Written by DAP NEWS -- Tuesday, 27 October 2009
(Posted by CAAI News Media)
The Indian Government has vowed to provide US$15 million in loans to Cambodia in order to promote social and economic development, according to a high-ranking official on Sunday.
The Indian came following Cam- bodian Prime Minister Hun Sen’s bilateral talks with Indian Prime Minister, Manmohan Singh at the 15th ASEAN summit in Hua Hin, Cha-am, Thailand.
“During talks between the Hun Sen and Indian prime minister, India promised to provide US$15 million in loans to the Cambodian Governm- ent,” Deputy Prime Minister and Foreign Affairs Minister Hor Namhong told reporters at a press conference on Sunday at the Phnom Penh International Air Port following his return from the ASEAN summit with the premier.
The minister added that Hun Sen asked to the Indian PM to return help build electricity lines from Pailin province, to Kratie and into Stung Treng province. The Indian prime minister apparently agreed. Hun Sen also asked India to keep the same loan interest rate of 0.2 percent. India wanted to increase it to 0.5 percent, but then agreed to Hun Sen’s request.
“The two parties agree to cooperate in protection and premier Hun Sen asked India to help anti-terrorism, and the Indian premier agreed,” Hor Namhong added.
Premier Hun Sen invited Singh to make a formal visit visit to Cambodia. India agreed, the minister confirmed.
Hun Sen also requested India continue the care and repair of ancient Cambodian temples such as the iconic Angkor Wat.
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