No sign World Bank will renew funds
Just over a year since the World Bank froze its funds to the government, the bank yesterday reiterated that a decision on whether or not it would start providing loans again remains nowhere in sight. In August, the World Bank announced that it would not provide Cambodia with new funds until an agreement was reached with the residents of Boeng Kak lake who had been forcibly evicted from their homes by a firm owned by a CPP senator. The decision followed an independent report produced by the World Bank’s executive branch, which concluded that its own $24.3 million land-titling project had in fact stripped Boeng Kak lake families of their land rights by denying them land titles…
