Federation Council approvesdebtsettlement deal with Laos
RBC, 22.12.2008, Moscow 12:40:16.
The Russian Federation Council has ratified an agreement between the governments of Russia and Laos on the settlement of the republic's loan debt to Russia denominated in rubles. According to Mikhail Margelov, chairman of the Federation Council's foreign affairs committee, the agreement provides for the restructuring of Laos's total $1.3bn debt from November 1, 2003. Laos now has the right to refrain from paying 70 percent of the sum, while the other 30 percent is subject to negotiations and must be fully repaid in accordance with the payment schedule. Furthermore, the consolidated sum and interest rate can be used by Russia in exchange for its share in environmental protection and other projects on the territory of Laos. Moreover, Russia is entitled to exchange the country's debt for certain products and services. http://www.rbcnews.com/free/20081222124016.shtml
Federation Council approvesdebtsettlement deal with Laos
RBC, 22.12.2008, Moscow 12:40:16.
The Russian Federation Council has ratified an agreement between the governments of Russia and Laos on the settlement of the republic's loan debt to Russia denominated in rubles. According to Mikhail Margelov, chairman of the Federation Council's foreign affairs committee, the agreement provides for the restructuring of Laos's total $1.3bn debt from November 1, 2003. Laos now has the right to refrain from paying 70 percent of the sum, while the other 30 percent is subject to negotiations and must be fully repaid in accordance with the payment schedule. Furthermore, the consolidated sum and interest rate can be used by Russia in exchange for its share in environmental protection and other projects on the territory of Laos. Moreover, Russia is entitled to exchange the country's debt for certain products and services. http://www.rbcnews.com/free/20081222124016.shtml
no free lunch... we seemed to have to sacrifice something for thing...
kuc bard nee.... so typical of Laos.. those who took the loan already build their mansions and had enough SUV... now, the citizens will be paying for it... i wonder what are those loans for? construction of roads? schools?
30 % of $1.3 billions is $390 millions. Ouch. The article does not say what is the interest rate. The government should quickly give the Russians land concession right away so that the principle can be wiped out. I propose that they either give the whole province of Champassak or Attapeu just as the Chinese has already got control of a couple northern provinces.
kuc bard nee.... so typical of Laos.. those who took the loan already build their mansions and had enough SUV... now, the citizens will be paying for it... i wonder what are those loans for? construction of roads? schools?
No Seeharhed, not for education nor public welfare but to support institutionalization of communism in laos. Try to find out when the loan was granted and you will understand.
kuc bard nee.... so typical of Laos.. those who took the loan already build their mansions and had enough SUV... now, the citizens will be paying for it... i wonder what are those loans for? construction of roads? schools?
Just wonder how many loans like this loan from different countries and where are those money go .
30 % of $1.3 billions is $390 millions. Ouch. The article does not say what is the interest rate. The government should quickly give the Russians land concession right away so that the principle can be wiped out. I propose that they either give the whole province of Champasak or Attapeu just as the Chinese has already got control of a couple northern provinces.
Chinese took some land and then Vietnam and then Russia so who is next Thailand or south Korea, Malaysia , Taiwan...cute
Just wonder who posted this topic and talked about the truth and not afraid to be accused to be Patikan also surprised that this topic has not been deleted yet or closed . Is this a true news or roomer ?
does anybody know what project that 1.3 billion went towards? that is a surprising amount for loans, especially if it was made in 2003
Deathep , Laos took a lot of loans from a lot of countries and failed to pay them back many times and it is no surprise ,isn't it ? But the loan from the Russia , Vietnam and China and they are our allies and they want their money back with profit just like the other investors. So if Laos could not pay them back in cash so they will take land like the Chinese controlled the land in the northern part of Laos to build casinos and the Vietnamese for their rubber plantation and other land to build resource for golf . So the Russia would like to do the same . The questions are how much and how many loans that Laos has in debt right now any body have the authority to audit the national treasure fund. Any one dare to question the high rank government or dare to speak out ? I am sure there are always enough of excuses and some explanations but every loans and foreign aid money are always disappeared and nothing had been done time after time. So Brother Deathep don't speak to loud otherwise you will be accused to be patikan. Laos is going to loan a lot of money from the Japanese and also the world bank , Australia , south Korea , Taiwan and a lot of countries and those countries are willing to help Laos and there will be more money from the free world as well if they see the confident that Laos is capable to manage the money and capable to make profit out of their money and be able to pay back the loans with profit. So far government took the loan and spent the money and become broke again .So no matter how much Laos take the loan and then the money will be disappeared nothing have been done and no factories have been built.
Taking the loans to build the roads and railroads so the investors could build their factories and the business and created jobs for the local Laotian or building schools or occupation center to train the Lao people the skill for jobs and the industries that are good investments if just took the loan and spent the money and keep on taking more loans and doing nothing and the money keep disappearing so our children and grandchildren and great and great grandchildren will be in debt and be slaves for centuries to come and perhaps Laos will be owed by the other nation indirectly.
I can't believe brother BLM did not even say goodbye to us. If he did not say goodbye that means he might come back. I miss reading his reply especially on this topic.
I can't believe brother BLM did not even say goodbye to us. If he did not say goodbye that means he might come back. I miss reading his reply especially on this topic.
You know who would know? only SeeHarHed and Konthakhek would know.
It is so sad indeed to know that the poor country like us have to repaid the debt which we never know when we borrowed? Where all the money go ? Better the Government Agency have to come out and speak the truth of everything. who signed the load? where the money goes? what project the money has been using?
We as Lao citizen need to know now, right now , not tomorrow or next time...
Taking the loans to build the roads and railroads so the investors could build their factories and the business and created jobs for the local Laotian or building schools or occupation center to train the Lao people the skill for jobs and the industries that are good investments if just took the loan and spent the money and keep on taking more loans and doing nothing and the money keep disappearing so our children and grandchildren and great and great grandchildren will be in debt and be slaves for centuries to come and perhaps Laos will be owed by the other nation indirectly.
sorry our Government know only to spend the money, they don't know how to earn the money.
You have no right to know where and when the huge sum of money had been borrowed and where it has gone but you have the obligatory right to pay it, directly or indirectly and your children, grandchildren and grand-grand children are not excluded. and you have to think : how much cost a russian tank, a russian made war plane, helicopter, trucks, ammunitions for our army not including the bridges, hospitals and schools... as we are no more of any use for them ( Russians) they are showing the bill... Fair ? hehe ! poor me !
You have no right to know where and when the huge sum of money had been borrowed and where it has gone but you have the obligatory right to pay it, directly or indirectly and your children, grandchildren and grand-grand children are not excluded. and you have to think : how much cost a russian tank, a russian made war plane, helicopter, trucks, ammunitions for our army not including the bridges, hospitals and schools... as we are no more of any use for them ( Russians) they are showing the bill... Fair ? hehe ! poor me !
According to the Russian Federation Council that was not an arm deal loan specially in 2003 that was a loan. So Russian Federation council only mention 1.3 billion loan and Laos must pay back the loan in schedule. Laos took a lot of loans from the other countries and failed to pay them back in the past but the other countries lost their money and could do any thing about it . So Laos have very bad credit. But China, Vietnam and Russia will not take the lost so the China took the controlled of the land and the wood in the northern part of Laos for the leasing of 90 years to build casinos . The Vietnamese in the southern part of Laos for rubber plantation and resources for golf course and building Vietnamese town and the Chinese will build the China town in Vientian close to That Luang. Now Russia wand some land also. Laos will lease the land to the other countries for 90 years and the money which were already disappeared. Just wonder for leasing the farm land to south Korea , Taiwan and other countries as well so Laos will be more farming products and shopping mall . It is good that Laos will be more developed and more investment in agriculture but all of the business and agriculture products which produce from Laos will benefit the investors because they belong to them. Where do the money go ? The money are already disappeared . Now Laos needs more a new loans from the world bank , Japan , south Korea ,Taiwan ,...etc. Just wonder with bad credit that failed to paid bad the loan how are things going to be? Just wonder about the income money from the hydro dam will benefit the Laotian people . Will the income from hydro power dams will be enough to make the payment of of the loans.
Don't be surprised that Laos will be making the loan payment for many decades or perhaps centuries and still owe the other countries money specially China, Vietnam and Russia. For the other countries Laos would not have to pay them if Laos don't have the money to pay , they would not take over the land and send million of their people to settle in Laos like the Chinese , Vietnamese and Russia so the other countries just lost their money.
I can't believe brother BLM did not even say goodbye to us. If he did not say goodbye that means he might come back. I miss reading his reply especially on this topic.
BLM talked the truth too much and his comments had been deleted and he felt be insulted .
does anybody know what project that 1.3 billion went towards? that is a surprising amount for loans, especially if it was made in 2003
Who would dare to question the high rank government officials ? There is only one political party so if there are some investigation who would know the fact and the truth? But the covering up , hide and lie.
It is so sad indeed to know that the poor country like us have to repaid the debt which we never know when we borrowed? Where all the money go ? Better the Government Agency have to come out and speak the truth of everything. who signed the load? where the money goes? what project the money has been using?
We as Lao citizen need to know now, right now , not tomorrow or next time...
Very well common people , you are demanding to know the truth about the loan on this web site , You are nut. You are not going to get any answers . If you are criticising and complaining too much and they will shut your mouth for good.The government will do what ever they please and regardless of the people like it or not. In order to know the truth just make the research from the Russian news and the world and foreign news where and when the loans were made , You would know from the creditor or the countries who gave the Loans to Laos but you will never know where were the money going and what for ? For sure Laos has to pay for the loan one way or the other but not by cash because Laos does not have cash. So Laos has to lease the land to the Russia to control like the Vietnamese and the Chinese 90 years lease and how many acres of land to cover their payments or be may more than 90 years lease. Too bad that Laos leasing the land to the Chinese , Vietnamese and the Russian and the money of the leasing are already disappeared or have already been spent.
Wow!!! very suprised that samakomlao allows the people to criticise and complain that long time without deleting and closing the topic. Where is the gentleman who is always accusing someone to be Patikan . This is news were from the Russian council and what he has to say about this .
Wow!!! very suprised that samakomlao allows the people to criticise and complain that long time without deleting and closing the topic. Where is the gentleman who is always accusing someone to be Patikan . This is news were from the Russian council and what he has to say about this .
Because people cussed at him and he finally realize he need to be reasonable. He only chase away good contributors to his web forum if he does not care and many members become upset also he lose their respect.
Wow!!! very suprised that samakomlao allows the people to criticise and complain that long time without deleting and closing the topic. Where is the gentleman who is always accusing someone to be Patikan . This is news were from the Russian council and what he has to say about this .
Because people cussed at him and he finally realize he need to be reasonable. He only chase away good contributors to his web forum if he does not care and many members become upset also he lose their respect.
Did I hear BLM talking? Was it you? Hope you're doin fine.
Wow!!! very suprised that samakomlao allows the people to criticise and complain that long time without deleting and closing the topic. Where is the gentleman who is always accusing someone to be Patikan . This is news were from the Russian council and what he has to say about this .
Because people cussed at him and he finally realize he need to be reasonable. He only chase away good contributors to his web forum if he does not care and many members become upset also he lose their respect.
Did I hear BLM talking? Was it you? Hope you're doin fine.
No I am not BLM but I wish I am BLM haha. My english is not too good to compare to BLM.
Laos must stop taking loans which Laos couldn't pay them back specially from China and Vietnam and Russia. So the many young genreations who know nothing about the loan will be in debt for decades to pay for. Lao governemt must earn the money before spending the money. Government need to changes the failed system and policy.
A lot of good Lao American just like BLM were gone who loves Laos and talking to much about the fact and the truth and have been insulting by the other fellow Laotian .It is sad to see BLM gone , he is nice guy who loves anb cares about Laos and our culture just like all of us here.
please put a number each statement so we can easily understand who was asking and who was answering example number 5. is praise number 2. or number 3. is against 4.
A lot of good Lao American just like BLM were gone who loves Laos and talking to much about the fact and the truth and have been insulting by the other fellow Laotian .It is sad to see BLM gone , he is nice guy who loves anb cares about Laos and our culture just like all of us here.
I agree with you 100%. I remember before BLM become a memeber of Samakomlao members would wrote a bout 1 or 2 sentences every posts. It was BLM that wrote many many sentences and some person said BLM showed of and complaint about his english. Now many members also wrote long sentenses. It is because of BLM changes this web site. He said the truth and he is not afraid of people attack him.
That $1.3 billion debt is only from Russia, what about debts we’re owed to other countries? At the moment, Lao debts are out of control, nobody in the government knows how to sort it out except to borrow borrow and spend spend. The worse thing about the international loan in Laos is that “we” the general public are not told how the money was used. The only thing we know for sure is many high ranking government officers buy their big cars which run pass us every day on Vientiane street, and nearly forget their castles and lands.
Dont worry guys. BLM, though extremely disappointed with how Samakomlao's unreasonable deletion of his posts, his love and concern for Laos remain. He just prefer to spend his time wisely than to participate in a forum that does not value time and efforts spent by contributors to make this forum active. Many share the same sentiments, i believe. But i also hope he would share his good thoughts on this topic, which I started.
Dont worry guys. BLM, though extremely disappointed with how Samakomlao's unreasonable deletion of his posts, his love and concern for Laos remain. He just prefer to spend his time wisely than to participate in a forum that does not value time and efforts spent by contributors to make this forum active. Many share the same sentiments, i believe. But i also hope he would share his good thoughts on this topic, which I started.
You said it nicely and I agree with your comment. Do you know him because you talk like you know him.
Dont worry guys. BLM, though extremely disappointed with how Samakomlao's unreasonable deletion of his posts, his love and concern for Laos remain. He just prefer to spend his time wisely than to participate in a forum that does not value time and efforts spent by contributors to make this forum active. Many share the same sentiments, i believe. But i also hope he would share his good thoughts on this topic, which I started.
You said it nicely and I agree with your comment. Do you know him because you talk like you know him.
Let's say Im privileged. Though he didnt give a hint that he would disappear from this forum, he appreciates the friendship of Khonthakek, Seeharhed, Speak out, Nangdarling, as well as the support of others and those who had civilized argument with him. Who knows, maybe he will find time to visit, even post, when he's no longer busy.
And to all who responded to this topic, thank you! I read good replies.
Dont worry guys. BLM, though extremely disappointed with how Samakomlaos unreasonable deletion of his posts, his love and concern for Laos remain. He just prefer to spend his time wisely than to participate in a forum that does not value time and efforts spent by contributors to make this forum active. Many share the same sentiments, i believe. But i also hope he would share his good thoughts on this topic, which I started.
You said it nicely and I agree with your comment. Do you know him because you talk like you know him.
Let's say Im privileged. Though he didn't give a hint that he would disappear from this forum, he appreciates the friendship of Khonthakek, Seeharhed, Speak out, Nang Darling, as well as the support of others and those who had civilized argument with him. Who knows, maybe he will find time to visit, even post, when he's no longer busy.
And to all who responded to this topic, thank you! I read good replies.
Cheers!
Since brother BLM is not reply to this topic , why brother Speak Out ,Khonthahed, Seeharhed and NangDarling give some comments to this topic then . I like to read Brother speak out comments really make sense.
Let's say Im privileged. Though he didn't give a hint that he would disappear from this forum, he appreciates the friendship of Khonthakek, Seeharhed, Speak out, Nang Darling, as well as the support of others and those who had civilized argument with him. Who knows, maybe he will find time to visit, even post, when he's no longer busy.
And to all who responded to this topic, thank you! I read good replies.
Cheers!
Since brother BLM is not reply to this topic , why brother Speak Out ,Khonthahed, Seeharhed and NangDarling give some comments to this topic then . I like to read Brother speak out comments really make sense.
Any topics which are against the corrupted high rank government officials no one dare to comment expcept brother BLM , Lao kid , Dell, The Truth and Dreamer and now they are gone only comment as Anonymous.
Let's say Im privileged. Though he didn't give a hint that he would disappear from this forum, he appreciates the friendship of Khonthakek, Seeharhed, Speak out, Nang Darling, as well as the support of others and those who had civilized argument with him. Who knows, maybe he will find time to visit, even post, when he's no longer busy.
And to all who responded to this topic, thank you! I read good replies.
Cheers!
Since brother BLM is not reply to this topic , why brother Speak Out ,Khonthahed, Seeharhed and NangDarling give some comments to this topic then . I like to read Brother speak out comments really make sense.
Any topics which are against the corrupted high rank government officials no one dare to comment expcept brother BLM , Lao kid , Dell, The Truth and Dreamer and now they are gone only comment as Anonymous.
The post Laotian American live life to the extent was gone. Someone must break the rule so the webmaster got maid.
Let's say Im privileged. Though he didn't give a hint that he would disappear from this forum, he appreciates the friendship of Khonthakek, Seeharhed, Speak out, Nang Darling, as well as the support of others and those who had civilized argument with him. Who knows, maybe he will find time to visit, even post, when he's no longer busy.
And to all who responded to this topic, thank you! I read good replies.
Cheers!
Since brother BLM is not reply to this topic , why brother Speak Out ,Khonthahed, Seeharhed and NangDarling give some comments to this topic then . I like to read Brother speak out comments really make sense.
Any topics which are against the corrupted high rank government officials no one dare to comment expcept brother BLM , Lao kid , Dell, The Truth and Dreamer and now they are gone only comment as Anonymous.
The post Laotian American live life to the extent was gone. Someone must break the rule so the webmaster got maid.
Don't worry, Brother, we have many people here like to reply the headline. But, after last week Thanksgiving, most of us still carried a little weigh of Turkey on our beltly.55555. Myself,kindda lazies after 5days off, BrotherKhonthakek maybe still hangover from his long weekendoff, Brother seehsrhed, maybe still drunk and got stuck in his bed,5555. and BrotherBLM, mustbe busy with his home work or chase the skirt at Campus, Remember Brue going back to School,so as for our Beautiful Nangdaling maybe go-out with her date, or take her family for a long weekend shopping, and there's one person that i really didn't lately, is Brother ''three-cents.'' he really disappeared, Oh, maybe he got married without invited all of us here,55555. so anyway, Let'get back to the question about Russians approved debt release or Settlement with our Country. so, Are you surprise by the Russian's move??? For me , No i didn't , Let' go back as far as Kong-le's war. Soviet Union started a massive military assistance, hightech war machines, Oil and Gas. all of these without anyMoney invole. Free, What were the reasons behind the SovietUnion's sudden commitment to supply,Openly, Directly, Why did soviet union involve itself in such a distant battle, to me, There is one answer to these multiple questions: The soviet Union was acting out of the imperative need to retain the allegiance of North Vietnam in the developing quarrel with China. and at the present day, They the Russain, no longer as a Soviet-Union, Their very first leader, Boris-Yelsin, open their country, reform an economy, open to the outside world till to this day, their economy kindda rising up and have some surplus at the Central Bank, and look around and turned back to an old friends like Laos, Vietnam, Cambodia, to invest some greenback. That's how the Superpower do their businese..Am i answer your question now...
My friend my answer for you is BLM is the same person as Khonthakek, Seeharhed, Nangdarling, Ganda, and Anonymous. In reality BLM is still here under different use-names.
Since brother BLM is not reply to this topic , why brother Speak Out ,Khonthahed, Seeharhed and Nang Darling give some comments to this topic then . I like to read Brother speak out comments really make sense.
Any topics which are against the corrupted high rank government officials no one dare to comment except brother BLM , Lao kid , Dell, The Truth and Dreamer and now they are gone only comment as Anonymous.
The post Laotian American live life to the extent was gone. Someone must break the rule so the webmaster got maid.
Don't worry, Brother, we have many people here like to reply the headline. But, after last week Thanksgiving, most of us still carried a little weigh of Turkey on our beltly.55555. Myself,kinda lazies after 5days off, BrotherKhonthakek maybe still hangover from his long weekend off, Brother seehsrhed, maybe still drunk and got stuck in his bed,5555. and BrotherBLM, must be busy with his home work or chase the skirt at Campus, Remember Brue going back to School,so as for our Beautiful Nanggaling maybe go-out with her date, or take her family for a long weekend shopping, and there's one person that i really didn't lately, is Brother ''three-cents.'' he really disappeared, Oh, maybe he got married without invited all of us here,55555. so anyway, Let'get back to the question about Russians approved debt release or Settlement with our Country. so, Are you surprise by the Russian's move??? For me , No i didn't , Let' go back as far as Kong-Le's war. Soviet Union started a massive military assistance, hightech war machines, Oil and Gas. all of these without any Money involved. Free, What were the reasons behind the Soviet Union's sudden commitment to supply,Openly, Directly, Why did soviet union involve itself in such a distant battle, to me, There is one answer to these multiple questions: The soviet Union was acting out of the imperative need to retain the allegiance of North Vietnam in the developing quarrel with China. and at the present day, They the Russian, no longer as a Soviet-Union, Their very first leader, Boris-Yeltsin, open their country, reform an economy, open to the outside world till to this day, their economy kinda rising up and have some surplus at the Central Bank, and look around and turned back to an old friends like Laos, Vietnam, Cambodia, to invest some greenback. That's how the Superpower do their business..Am i answer your question now...
Thank you brother Speak Out so the Russia is not the first one that wants their money back from the loan so do the Chinese and Vietnamese and the other creditors as well. But the Chinese , Vietnamese and the Russia, Laos has no choice but to pay them back the money one way or the other unlike the other nation and creditors if Laos doesn't have any money to pay them back so they just lose their money and Laos has bad credit. But the China took control a lot of Lao's land and took some wood or any things to equal value of their money . Also the Vietnamese took some farm land for their rubber plantation and copper as well. Now Russia would like to have their money back. Specially the loan on 2003 that was not an arm deal that was a cash loan according to the news from the Russian council. My questions to you where did those money go? and what was the suppose of that loan ? And how much debt that does Laos owe the China, Vietnam and Russia now.. Anyway no body really know how much Laos owe the other nation money and Laos are always broke. How is Laos going to solve these problems that are really out of control specially the loan money and foreign aid money keep on disappearing and nothing have been built or done ? What would be the best way to prevent something like to happen over again and again, time after time ?