Pandemic ‘pushed 460,000 Cambodians into poverty’

Covid-19 has reversed decade of economic growth and poverty reduction efforts, World Bank report says.

The Covid-19 pandemic ended a decade of unprecedented economic growth and poverty reduction in Cambodia and pushed about 460,000 people into poverty, a World Bank Poverty Assessment Report, released on Nov. 28, found.

Entitled, “Toward A More Inclusive and Resilient Cambodia,” the World Bank noted that Cambodia’s poverty rate fell by almost half between 2009 and 2019, when the global economy was experiencing strong growth rates.

As a result, it said Cambodia’s poverty rate had dropped from 33.8 percent to 17.8 percent over the 10-year period with almost two million Cambodians escaping poverty.

In full: https://www.ucanews.com/news/pandemic-pushed-460-000-cambodians-into-poverty/99554

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