PM defends Cambodia’s loan strategy: No debt trap

Prime Minister Hun Manet speaks during the launch of the Choeung Ek sewage treatment plant in Phnom Penh on Dec 27. - FN

PHNOM PENH: In an effort to allay fears of a debt crisis, Prime Minister Hun Manet assured that Cambodia is safeguarded against any potential debt trap due to stringent annual budget laws that establish a clear debt ceiling.

He emphasised that the Kingdom’s foreign loans are strictly utilised for economic development purposes, aiming to ensure a stable financial future for the nation.