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PM: Ease debt load on flood victims

PM: Ease debt load on flood victims

Prime Minister-designate Hun Sen on Thursday urged the National Bank of Cambodia (NBC) and the Ministry of Economy and Finance (MEF) to work with all microfinance institutions (MFIs) to find ways to ease debt burdens on those displaced from flooding in the Kingdom.

“I would like to call on the NBC and the MEF to work with MFIs to sympathise with the people who suffer from flooding,” Hun Sen said during a speech in front of Kandal province workers.

The prime minister said there should be allowances made for repayment periods or interest waivers until the difficulties of farmers are reduced.

“The rice they had grown and the crops they had planted are all damaged, so they cannot follow their repayment schedules.

“Please do not confiscate their property. Delay their payment periods and suspend interest charges,” he appealed.

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