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Article

9 Aug 2011

Author:
Prak Chan Thul, Reuters

World Bank stops funds for Cambodia over evictions

The World Bank said on Tuesday it had stopped providing loans to Cambodia and would not resume lending until the government did something to help hundreds of families facing eviction from land around a lake in the country's capital, Phnom Penh...Forced evictions are a major problem in Cambodia, with an estimated 30,000 people a year driven from farmland or urban areas to make way for real estate developments or mining and agricultural projects...The World Bank has made a stand over the Boeung Kak Lake area, where 10,000 people face eviction to make way for a luxury real estate project led by China's Inner Mongolia Erdos Hongjun Investment Corp, an unlisted firm that has pledged to spend $3 billion in Cambodia on real estate, metal processing and power generation...

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Cambodia: World Bank stops lending to Cambodia over forced evictions at Boeung Kak site

Cambodia: Erdos Hongjun Investment pulls out of Boeung Kak project – a planned development in Phnom Penh that has evicted thousands