Friday, February 01, 2008

The key to poverty reduction: Agriculture

Friday, February 1, 2008
By Ky Soklim
Cambodge Soir Hebdo

Translated from French by Luc Sâr

During the presentation of a report on development and agriculture, the stress was put on the importance to develop this sector in order to help the country get out of poverty.

The 2008 world report on the development was presented on Thursday 31 January in Phnom Penh. The working session brought together the ministry of Agriculture, Forestry and Fishery led by Chan Sarun, as well as Derek Byerlee and Maria Paula Savanti, the authors of the report. The work stresses on the link between agriculture and development.

Cambodia bets a lot the agriculture sector. “The policy of our government is such that it helps the economic growth and contributes to the reduction of poverty,” Chan Sarun explained. In fact, if during the course of the last decade, the rate of poverty decreases thanks to an average yearly growth of 7.8%, this decrease was not equal throughout the country. Cities saw a poverty decrease of 16% in terms on number of people living with less than one dollar per day – this decrease reaches 23% in Phnom Penh – however, in rural areas, the decrease of poverty is only 9.5%.

Hang Chourn Naronn, the secretary-general of the ministry of Economy and Finance, believes that the development of agriculture is essential: “It must be a necessary element in the strategy to reduce poverty. In the province, people depend a lot on it: on average, 63% of their income comes from the [agriculture] sector.”

80% of Cambodians live on agriculture. In 2007, this sector represents 26.8% of the GDP of the kingdom. According to the World Bank, its growth rate must stabilize around 4% to yield a general growth of 7%, in order to abide by the millennium objectives set for poverty reduction.

4 comments:

Anonymous said...

cambodia, please remember to diversify the economy. although argiculture is one to be considered, it's not the only one. the key word is "diversify".

Anonymous said...

Key to poverty reduction for CPP is the introduction of legal prostitution and slavery.So every able body will have a job.

Anonymous said...

hahahahaha!! (laughing out loud). I like a man or a woman with a sense of humour.

Anonymous said...

Key to poverty reduction is to get rid of all the poor people.