poverty
Preh Phnheas resident Chorb Kun looks at her IDPoor and loan documents in August 2020 in Battambang province. (Ananth Baliga/VOD)

Some 1.3M in Cambodia May Fall Back Into Poverty, UNDP Estimates

The number of Cambodians experiencing poverty this year could nearly double to 17.6 percent of the population — sending some 1.3 million people back into poverty — with the unemployment rate increasing almost seven-fold, a new U.N. report says.

A family collects rainwater to save money on water expenses, in Phnom Penh’s Chbar Ampov district on June 12, 2020. (Hun Sirivadh/VOD)

Poverty to Increase in Economic Downturn: World Bank

Hit by the global economic slowdown and the loss of E.U. trade benefits, Cambodia’s economy is projected to contract 2 percent this year, with the World Bank warning that poverty rates will be on the rise regionwide.

People visit Angkor Wat in Siem Reap province. (VOD)

World Bank Projects Negative Growth in Cambodia, a First Since 1994

Cambodia could see negative growth this year — for the first time since 1994 — due to the pandemic-spurred economic crisis, the World Bank projected on Friday, estimating even more severe hits to the nation’s key industries than it did two months ago.