ministry of economy and finance

China Provides Additional Aid and Loans of US$1.2 Billion to Develop the Cambodian Economy – Tuesday, 22.12.2009

Norbert Klein Leave a comment

The Mirror, Vol. 13, No. 644

“The government of the People’s Republic of China had decided to provide aid and loans of US$1.2 billion to Cambodia to foster economic and social development.

“The decision to provide aid and loans was made public in the evening of 21 December 2009, during a meeting between officials of the Royal Government of Cambodia led by Samdech Akkak Moha Senapadei Dekchor Hun Sen and the Chinese Vice President, Mr. Xi Jinping [习近平], during his three day visit to Cambodia.

“The spokesperson of the Royal Government, Mr. Khieu Kanharith, spoke to journalists during a press conference, after the signing ceremony on 14 agreements, saying, ‘During this discussion, the Chinese government made public to provide aid and loans of US$1.2 billion to Cambodia, in addition to the US$930 million in loans that China has provided since 1992.’

“In the meantime, 14 agreements were signed by officials of the Royal Government of Cambodia and by officials of the Chinese government, in the presence of the Cambodian Prime Minister and the Chinese Vice President:

  1. Exchange note on the construction of a new office building for the Senate
  2. Exchange note on the restoration and conservation of a temple in Takeo
  3. Agreement about economic and technical cooperation with a grant of Yuan 50 Million [approx. US$7.3 million]
  4. Agreement about economic and technical cooperation with a loan of Yuan 50 Million [approx. US$7.3 million]
  5. Framework agreement about a concession loan for the construction of National Road 57B
  6. Framework agreement about a concession loan for the construction of National Road 59
  7. Agreement about a concession loan for the construction of National Road 57B
  8. Agreement about a concession loan for the construction of National Road 59
  9. Agreement about a general loan for the use of favorable loans for buyers
  10. Framework agreement on the provision of communication equipment to the Ministry of Economy and Finance
  11. Agreement about favorable loans for buyers for infrastructure at the Kompong Trabaek River in Prey Veng
  12. Agreement about favorable loans for buyers at the project to construct the national road from Sen Monorum to Dac Dam in Mondolkiri
  13. Agreement about favorable loans for buyers at the project to construct power lines to distribute electricity to areas around Phnom Penh
  14. Agreement on transport and infrastructure cooperation

“Mr. Khieu Kanharith added that during that discussions the Chinese vice president raised some points, including the request to increase visits between leaders of the two countries, the promotion of the exchange of political experience, and cooperation to support more Chinese enterprises in Cambodia, and the request for cooperation in the region and internationally.

“Responding to the Chinese vice president, Prime Minister Samdech Hun Sen said that Cambodia asked for the increase of visits at all institutional levels, like at city and at provincial levels, between both countries, and this request was agreed upon by China.

“Also, in the discussion, China promised to foster more tourism exchanges, and to continue to support Cambodia with funds, like though more loans for Cambodia. In the meantime, Prime Minister Samdech Hun Sen asked China to continue to create more exchange scholarships for Cambodian students to go to China.

“The Prime Minister also asked China to help to repair other temples in Cambodia, as there are many more needing preservation, and this request was welcomed by China. The head of the government stressed its position that Cambodia adheres to the One-China Policy, and the Royal Government expressed its gratitude towards China for continuing to support Cambodia, especially now China is also giving care and treating the illnesses of the former Khmer King Norodom Sihanouk.

“Also, China asked the Royal Government of Cambodia to clear unexploded ordnance in the areas where the railroad is to be constructed in Cambodia, and to provide warm cooperation for the Chinese officials in this work. Cambodia responded by agreeing and welcoming the requests of China.

“By now, China is the country that provides the most aid to Cambodia to developing the society and the economy, to reduce the poverty of Cambodian people, and Chinese aid has functioned successfully.” Deum Ampil, Vol.3, #367, 22.12.2009

Newspapers Appearing on the Newsstand:
Tuesday, 22 December 2009

Deum Ampil, Vol.3, #367, 22.12.2009

  • China Criticized America while America Criticized Cambodia over Deporting the Uighur People
  • China Provides Additional Aid and Loans of US$1.2 Billion to Develop the Cambodian Economy

Kampuchea Thmey, Vol.8, #2130, 22.12.2009

  • [The Former Minister of Social Affairs of the Khmer Rouge Regime] Ieng Thirith Was Charged with Three Crimes [genocide, war crimes, and other crime, which consist of killings, torture, and harassment of religious persons]
  • The Cambodian-Russian Bilateral Trade Amounted to More Than US$30 Million within 9 Months for This Year
  • Cambodian Doctors Appeal to the People to Trust Cambodian Doctors [rather than traveling abroad to seek medical treatment that costs more money]

Khmer Amatak, Vol.10, #701, 22.12.2009

  • The Authorities Must Identify the Wood Traders Who Hire Poor Citizens, to Enter Thai Territory [illegally] to Cut Trees and Are Victimized Continually [shot at by Thai soldiers]

Khmer Machas Srok, Vol.3, #560, 22.12.2009

  • The US Department of State Condemned the Phnom Penh Government That Deported Uighur People to the Chinese Government
  • Two Thousands People Protested against Environment Officials Grabbing 5,000 Hectares of Land in Mondolkiri

Koh Santepheap, Vol.42, #6837, 2.12.2009

  • A DK82 Shell Was Used as a School Bell, but It Exploded, Killing Three People and Injuring Three Others Seriously; It Was Fortunate that this Happened on a Sunday, when there Were no Students [Oddar Meanchey]

Krong Long Vek, Vol.7, #165, 21.12.2009

  • A Non-Government Organization [the Cambodian Human Rights and Development Association (ADHOC)], Asked the Government to Stop Providing Concession Land [saying that it affects thousands of families of villagers in Cambodia]

Phnom Penh Post [Khmer Edition], Vol.1, #72, 22.12.2009

  • China Thanked Cambodia for Deporting the Uighur People
  • A Daughter Asked [Prime Minister] Hun Sen to Help Intervene to Free Her Father, Mr. Hang Chakra [saying that he fell ill in the Prey Sar prison; the editor-in-chief of Khmer Machas Srok, Mr. Hang Chakra, was sentenced to serve 12 months in prison for disinformation over corruption of high ranking officials]

Rasmei Kampuchea, Vol.17, #5079, 22.12.2009

  • Cambodia and China Signed 14 Exchange Notes and Agreements Covering US$1.2 Billion [no clarity about the relation of grant aid to repayable loans]; China Announced that Cambodia Is an Absolute Political Cooperation Partner of the Chinese Government
  • America Condemns Cambodia for Deporting Chinese Ethnic [Uighur] People [saying that it violates international law (the UN Convention on the Status of Refugees, which Cambodia signed), warning that it might affect the ties between Cambodia and America]
  • [The Thai Prime Minister] Abhisit Vijjajiva: [the Thai ousted and fugitive prime minister] Thaksin Shinawatra Has to Come First to Serve His Time in Prison before Negotiating

Sereypheap Thmey, Vol.17, #1838, 22.12.2009

  • [The Minister of the Council of Ministers] Sok An Assigns [senior minister in charge of border affairs] Var Kimhong to Explain the Setting of Border Markers at the National Assembly on 24 December 2009

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