CAMBODIA SUPPORTS ADB GENERAL CAPITAL INCREASE

UNCLAS PHNOM PENH 000274 SENSITIVE SIPDIS STATE FOR EAP/MLS, EAP/EP: KATHY HADDA, EEB/IFD/ODF: RACHEL LEATHAM E.O. 12958: N/A TAGS: PREL PGOV ETRD ECON ADB CB SUBJECT: CAMBODIA SUPPORTS ADB GENERAL CAPITAL INCREASE REF: STATE 41663 ¶1. (SBU) Emboff delivered reftel talking points April 30 to Pen Thirong, First Deputy Director, Department of Investment and International Cooperation, Ministry of Economy and Finance. Mr. Pen welcomed the G20 decision to support a 200 percent general capital increase at the Asia Development Bank (ADB). He also acknowledged that from a technical point of view, it would be valuable for the ADB to make public the list of sanctioned companies and in fact the Royal Government of Cambodia has requested this list from ADB in the past. Mr. Pen indicated that he would share our desire for stronger anti-corruption measures and safeguard standards at the ADB with his superiors. RODLEY