The Nation on Sunday
Prime Minister Abhisit Vejjajiva yesterday said Cambodia's move to cancel a Bt1.4-billion loan from Thailand had been caused by a misunderstanding.
He said it appeared the Cambodian government had come to the conclusion that Thailand would not extend the loan, and therefore decided to pre-emptively cancel the deal.
"There was some confusion. On one hand, they wanted us to confirm we would lend them the money and on the other hand, they were afraid we would not extend the loan to them. So they opted to cancel the loan first," Abhisit said.
"If there had been proper coordination, there would have been no problem. I think the problem will be sorted out in the end," he added.
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