1/7 In a statement issued Sunday, the banned opposition CNRP told RFA that the outbreak has cost millions of Cambodians their jobs and incomes, specifically highlighting the plight faced by those indebted to lenders.
#Cambodia #debt #SamRainsy
rfa.org/english/news/c…
#Cambodia #debt #SamRainsy
rfa.org/english/news/c…
2/7 “The most serious issue is that people are facing a debt crisis,” the statement read, adding that based on research by nongovernmental organizations, some 2.5 million people owe money that they cannot repay.
3/7 “The CNRP has reiterated its appeal to the Phnom Penh government to put in place strict measures to delay or suspend the payment of debts to microfinance institutions or banks for at least three months and to protect properties from confiscation.”
4/7 The party also called for the introduction of a stimulus package to help those lenders impacted by such government measures.
5/7 #SamRainsy said the measures his party has proposed would not be permanent, and only in effect during the pandemic.
6/7 “We need a collective solution for two to three million people who are in debt and currently are unable to pay,” he said, adding that if the economy had not improved during a 3-month moratorium on interest and principle payments, “we would need to continue the suspension.”
7/7 Those affected by the outbreak “should not need to request relief,” he said. “Banks and microfinance institutions simply need to stop asking people to repay their debts until the outbreak is over.” #SamRainsy
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