Cambodia sees rapid decline in poverty rate in last 15 years: Cambodian PM

The poverty rate in Cambodia has declined rapidly over the last 15 years and the trend will continue in coming years, Cambodian Prime Minister Samdech Techo Hun Sen said on Saturday.

“Peace, high economic growth, and right national development policies under the Rectangular Strategy have helped reduce poverty rate in Cambodia dramatically, from 53.2 percent in 2004 to around 10 percent now,” he said in a statement marking the International Day of Peace.

The Cambodian prime minister said the Southeast Asian nation has achieved the economic growth of more than 7 percent per annum during the last two decades, mainly driven by garment export, tourism, construction and real estate, and agriculture.

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