Posted on 15 November 2008.
The Mirror, Vol. 12, No. 585
Further down also:
A Memorandum of Understanding Which Hinders to Solve the Problem of Immigrants
“A groups of industry and business leaders from developing countries in Asia met in Phnom Penh to exchange ideas regarding economic growth and poverty alleviation at a time when Cambodia is energetically making efforts to alleviate poverty by adding a lot of work in a growing economic sector - that might contain obstacles to development.
“The Minister of Commerce, Mr. Cham Prasidh, said that the exchange of experience is fundamental while the world moves toward a very painful financial crisis, due to the collapse of stock markets, the losses of banks, the sale of many banks, and the volume of exports goes down which make many people around the world to fall into poverty. He added that we meet under unclear circumstances, and only those who can adapt themselves to these changes can escape from poverty.
“Mr. Habib Ouane, the director of the United Nations Conference on Trade and Development [UNCTAD] Division for Africa, said that among the 49 Least Developed Countries in the world, 14 are in Asia Pacific.
“He continued that since the 1990ies, many Least Developed Countries in ASEAN have gained fairly successful results, achieving a change of infrastructure with industry and with services, which play an important role in the economy, as economic growth occurs mostly in the industrial sector.
“However, he added that 69% of the citizens of the Least Developed Countries in the ASEAN countries live by earning less than US$2 per day, and they have no chance to a more comfortable life, especially when this would require further development of techniques as measures to encourage more economic growth.
“Mr. Cham Prasidh said that Cambodia is developing towards further reduction of poverty, adding that Cambodia’s economic growth was 9.4% per year from 2000 to 2006, and foreign investment increased from US$33 million in 1992 to US$149 million in 2000, to US$483 million in 2006, to US$2.7 billion in 2007, and to 8.9 billion from January to August in 2008.
“Mr. Cham Prasidh went on to say that in the meantime, the poverty rate in Cambodia dropped from 45% in 1993 to 35% in 2004, and to 31% in 2007; every year we could reduce the poverty rate by 1% in Cambodia. But if everything happens at the same time of the global financial crisis, I might affect the 1% poverty reduction development of Cambodia.
“He added that these are problems for which he is very concerned, and these are important factors for Cambodia and for other Least Developed Countries; therefore, it is crucial to make joint efforts, so that our country is rightly and surely known and supported by developed countries, and so that Cambodia achieves development to alleviate poverty and to boost the economy to grow mainly in the industrial sector.”
Khmer Sthapana, Vol.1, #138, 11.11.2008
The Mirror, Vol. 12, No. 585
Further down also:
A Memorandum of Understanding Which Hinders to Solve the Problem of Immigrants
“A groups of industry and business leaders from developing countries in Asia met in Phnom Penh to exchange ideas regarding economic growth and poverty alleviation at a time when Cambodia is energetically making efforts to alleviate poverty by adding a lot of work in a growing economic sector - that might contain obstacles to development.
“The Minister of Commerce, Mr. Cham Prasidh, said that the exchange of experience is fundamental while the world moves toward a very painful financial crisis, due to the collapse of stock markets, the losses of banks, the sale of many banks, and the volume of exports goes down which make many people around the world to fall into poverty. He added that we meet under unclear circumstances, and only those who can adapt themselves to these changes can escape from poverty.
“Mr. Habib Ouane, the director of the United Nations Conference on Trade and Development [UNCTAD] Division for Africa, said that among the 49 Least Developed Countries in the world, 14 are in Asia Pacific.
“He continued that since the 1990ies, many Least Developed Countries in ASEAN have gained fairly successful results, achieving a change of infrastructure with industry and with services, which play an important role in the economy, as economic growth occurs mostly in the industrial sector.
“However, he added that 69% of the citizens of the Least Developed Countries in the ASEAN countries live by earning less than US$2 per day, and they have no chance to a more comfortable life, especially when this would require further development of techniques as measures to encourage more economic growth.
“Mr. Cham Prasidh said that Cambodia is developing towards further reduction of poverty, adding that Cambodia’s economic growth was 9.4% per year from 2000 to 2006, and foreign investment increased from US$33 million in 1992 to US$149 million in 2000, to US$483 million in 2006, to US$2.7 billion in 2007, and to 8.9 billion from January to August in 2008.
“Mr. Cham Prasidh went on to say that in the meantime, the poverty rate in Cambodia dropped from 45% in 1993 to 35% in 2004, and to 31% in 2007; every year we could reduce the poverty rate by 1% in Cambodia. But if everything happens at the same time of the global financial crisis, I might affect the 1% poverty reduction development of Cambodia.
“He added that these are problems for which he is very concerned, and these are important factors for Cambodia and for other Least Developed Countries; therefore, it is crucial to make joint efforts, so that our country is rightly and surely known and supported by developed countries, and so that Cambodia achieves development to alleviate poverty and to boost the economy to grow mainly in the industrial sector.”
Khmer Sthapana, Vol.1, #138, 11.11.2008
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