US Export Import Bank Open to Cambodia

By Men Kimseng, VOA Khmer
Original report from Washington
28 October 2009

The Export Import Bank of the United States is now open to provide financing for purchases of US exports by private-sector buyers in Cambodia.

The opening follows Cambodia’s removal from a US trade blacklist in June by President Barack Obama, “which has allowed the bank to do a study in order to determine, along with other US agencies, that we should be open to financing import into Cambodia from the United States on repayment terms up to seven years,” Phil Cogan, spokesman for the Ex-Im Bank, told VOA Khmer.

“So what that means is buyers in Cambodia who wish to purchase US high-quality goods and services can do so with potential financing from the United States Export Import Bank that will make their purchases available for financing,” he said.

Please click here to read more...