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Showing posts from April, 2009

Looking at G20 meeting from Cambodian's eyes!

The G20 meeting this week has been a breaking and historic achievment of the world to combat current economic crisis as some leaders described. For Cambodia, a country which is also affected by the downturn, G20 meeting could at least contributed some improvements to the country's current efforts. More resources to IMF : The world leaders have agreed to add US$ 500 billion to IMF so that the organization could make it available for developing countries who are in the crisis. Cambodia could take this opportunity to continue improving her rural infrasture, sharing growth to remote areas. As some workers lost their jobs and returned to farming, building more rural roads and irrigation system will improve their livelihoods. Keeping aid promise : Although most world economic leading countries are facing recessions, they have no plans to cut aid to poorer countries. This is good news for Cambodia, who depends on foreign aid and non-governmental organizations' participations. No mor...