PHNOM PENH, Nov. 10 (Xinhua) -- Cambodian government officials have rebuffed a gloomy economic forecast by the International Monetary Fund (IMF), saying the Kingdom's predicted growth slowdown would not be as dire as the world body suggests, national media reported Monday.
At the culmination of a two-week mission Friday, the IMF announced that lower foreign investment, as well as runoff effects from the global financial crisis, would push Cambodia's economic growth down to 4.8 percent in 2009, from a previously predicted rate of nine percent.
But in a prepared speech Sunday for the 55th anniversary of Independence Day, Prime Minister Hun Sen said he was confident the government's strong economic record protected it against such a depreciative outlook, according to the Phnom Penh Post.
"During the last four years, Cambodia has maintained an economic growth of two digits," he was quoted as saying.
"In the fourth mandate, the government will ensure the achievement of economic growth of around seven percent a year and pull down the inflation rate to one digit," he added.
Cambodian Finance Minister Keat Chhon told the Post last week that economic growth would be no lower than 6.5 percent for 2009.
At the culmination of a two-week mission Friday, the IMF announced that lower foreign investment, as well as runoff effects from the global financial crisis, would push Cambodia's economic growth down to 4.8 percent in 2009, from a previously predicted rate of nine percent.
But in a prepared speech Sunday for the 55th anniversary of Independence Day, Prime Minister Hun Sen said he was confident the government's strong economic record protected it against such a depreciative outlook, according to the Phnom Penh Post.
"During the last four years, Cambodia has maintained an economic growth of two digits," he was quoted as saying.
"In the fourth mandate, the government will ensure the achievement of economic growth of around seven percent a year and pull down the inflation rate to one digit," he added.
Cambodian Finance Minister Keat Chhon told the Post last week that economic growth would be no lower than 6.5 percent for 2009.
3 comments:
Cambodia government should focus on helping the poor and under-privileged people in the remote area. Cambodia needs master plans and commitment and especially "wise brain" to set path for long-term development.
And guess what when the leaders are low-educated and believe any long-term benefits for country as a whole are considered as "their threats to the life-long power", the current leaders would stick to the so-called nepotism and political sidelines rather than giving importance over "voice of the wise".
However, guess what? The government can fool people several times because the foolish people can't seem to realize what is really going on, so establishing network to spread the news and to provoke discussion among people in the areas will in a great deal enable people to realize that "they have been actually fooled".
And SRP should not just wait and manipulate from the miseries, the opposition party should raise better solutions or projects to help develop their communes or district or for the country by large.
Their members should receive regular proper training on how to immplement the projects and enhancing communicative skills by using suitable approaches toward cambodia people should be highly considered!
A concerned khmer
មី ប៊ុន រ៉ានីកំពុងយំបោកខ្លួនស្តាយហុក ឡងឌី ងាប់តៃហោង ព្រោះហុក ឡងឌី ជាសហាយ របស់មី ប៊ុន រ៉ានី (ប្រពន្ធហ៊ុន សែន) ជាង ១០ឆ្នាំមកហើយ!!
Guess what, helping the poor happens only in theory. In practice, even in the US, it's the rich and the middle-class that are benefiting from the so-called 'help the poor' policy. So Cambodia is not a unique case.
Also, for the one who wrote in Khmer. I'm ashamed at how you use the term "Mee" at the beginning of every sentence.
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