Khmer Movies

sam sameth

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Nao Moeun

2 mins · Paris, France ·

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Sam Rainsy

3 hrs ·

០៨ កក្កដា ២០២០ - 08 July 2020 - Cambodia must end usurious interest rates (*)

លោក សម រង្ស៊ី ប្រាប់ទៅលោក ហ៊ុន សែន ថាឲ្យឈប់លេងបាយឡុកបាយឡទៅ ក្នុងវិស័យសេដ្ឋកិច្ច និងហិរញ្ញវត្ថុ។ លោក សម រង្ស៊ី ស្នើឲ្យមានវិធានការជាក់ស្តែង ចំមុខសញ្ញា និងក្នុងទ្រង់ទ្រាយធំសមរម្យ ស្របទៅនឹងសេចក្តីត្រូវការរបស់ប្រជារាស្ត្រខ្មែរ ពេលប្រឈមមុខវិបត្តិសេដ្ឋកិច្ចដ៏ធ្ងន់ធ្ងរ ដូចសព្វថ្ងៃ។

(*) In this today's interview with Radio free Asia's Chun Chanboth, Sam Rainsy recalls his attempts to put an end to usurious interest rates in Cambodia:

1- In February 2015, as Cambodia's official "Minority Leader" he wrote to Hun Sen to suggest capping interest rates, which reached 50% per year or even more at that time.

2- Two weeks later, Hun Sen rejected Sam Rainsy's suggestion also in writing, citing "practical problems" and the "need to preserve the growth of the microcredit sector."

3- Finally, two years later, in March 2017, the Hun Sen government capped interest rates at 18%.

4- Earlier this year, in the context of the COVID-19 pandemic, Sam Rainsy denounced on his Facebook page Cambodia's persistlenly and abnormally high interest rates. Hun Sen indirectly responded by calling on banks and microfinance establishments to "show understanding" to their clients. But nothing concrete has happened since. Interest rates -- even capped at 18% -- remain very high in Cambodia at a time when they tend toward zero in many other countries. Sam Rainsy calls now for a cut in the maximum lending rate to 5%.