The country targets an upper middle-income status by 2030 and a high-income status by 2050, Prime Minister Hun Manet recently told a gathering of garment workers in Phnom Penh.
The poverty rate had dropped from 33.8 per cent in 2009 to 17.8 per cent in 2019, with almost 2 million Cambodians escaping poverty, the prime minister was quoted as saying by a news agency.
With a population of nearly 17 million, people living below the poverty line are defined by an income of less than 10,951 riel ($2.7) per day, according to the World Bank.
ALCHEMPro News Desk (DS)
Receive daily prices and market insights straight to your inbox. Subscribe to AlchemPro Weekly!
marketing@alchempro.com
