Typical "big and new homes being built" in rural areas,as claimed by Kim Phalla, an analyst at the
Ministry of Economy and Finance (Photo: RFA)
Seng Ratana, VOA Khmer
Original report from Phnom Penh
05/04/2007
The World Bank has forecast a 9 percent GDP growth rate for Cambodia in the year ahead, a slight falling off from the 10.5 percent rate of last year but still a considerable showing for a country whose growth saw a crippling plunge following a coup in 1997.
High growth rate is expected to continue in coming years, as oil and gas exploration off the coast continue, and was being driven by garment export, tourism, construction, and agricultural expansion, according to a World Bank report.
"For us, basically, we are proud that the poverty level is being reduced, so we can see that this reflects the people's living conditions have improved," World Bank economist Chea Huot said.
Kim Phalla, an analyst at the Ministry of Economy and Finance said the proof of improvement was visible. "We just look around," he said.
"When we go to the rural areas, we will see many big and new homes being built. We ask [people] about them and they say they were built between 1990 and 2000."
High growth rate is expected to continue in coming years, as oil and gas exploration off the coast continue, and was being driven by garment export, tourism, construction, and agricultural expansion, according to a World Bank report.
"For us, basically, we are proud that the poverty level is being reduced, so we can see that this reflects the people's living conditions have improved," World Bank economist Chea Huot said.
Kim Phalla, an analyst at the Ministry of Economy and Finance said the proof of improvement was visible. "We just look around," he said.
"When we go to the rural areas, we will see many big and new homes being built. We ask [people] about them and they say they were built between 1990 and 2000."
3 comments:
MR HENG SOY, DO NOT PLAY AND DO IMITATE AH CHHEY WITH YOUR PICTURE!
WE ALL KNOW THE TRUTH ABOUT KIDIOT YOU ARE!
TRY SOMETHING MORE INTELLIGENT!
ahahahahahahahahahahahah!
This is a housing market promoted by AH HUN SEN Vietcong slave who got his Phd from Hanoi!!!This is Vietcong economic theory in action!
That looks like a nice house. I
wonder if it is up for sale? I
have wanted one just like that for
a long time now. It is soo Khmer,
and I love every centimer of it.
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