to the 1970s.

"Under international law, governments are responsible for the obligations of their predecessors even though that may seem unfair in many instances," she said in response to a question from a Rasmei Kampuchea reporter.


"So what we want to do is work with the Cambodian government to try to resolve these long-standing issues, in a way that is fair, to help the Cambodian government enhance its credit worthiness, increase its access to international capital markets.

"We think it will be in Cambodia’s interest to ... not be dependent on any one source of funding, but be able to bargain and work toward real creditworthiness," Clinton said.

"I’m hoping we will make progress in trying to resolve this issue. It’s something I personally am committed to doing."

2 comments:

Anonymous said...

Another words, the kids were not feed and the moms are on drug while you prolong the debt owed. You use the debt to play with our mind while china feed us. And you worry that srok Khmer might not have good credits that you loan us to buy weapons and drop that bomb on us. You began to talk like a yuon scums. Always have a words and schemes for your own interest. What credits? Did china ask us for good credits? What a shame!

Anonymous said...

Cambodia owed China $6 billion, but Cambodia only owed America $400 million. Cambodia had a huge trade deficit with China (around $600 million) while Cambodia had a huge trade surplus with America (about $3 billion).

China destroyed our forests and supported the Khmer Rouge to kill 3 million Khmer, but America did not kill Cambodians and destroy any Cambodia forests, what else do we want from America?