PHNOM PENH, April 17 (Xinhua) -- The Cambodian government has signed concessional loan agreements in a total amount of 8.3 billion U.S. dollars with bilateral and multilateral partners from 1993 to 2016, according to the Cambodia Public Debt Statistical Bulletin on Monday.
The bulletin, released by the Ministry of Economy and Finance, said that for bilateral partners, Cambodia has signed to borrow 3.6 billion dollars from China, 899 million dollars from Japan, 510 million dollars from South Korea, 124 million dollars from France, 86.6 million dollars from Thailand, 75 million dollars from India, 44.5 million dollars from Vietnam, and 7.8 million dollars from Malaysia.
For multilateral partners, the Southeast Asian nation has inked to borrow 2 billion dollars from the Asian Development Bank, 794 million dollars from the World Bank, 87 million dollars from the International Fund for Agricultural Development, 70 million dollars from OPEC Fund for International Development, and 10.6 million dollars from Nordic Development Fund.
The bulletin said that the present value of public external debt to GDP was 22.5 percent, far lower than the threshold of 40 percent.
Based on the international best practice, Cambodia's public debt remains sustainable and low risk of debt distress, it said.
According to the bulletin, over the period, the government has made debt service payment of 885.5 million dollars, in which 497 million dollars was principal and 388.5 million dollars was interest and other fees.
