Tuesday, November 2, 2010

US to resume talks on Cambodian debt

The United States and Cambodia agreed on Monday to resume negotiations on settling a $445m dollars debt accumulated by a US-backed Cambodian military regime in the early 1970s.

Making her first visit to the South East Asian nation, US Secretary of State Hillary Clinton said she would send a team to reopen talks.

The talks, last held in 2006, about an issue that remains an irritant despite generally improving US-Cambodian ties.

Cambodian Prime Minister Hun Sen has called for the US to forgive what he has called the ”dirty debt” built up by the Lon Nol military government that came to power in a 1970 coup backed by Washington.

The Lon Nol government was toppled in 1975 by the brutal, ultra-Maoist Khmer Rouge regime under which an estimated 1.7 million people died in less than four years.

”We very much want to see this matter resolved and, as his excellency said, in accordance with Paris Club principles and in service of Cambodia‘s development,” Clinton told a news conference with Cambodian deputy prime minister and foreign minister Hor Namhong.
Source:The United States and Cambodia agreed on Monday to resume negotiations on settling a $445m dollars debt accumulated by a US-backed Cambodian military regime in the early 1970s. Making her first visit to the South East Asian nation, US Secretary of State Hillary Clinton said she would send a team to reopen talks. The talks, last held in 2006, about an issue that remains an irritant despite generally improving US-Cambodian ties. Cambodian Prime Minister Hun Sen has called for the US to forgive what he has called the ”dirty debt” built up by the Lon Nol military government that came to power in a 1970 coup backed by Washington. The Lon Nol government was toppled in 1975 by the brutal, ultra-Maoist Khmer Rouge regime under which an estimated 1.7 million people died in less than four years. ”We very much want to see this matter resolved and, as his excellency said, in accordance with Paris Club principles and in service of Cambodia‘s development,” Clinton told a news conference with Cambodian deputy prime minister and foreign minister Hor Namhong.

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