According to Prime Minister Hun Manet, the current poverty rate in Cambodia has dropped to 17 per cent.
It is reported that on February 6, Prime Minister Hun Manet pointed out at the annual work summary meeting of the Ministry of Social Affairs, Veterans and Youth of Cambodia that in 1997, the poverty rate in Cambodia was about 50%, but after 20 years of comprehensive peace, the poverty rate has dropped to 17%.
"In fact, Cambodia's poverty rate could have dropped by more than 17 percent, but after the outbreak of the epidemic, the poverty rate has increased somewhat," Hun Manet said. In any case, Cambodia** has been committed to helping people overcome the pandemic and has launched a series of assistance measures. ”
He pointed out that when the epidemic broke out, on the one hand, it was trying to control the progress of the epidemic, and on the other hand, it was possible to introduce a variety of measures to solve social problems in order to maintain macroeconomic sustainability. The macroeconomic situation cannot be stabilized if people's livelihoods are not good,** and mechanisms and other measures have been considered to ensure that people can sustain themselves independently.
He also stressed that attention and assistance have been given to poor families, vulnerable groups and families. Xin** will continue to develop the social economy, and is committed to improving people's livelihoods so that the people of the whole country can live a good life.
According to the World Bank, Cambodia's poverty rate varies from region to region, with the capital Phnom Penh having the lowest poverty rate and the highest in rural areas.