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Letter: When is a drought really a drought?

Dear Editor,

The Phnom Penh Post is my newspaper of choice when I visit Cambodia, where my company has clients.

I was thus disappointed by your decision to title your October 8 article "MFIs fear cash drought".  The words "fear" and "drought" were not at all reflective of the content of the article - which I found balanced.  The practitioners interviewed expect a 20 percent to 25 percent decrease in their growth and/or funding for 2009; hardly a "drought".  Given that growth was forecasted at 60 percent, this still implies a robust 50 percent growth.  

Unfortunately, I think this is as an example of how media hype can unnecessarily stir people's fears, in an already delicate financial environment, thus exacerbating the problem.

Julie Cheng



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