Cambodia’s economic minister Keat Chhon said yesterday that the country’s poverty line will reduce below 19.5 per cent in 2015 as stated in the millennium development goal while the kingdom is trying to lower it for one per cent for a year.
Minister expressed his optimism while he attended the opening ceremony of the one village one product exhibition plus Acmecs countries at Koh Pich convention center in Phnom Penh.
“The poverty line will be reduced to 19.5 per cent in 2015 because the government has clear policy to boost the economic growth” he stresses.
Keat Chhon, deputy prime minister and minister of economy and finance and economy
also said: Cambodia is considered as post conflict country which has achieved successfully and walked a big step in development for the past decade.
He noted: In 1993, gross domestic product GDP was worth about 2.4 billion dollars and it increased to11.6 billion dollars in 2011. Income per capital increased from 222 dollars in 1993 to 830 dollars in 2011 but the World Bank said: it valued about $1,005. Recently, minister also said: donor will stop providing assistance for the country if the income per capital rises to $1,200.
While the poverty line stood at 47 per cent in 1993, it was reduced to 30 per cent in 2007. And in 2011, it stands at 25.8 per cent. “We will achieve our goal in 2015 in poverty reduction.” he emphasized
For Trade volume in 2011, it valued about 12 billion dollar and in the 10 month of 2011, the exporting was worth about over 5 billion dollars, it increased 20 per cent if comparing the same period in 2010.
“We need to strengthen economic exchange with neighboring countries in the region.” he said, adding that we expand cooperation with ACMECs countries to provide for mutual benefits in the prosperity and poverty reduction. (The sea weekly)