Cambodia is a small country in Southeast Asia, the economy is very difficult, it has always needed foreign help, and it has borrowed a lot of money from foreign countries. How much is Cambodia's external debt?Let's take a look at the news:
Cambodia** reported that a report released by the Ministry of Finance and Economics of Cambodia showed that as of the end of June 2023, Cambodia's total public debt was 107$200 million, still manageable. The report states that 99 of them57%（106.$700 million) is public external debt, and the rest is domestic debt.
According to the report, 64 percent of public debt comes from bilateral partners, 36 percent from multilateral partners, and only 043%。
On the bilateral side, China is Cambodia's main concessional loan**, with a loan amount of 40US$800 million, or 38.8 percent of total public external debt2%, followed by Japan (11.).$300 million) and South Korea (5$2.8 billion);On the multilateral front, Cambodia has lent 22$200 million, 12$600 million.
To put it simply, excluding decimals, Cambodia owes China $4 billion, Japan $1.1 billion, and South Korea $500 million.
In addition, Prime Minister Hun Sen said that Cambodia needs $200 million to build the Mekong Bridge, and if China can contribute $100 million, he will be very happy. Cambodia doesn't grudge people because of money. Whoever gives the money can do it.
Of course, this sentence was spread by netizens as a joke, and I don't know if Prime Minister Hun Sen's wish can be realized. Let's wait and see.
Cambodia has borrowed so much foreign debt, when will it be able to pay it off?And why do these countries lend so much money to Cambodia, is it for poverty alleviation?But look at the ** of the Hun Sen family, they are not poor at all.
Hun Sen has a lot of expensive watches, his daughter has precious jewels, and his niece Hong Jinling (wife of First Deputy Prime Minister Neshavin) has a lavish banquet of red roses. Even the prime ministers of rich countries are not so rich.
Seeing is believing, see Hun Sen wearing a watch, his daughter's ruby and emerald ornaments, and his niece's red rose banquet, as well as the expensive costumes of the guests at the banquet.
Can this be said that Cambodia is poor?Hun Sen earns $2,200 a month, and his subordinates are paid even less, why can they live such a luxurious life?
Cambodia has borrowed so much foreign debt and has not repaid, is it because it can't afford to pay it back?Look at their ** luxury life, they can really afford to pay off their foreign debts.
Cambodia should stop borrowing money from foreign countries in the future. It would be nice to have any money for Hun Sen and his ** to donate some. It is also simple to repay foreign debts, just investigate and deal with a few ** and confiscate their property.
Finally, let me ask a question, why are all Asian countries lending money to Cambodia, and developed countries in Europe and the United States are reluctant to lend money to Cambodia?I heard that the new Prime Minister Hun Mane is going to visit the United States, will he persuade the United States to lend him money?