Phnom Penh (FN), Feb. 27 – Cambodian prime minister Hun Sen said that Cambodia may lose access to concessional loans offered by the development partners as the kingdom will soon graduate from the Least Developed Countries (LDC) status.

The premier spoke at the graduation of more than 5,000 students of National Technical Training Institute, held on Monday (Feb. 27) at OCIC, Phnom Penh.

Premier Hun Sen underlined that Cambodia needs loans from development partners to build infrastructure, roads, bridges, etc. to help promote the development of the country.

“If we are a poor country, we can borrow loans at concessional interest rates. However, since we will exit the LDC status soon, I would like to ask our development partners to continue to lend us at the concessional interest rates,” the premier added.

On that occasion, Samdech also mentioned the plan to develop Cambodia's existing railway to become a high-speed railway, but he want to see foreign investments to invest through BOT (Build, Operate, Transfer) rather than borrowing money from overseas.
=FRESH NEWS