09 Aug '11, 10am

World Bank halts loans to Cambodia until the government helps families in Phnom Penh facing eviction

World Bank halts loans to Cambodia until the government helps families in Phnom Penh facing eviction

The World Bank said on Tuesday it had stopped providing loans to Cambodia and would not resume lending until the government did something to help hundreds of families facing eviction from land around a lake in the country's capital, Phnom Penh. -- PHOTO: AP PHNOM PENH (REUTERS) - THE World Bank said on Tuesday it had stopped providing loans to Cambodia and would not resume lending until the government did something to help hundreds of families facing eviction from land around a lake in the country's capital, Phnom Penh. 'The World Bank's last loan to Cambodia was in December 2010,' Country Director Annette Dixon said in a statement. 'Until an agreement is reached with the residents of Boeung Kak Lake, we do not expect to provide any new lending to Cambodia,' she said. In the past few years, the World Bank has lent Cambodia about US$50 to 70 million (S$60.7 to 85.1 million)...

Full article: http://www.straitstimes.com/BreakingNews/SEAsia/Story/STI...

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