PHNOM PENH, Feb 9 (Reuters) - The United States has refused a request by Cambodia to write off $317 million in debt, but has instead agreed to reschedule the impoverished country's loan repayments, a top U.S. official said on Tuesday.
The United States also declined to convert the debt into development aid but would work out a plan for Cambodia to pay back the loans, which date back to the 1970s, U.S. Deputy Assistant Secretary of State Scot Marciel said.
"The U.S. position is that Cambodia has recognised its debt," Marciel told reporters during a visit to Phnom Penh. "We think Cambodia should begin the payment, which the Cambodian government has not been willing to do."
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