world bank says poverty falls in cambodia yet many still at risk of slipping back into poverty
Last Updated : GMT 16:11:32
Arab Today, arab today
Arab Today, arab today

World Bank says Poverty falls in Cambodia, yet many still at risk of slipping back into poverty

Arab Today, arab today

Arab Today, arab today World Bank says Poverty falls in Cambodia, yet many still at risk of slipping back into poverty

Phnom Penh - XINHUA

Cambodia has exceeded the Millennium Development Goal poverty target and is one of the best performers in poverty reduction worldwide, according to a new World Bank Poverty Assessment Report released here Thursday. "The poverty rate more than halved, from 53 percent, or 6.9 million people, in 2004 to 20.5 percent, or 3 million people in 2011," the report said. "Today, approximately two out of 10 Cambodians are poor, compared with five out of 10 in 2004." According to the report, increased rice prices and increased rice production greatly contributed to poverty reduction, along with greater road access for farmers to markets, better access to market information through mobile phones, improved irrigation, and a liberal undistorted agricultural market. "This is good news for Cambodia. The pace of poverty reduction surpassed expectations," said Alassane Sow, the World Bank's Country Manager for Cambodia. "When a similar poverty assessment was undertaken in 2006, the aspirational goal was for Cambodia to halve poverty by 2015. Cambodia already reached that goal in 2011." However, the report finds that Cambodia has about 8.1 million " near-poor" people, those who live on less than 2.30 U.S. dollars per day per person. While they may have escaped poverty, they remain vulnerable to even the slightest economic shocks. "Despite impressive reduction in poverty, these hard won gains are fragile. Many people who have escaped poverty are still at high risk of falling back into poverty," said Neak Samsen, Poverty Analyst of the World Bank in Cambodia and the co-author of the Poverty Assessment Report. "For example, the loss of just 1,200 riel per day in income ( about 30 U.S. cents) would throw an estimated three million Cambodians back into poverty, doubling the poverty rate to 40 percent." The report also recommended policies and programs so as to further reduce poverty and vulnerability in the country. The recommendations included the improvement and upgrade of basic rural infrastructure such as roads, irrigation schemes, electricity supplies, and water and sanitation. Also, it is essential to support children in rural areas to start school at a younger age and broaden access to education among minority communities, it said, adding that increasing the coverage of free health services is also key to reduce poverty. Speaking at the launching of the report, Permanent Deputy Prime Minister Keat Chhon attributed the success in poverty reduction to the wise leadership of Prime Minister Hun Sen and had optimism that the poverty rate would further drop in coming years. "We might come up with different views on some directions of Cambodia's socio-economic development, but I firmly believe that we all fundamentally agree that the success of Cambodia's next stage of poverty reduction will be determined by continuing high levels of inclusive growth based on economic diversification and increased productivity," he said. Ulrich Zachau, World Bank Country Director Manager for Cambodia and Southeast Asia, said reducing poverty further and helping families who have just escaped poverty to stay out of poverty is possible. "The World Bank is a partner with Cambodia in its efforts to reduce poverty and promote equitable growth and development that benefits all Cambodians," he said.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

world bank says poverty falls in cambodia yet many still at risk of slipping back into poverty world bank says poverty falls in cambodia yet many still at risk of slipping back into poverty

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

world bank says poverty falls in cambodia yet many still at risk of slipping back into poverty world bank says poverty falls in cambodia yet many still at risk of slipping back into poverty

 



Arab Today, arab today
Arab Today, arab today Jordanian woman reveals her project

GMT 00:46 2017 Saturday ,11 November

Jordanian woman reveals her project
Arab Today, arab today Japanese regulators raid Airbnb

GMT 00:44 2017 Monday ,20 November

Japanese regulators raid Airbnb
Arab Today, arab today Keep kids busy at Thanksgiving gatherings

GMT 11:14 2017 Friday ,10 November

Keep kids busy at Thanksgiving gatherings
Arab Today, arab today Saudi, Bahrain target Iran

GMT 00:48 2017 Monday ,20 November

Saudi, Bahrain target Iran
Arab Today, arab today Europe turns on Facebook, Google

GMT 02:26 2017 Monday ,20 November

Europe turns on Facebook, Google
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Australian academic's book pulled

GMT 15:20 2017 Monday ,13 November

Australian academic's book pulled
Arab Today, arab today May under Brexit pressure at EU reform summit

GMT 02:14 2017 Saturday ,18 November

May under Brexit pressure at EU reform summit
Arab Today, arab today Delhi half-marathon to go ahead

GMT 03:51 2017 Saturday ,18 November

Delhi half-marathon to go ahead
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Driverless, electric future just round

GMT 02:45 2017 Monday ,20 November

Driverless, electric future just round
Arab Today, arab today Tesla unveils its all-electric semi truck

GMT 02:59 2017 Saturday ,18 November

Tesla unveils its all-electric semi truck
Arab Today, arab today Mona Abdel Ghany increased artistic activities

GMT 12:15 2017 Friday ,17 November

Mona Abdel Ghany increased artistic activities
Arab Today, arab today paObama climate envoy slams Trump's rejection

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection

GMT 12:22 2017 Thursday ,16 November

Hanan Metawe denies apology for “Major Treason”

GMT 11:15 2017 Thursday ,16 November

Angola oil boss sacked by father's protege

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 11:38 2017 Wednesday ,15 November

Unloved vultures fight for their survival

GMT 11:49 2017 Thursday ,17 August

Egyptian artist presents new collection of designs

GMT 02:28 2017 Saturday ,18 November

Anti-drug operation nets 4 tonnes

GMT 01:34 2017 Friday ,17 November

Banyan Tree Phuket Takes Festive Season

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday