Cambodia International Political Economy

Both Russia and the International Monetary Fund (IMF) have both agreed to write off large portions of Cambodian debt according to Xinhua.

The relief on the Cambodian economy accounts for 70 percent of its $1.5 billion debt to Russia and $82 million of debt own to the IMF.

The debt relief will help the Cambodian economy significantly as emerging markets continue to battle the global economic downturn.