Sunday, November 29, 2009

Cambodia B1.4bn loan still on[- Will Hun Xen still accept Thai charity?]

29/11/2009
Bangkok Post

Prime Minister Abhisit Vejjajiva said yesterday Cambodia's decision to scrap a 1.4 billion baht loan from Thailand to subsidise a road improvement project was the result of a misunderstanding.
He was responding to a news report which quoted Cambodian Foreign Ministry spokesman Koy Kuong as saying Phnom Penh decided to cancel the loan.
Mr Abhisit said Cambodia thought Thailand terminated the loan so it sent a letter to inform the government that it would cancel the loan.
He said talks were under way to correct the mix-up. "Cambodia thought we had cancelled [the loan], so they sent a letter to cancel it," Mr Abhisit said.
"In fact, the cabinet hasn't made a decision on the loan scheme."

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