Cambodia is a small Southeast Asian country, very poor, still needs the assistance of the big countries, and has borrowed a lot of money from the big countries. How much does Cambodia owe to foreign debt? Check out this news:
According to Cambodian media reports, a report released by Cambodia's Ministry of Finance and Economy shows that as of the end of June 2023, Cambodia's public debt totaled US$10.72 billion, which is still at a manageable level. The report notes that 99.57 per cent ($10.67 billion) of this amount is public external debt and the rest is domestic debt.
While 64 percent of public debt comes from bilateral development partners, multilateral development partners account for 36 percent and domestic debt accounts for only 0.43 percent, the report said.
Bilaterally, China is Cambodia's main concessional lender with $4.08 billion, or 38.2 per cent of total public external debt, followed by Japan ($1.13 billion) and the Republic of Korea ($528 million), while multilaterally, Cambodia borrows $2.22 billion to the Asian Development Bank and $1.26 billion to the World Bank.
Specifically, to erase the fractions, Cambodia owes $4 billion to China, $1.1 billion to Japan, and $500 million to South Korea.
In addition, Prime Minister Hun Sen said some time ago that Cambodia needs $200 million to build the Mekong River bridge, and if China gives $100 million, he will gladly accept it. Cambodia is by no means an enemy of money. Whoever gives money wants.
Of course, this sentence has become a joke and spread on the Internet, and I wonder if Prime Minister Hun Sen's wish will be fulfilled. Let's wait and see.
Cambodia owes so much foreign debt, when will it be able to pay it back? And these countries lend so much money to Cambodia, is it poverty alleviation? But looking at the photos of the Hun Sen family, his family is not poor at all.
Hun Sen has many famous watches, his daughter has jewelry, and his niece Hong Jinling (wife of First Deputy Prime Minister Neshavin) has a feast of red roses. Even the prime ministers of developed countries are not so rich.
See Hun Sen wearing a famous watch, his daughter's ruby jewelry and emerald jewelry, and his niece's feast of red roses, and the luxurious attire of those guests at the banquet.
Can this say that Cambodia is poor? Hun Sen earns $2,200 a month, and his subordinates earn even lower, so why do they have such a luxurious life?
Cambodia owes so much foreign debt, can't it afford to pay it back? Look at the luxurious life of their officials, they can really afford to pay off foreign debts.
(This article was exclusively published in today's headlines, the author is "Mengli Pengshan Road", and other platforms published or published by other authors in the headlines are also marked as plagiarism!) Porters avoid traveling, otherwise they will be held accountable, and they will bear the consequences! ）
Cambodia will not borrow money from foreign countries in the future. There is no money for Hun Sen and his officials to donate some. It is also easy to repay foreign debts, just confiscate the property of a few corrupt officials.
Finally, I ask a question, why are all Asian countries lending money to Cambodia, and developed countries in Europe and the United States refuse to lend money to Cambodia? I heard that the new Prime Minister Honmane is going to visit the United States, will he persuade the United States to lend him money?