Hun Sen Urges Action to Double Region’s Bailout Fund
Prime Minister Hun Sen on Friday urged the economic leaders of the Asean bloc to go through with a plan to double a bailout pool, funded largely by China, Japan and South Korea, to prevent future financial crises in the region. Opening the Asean Finance Ministers’ Meeting in Phnom Penh, Mr. Hun Sen highlighted the risk of future financial crises as economies in the West continue to experience slow growth. While economic growth across Asean was 4.3 percent last year, there is still a risk that exports to the US and countries in the European Union could experience a downturn, he said. …
