UN official sees Cambodia's plunged poverty rate as positive step towards Least Developed Country graduation

Cambodia is well-prepared to minimise economic risks when it graduates from its Least Developed Countries status. - Phnom Penh Post/ANN

PHNOM PENH,(Xinhua): Cambodia's remarkable decline in poverty rate is a positive step towards the Southeast Asian country's graduation from the Least Developed Country (LDC) status, a United Nations official said on Tuesday.

The poverty rate in Cambodia has declined to 16.6 per cent in 2022 from 36.7 per cent in 2014, as per the 2023 Global Multidimensional Poverty Index (MPI) released last week by the United Nations Development Program (UNDP) and the University of Oxford.