Cambodia offers US three options to resolve war era debt

The Cambodian government has asked the United States to consider three options in a bid to wipe out a 1970s war era debt that stands at more than US$700 million.

A request was made through US Deputy Secretary of State Wendy Sherman, who made a whistle-stop trip to Cambodia this week when she met with Prime Minister Hun Sen.

The premier’s personal secretary Eang Sophalleth said Hun Sen had proposed three mechanisms for resolving the debt: allowing Cambodia to repay gradually, repayment with an interest rate of 1 percent, or turning more than 70 percent of the debt into development aid for Cambodia covering education, culture and de-mining.

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