Friday, 9 October 2009

Int'l monetary agencies should respect independence of Cambodia: Cambodian PM

(Post by CAAI news Media)
PHNOM PENH, Oct. 8 (Xinhua) -- Cambodian Prime Minister Hun Senon Thursday expressed his dissatisfaction of the international monetary institutions who are working with the Cambodian government.

The international financial agencies such as the World Bank and IMF always impose conditions for their assistance for Cambodia when they want to provide development projects to the country, the premier said at the celebration of the 30th anniversary of the reestablishment of National Bank of Cambodia.

"They told us to do this and that and in fact they could not do that," he said, adding that "they have to respect independence and sovereignty of the country."

Meanwhile, Hun Sen also ordered his government officials should not only say "yes or Ok" as following with those partners. "They should not have their hands into the work of the country. They are development and cooperation partners," he noted.

He said that now the World Bank is starting working with the government to study about the impact of the typhoon storm "Ketsana" which hit Cambodia last week. The aid will be provided to help and develop the storm hit regions, he said. "But if it is complicated, we have to stop the projects and we will use our own money." So far, at least 17 Cambodian people died of storm.

Last month, Premier Hun Sen ordered his officials to terminate the land titling program with the World Bank.

Editor: Li Xianzhi

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