PM: Cambodia on track for high-income status

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Touch Sokha

 

Extolling forecasts that Cambodia’s economy will maintain its 7 percent growth rate this year, Prime Minister Hun Sen yesterday reiterated a past prediction that the country would reach upper-middle income status by 2030 and become a high-income country in 2050 – though one expert said he doubted the Kingdom could meet the “very optimistic” predictions.

 

Addressing officials in Kandal province, the premier noted the country’s growth and low inflation rate in his argument for meeting the targets, according to a post on his Facebook page summarising his speech.

 

The World Bank officially raised Cambodia’s status from low-income to lower-middle income in July, after its 2015 gross national income (GNI) per-capita surpassed the $1,026 threshold, reaching $1,070.

 

read more http://www.phnompenhpost.com/national/pm-cambodia-track-high-income-status

 

 

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