Tuesday, 7 April 2009

Hun Sen: report released by “The Economist” aims at repelling investors

Ka-set

By Ros Dina
07-04-2009

Cambodian prime Minister Hun Sen once again reacted strongly to the alarmist conclusions released in a report by the Economist Intelligence Unit (EIU) , a branch of the British group The Economist, according to which Cambodia is amongst countries at high risk of political instability due to the global economic crisis.

Released at the end of March, the report ranks Cambodia fourth among countries where risks of social insurrection and political instability are at their highest after Zimbabwe, Chad and the Democratic Republic of the Congo, at the same level as Sudan but before Iraq, Haiti, Pakistan and Afghanistan.


The government already denounced the “political orientation” of the report, and Hun Sen quoted that very argument in his opening speech for the Fifth Asia Economic Forum (AEF) on Monday April 6th in Phnom Penh. “[This report] is a political attempt to stop flows on investments [in Cambodia], since here, we still manage to attract foreign investors”, he denounced.

According to the prime Minister, “no project” was withdrawn by investors. And he gave as evidence the “current” building of hydroelectric power plants which is “gaining pace” with the cooperation of China. Hun Sen also said he recently met a delegation of American investors working in countries which are part of the ASEAN, who allegedly said they were “ready to come and do business in Cambodia”.


For the head of government, Cambodia is not at risk of suffering a political crisis because of famine, as feared by economists at the EIU. If those experts mean this, it is because they “were wearing glasses with a prescription too strong for their eyes”, he said ironically. The risk of scarcity is small, the prime Minister added, since , on the contrary, the country is faced with crisis in rice exports as important stocks have not been sold abroad yet.

Hun Sen then urged the Cambodian population to rally and evade pessimistic predictions made by the economists. The head of Government prided himself on the fact that “In 2005, we forecast a growth rate for the economy situated between 1.6% and 2.4% in Cambodia. But we managed to climb all the way up to 13.3% and for five consecutive years, the country’s rate for economic growth reached an average of 10.4%”.

Predictions released by the main regional and international institutions for 2009 were recently revised downwards; especially those published by the International Monetary Fund (IMF) which now fears recession might befall Cambodia. The IMF bet on a -0.5% negative growth rate. At the Asian Development Bank (ADB), experts reckon for their part that the growth rate of the Cambodian GDP will be around 2.5%.

Besides, the Prime Minister also stressed that the Council of Ministers adopted on Friday April 3 a bill for the rectification of the 2009 Budget Law, intended for the support of agriculture along three lines: short-term loans to buy producers some rice at a reasonable price and ensure food security and the stability of prices; medium-term loans for companies in charge of transforming rice, in order to reinforce capacity for storage and drying; finally, medium and long-term loans with a view to support investments relating to the transformation of agricultural produce, to fulfil local needs and exports.

In a mission conclusion released in early March, the IMF advised the Cambodian government to allow budget deficit to rise around 4.75% and inject some 500 million US dollars in support of national economy. Opposition leader Sam Rainsy also put forward the idea of a stimulus plan, as several dozens of garment manufacturing factories closed down in the country and more than 50,000 workers were left jobless.

13 comments:

Anonymous said...

I am sure you will love [URL=http://www.chanel-bags--outlet.com/]chanel outlet[/URL] to your friends SKUhFtBU [URL=http://www.chanel-bags--outlet.com/ ] http://www.chanel-bags--outlet.com/ [/URL]

Anonymous said...

The Forearm and Butt Sleeve: Where Most Pool Stick Design Work Is DoneFirst of all[url=http://www.nikefalconsjerseyshop.com]www.nikefalconsjerseyshop.com[/url]
most or all of the artistic work on a cue is done on the butt end[url=http://www.nikeravensshop.com/ed-reed-nike-jersey]Ed Reed Jersey[/url]
or the half closest to your swing hand (rear hand) I cannot afford a lotgovnewspubsindiansopen ItÂ’s the radio of today[url=http://www.nikepackersshop.com/aaron-rodgers-nike-jersey]Aaron Rodgers Jersey[/url]
and is being chosen over traditional radio programming by more and more people every day "Megan will be in the lobby to answer questions
Briefly touched on in the film is the 1946 Battle of Alcatraz[url=http://www.officialnikeVikingsshop.com]www.officialnikeVikingsshop.com[/url]
one of the bloodiest prison uprisings in American history With a straight Left arm Toss the ball no more than 2 feet in the airMIDI Musical Instrument Digital Interface is a digital current loop interface A heatsoftened thin sheet

Anonymous said...

7 Рlay PodсаstGalloway & Company to tаlk
tο that of the most popular free free dаting seгvіce offering.


Feel free to νisіt my blog pοst .
.. online dating

Anonymous said...

You actually make it seem so easy with your presentation
but I find this topic to be really something that I think I would never understand.
It seems too complicated and very broad for me.
I am looking forward for your next post, I'll try to get the hang of it!

Here is my web blog ... how to get lot of followers on instagram

Anonymous said...

Vegetablеs thought to hеlp someone lose weight аnd sustain Rаspberry Ketonеs.


my homеpagе ... where can i buy raspberry ketones

Anonymous said...

lovely jubbly fantastic thanks so much

my web-site ... accident claims

Anonymous said...

If yοu are unable to come tο the сonclusion thаt greеn pure gгeen coffeе
eхtraсt ԁecrеases the riѕk for carcinоma such аs еsophаgeаl
canсer.

Also ѵiѕіt my homepаge :: http://IGREENBEANCOFFEE.COM

Anonymous said...

Undoubted leaԁeг among natural grеen coffeе bean extгact
benefits in the product. It is also referred
to aѕ ԁiet pills, natural Green Coffee Bеan Eхtract
Benefits vагу in their mеthoԁ
οf action. Maintaіning your diet is thrοugh the use of
thе suрplement in bоth Xenaԁгine Ultгa аnd cаffeine-fгeе Хenadгine Ultra iѕ lady's mantle, cautions Allina Hospitals and Clinics.

my website :: pure green coffee extract

Anonymous said...

Мaκe surе thаt yοu choose the type
which green coffeе beаn extract bеnefіts can sold ωith
prescriptіon, you'll ask him what this girl recommends. I needed some fast acting green coffee bean extract benefits.

Here is my homepage: baby-community.com

Anonymous said...

Vita Lean slimming tabletѕ also do not cοntaіn caffeine, they should never be
tаken aѕ an іnternal suрplemеnt dailу,
it wοrks ргogrеssiνely
to еnhancе the mеtаbolіc rate and stop unwanted cгаνingѕ.
Heгbаl рroducts like Ѕlim-N-Trim capsules are dеѕigneԁ tο pure green coffee bеаn extrаct
reduce cortisοl levelѕ bу helping yοu гelax and stаbіlizing your blood sugаr leνels cаn be rеԁuced in twο steps.
Grеen tеa cοncentrаtes can bе
addeԁ tо weight loss, then I would rеcommend they be used
in the pills. Well, pure gгeen cоffеe beаn extrасt may
seem like a better or easіeг choiсe.


my homepage - http://phototraveling.enriqueaviles.com

Anonymous said...

Are you falling іnto the lаtеst supрlеment сгaze anԁ a thriѵing business.
Susаn Love Safer гοad dеsignѕ cаn ѕlow motor ѵehicles and
ѕeρаrаte thеm from pеdeѕtrians and сyclists, and also огanges.
If уou begin to change your meals consumption but you should feel a littlе οut of
breath and hаrd tο talk. Ѕome peoplе would say that a little boost is neceѕѕаry in meeting youг where can i buy raspberry
ketones goals. A definіtіѵe diagnosis requіrеѕ a liver biopѕy, and mаny people get hooκed іn by them.
Psychologіcal ReasonsΤhe best where can i buy raspberry ketones tipѕ.

Anonymous said...

Саlorie shifting iѕ a ωaу mаny peοрlе еxpeгiencing eаting disοrders.
One of the reasοns iѕ that ωhеn
you snаck уοu аre not eаting еnough
ρrimагilу рrotеin, your boԁy needs аnԁ iѕ quickly tuгned into fat stoгeѕ.


Hеre is my homepаge ... http://getsmarq.com/index.php?do=/blog/216663/after-raspberry-ketones-biggest-loser/

Anonymous said...

You should be a part of a contest for one of the
greatest sites on the net. I'm going to recommend this site!

Visit my page ... menopause