A Change of Guard

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Saturday, 16 July 2016

Cambodia to receive $600m aid from China in return for international support


by Asian Correspondent Staff | 15th July 2016 


Cambodia's Prime Minister Hun Sen and his wife Bun Rany. Pic: AP.
Cambodia's Prime Minister Hun Sen and his wife Bun Rany. Pic: AP.


CHINA has pledged to provide the Cambodian government with nearly US$600 million in aid to develop the country’s election, education and health infrastructures.

In a statement Friday, Prime Minister Hun Sen said the aid was finalized after he met with his Chinese counterpart Li Keqiang at an Asia-Europe meeting in Mongolia.

China is a key ally and economic partner of impoverished Cambodia. It has provided millions of dollars in aid and investment over the past decade, granted it tariff-free status on hundreds of trade items and written off its debt.

In return, Cambodia supports China in international forums, including in Beijing’s ongoing dispute with other Southeast Asian countries in the South China Sea.



In May, the World Bank announced it will resume direct financing to Cambodia after suspending funding for new development projects in the country five years ago.

The international financial institution approved $130 million in financing for four projects involving roads, water, agriculture and health care.

It said there had been a pause in funding new projects since 2011, but did not elaborate. Funding for ongoing projects had not stopped.

SEE ALSO: Damning report exposes Hun Sen clan’s stranglehold on Cambodia’s business world

The bank had cut off lending to protest the forced eviction of lakeside landowners in Phnom Penh to make room for a luxury development, even as it was working to combat land grabs. No reason was given for the resumption of lending, although the eviction dispute remains unresolved.

Additional reporting by Associated Press

4 comments:

Anonymous said...

Yes, more money & more power Ah Pleu!
Who the hell is he? Youn or China?
Only Hun Sen supported China in this matter!
Ong Ho will murder him if he adopt Moaist.

Very SAD! Cambodia leaders from the 60s & present sold their brains to the Communist.


Anonymous said...

MONEY WILL GO TO HUN SEN'S BANK.

Anonymous said...

ចិនមិនដែលល្អទេ លុតចិនតែងតែឲ្យរដ្ថាភិបាលដើម្បីយកមកសម្លាប់ប្រជាជន ៦០០លានដុល្លាគឺសំរាប់ពង្រឺងអភិបាលកិច្ច ផ្នែកកងទ័ព,ប៉ូលិសភាគខ្លះចំពោះជនគ្រឿងញៀន ដើម្បី គំរាមកំហែងនាពេលបោះឆ្នោតខាងមុខនេះ សូមសំណូមពរអសលោកណាជាប់ឆ្នោតអាណ័ត្តខាងមុននេះសូមដកខ្លួនពីចិនមកសហរដ្ធវិញ ចិនជាប្រទេសមួយអាក្រក់បំផុតក្នុពិភព លោក ។

Anonymous said...

Hun Sen eliminate pol pot. Hun Sen wrong. Hun sen receive 600million hun sen wrong....hun Sen kick youn allies with China . Hun Sen wrong..what a pathetic idiots . Khmerization be careful with these toxic peoples...