Tuesday, January 19, 2021

WB: PH Poverty Projected To Be At 18.7% In 2021

WB: PH Poverty Projected To Be At 18.7% In 2021

Spotlight

Families Reinvent The Disney Experience With Globe At Home

Know more about “Disney’s Unboxing Celebrations" experience with Globe At Home!

Made To Be More: STI Gears Up For Another Semester Of Learning

LOOK! STI introduces the ONline and ONsite Education or the ONE STI Learning Model at the beginning of S.Y. 2020-2021.

SM Scholarship Program Receives Support From SM EDD

SM Foundation’s College Scholarship Program continues its mission to support economically challenged but deserving students by providing them access to quality education!

Save The Children Trains Teachers, Parents To Protect Children From Online Sexual Abuse

How can parents keep their children safe from online predators? Here are some simple tips:

Poverty incidence in the Philippines is expected to fall below 20 percent in 2020 and further decline until 2021, a year before President Rodrigo Duterte’s term ends, according to the projections made by the World Bank (WB).

In its latest Macro Poverty Outlook for East Asia & the Pacific Report, the World Bank expects the poverty rate in the Philippines at 20.8 percent by the end of 2019, down from the estimated 24.5 percent in 2016.

The World Bank had estimated the Philippines’ poverty incidence at 23.1 percent in 2017 and 21.9 percent in 2018.

In its latest report, the World Bank saw the poverty rate in the Philippines further declining to 19.8 percent in 2020 and 18.7 percent in 2021.

Presidential Spokesperson Salvador Panelo on Thursday said the Palace welcomed as “good news” the latest report of World Bank, which “recognizes the strength and resiliency of our domestic economy.”

Panelo also thanked Duterte’s economic and poverty reduction teams for doing a “splendid job in the past three years in moving the Philippines onwards,” despite criticisms hurled against the administration.

“We consider this projection as consistent with the goal of our Philippine Development Plan crafted in 2017 where our economic managers targeted to reduce poverty incidence to 14 percent at the end of the term of President Duterte in 2022. This is equivalent to about six million people that are to be lifted out of poverty,” he said in a statement.

The number of Filipinos living below the poverty line fell to 21 percent in the first half of 2018, compared to the 27.6 percent registered in the first half of 2015, based on data released by the Philippine Statistics Authority in April.

The dramatic decline in poverty has emboldened Duterte’s promise of reducing poverty incidence to 14 percent by the end of his term.

Panelo said Duterte’s office was optimistic that state departments and offices would double their efforts in implementing the government’s anti-poverty initiatives.

“While this is proof that genuine and palpable change has indeed come, the Palace expects all officials and employees of relevant departments and agencies to double their efforts as they strive to provide more programs that our countrymen, especially those belonging to the marginalized sector, can beneficially take advantage of,” he said. (PNA)

Latest News

Palace Hails Biden Vow To Prioritize Immigrants’ Legal Status

Good news para sa mga Pilipino na nasa US!

HPG To Augment Personnel To Improve Traffic

Kailangan na nga bang dagdagan ang mga traffic enforcer sa daan?

PRRD Retains 5% Tariff On Deboned Poultry Meat Until 2022

Pinirmahan ni President Duterte ang EO 123 upang manatili pa rin sa 5% na taripa ang mga pangunahing bilihin tulad ng manok at pabo hanggang 2022.

Gov’t Vows Sustainable, Fully Integrated Vaccination Plan

LGU and private sectors work as one to sustain and fully integrate vaccines in the country.

MRT-3 Fixes Contact-Tracing Web App Woes On ‘Soft’ Launch

'Issue is being fixed!' MRT-3 Contact Tracing web app will start accepting sign-ups on Jan. 20 and begin its full implementation in Feb.

Go Calls For Prudence, Transparency In Vaccine Procurement

What did Sen. Bong Go say about the 'spirit of transparency' in the procurement of Covid-19 vaccines?

Aggressive Contact Tracing On Amid Covid Spike In Cebu City

Cebu contact tracing teams are positive in containing the virus at the soonest possible time.

Gov’t To Bare Terms Of Vaccine Procurement Deals After Talks

Do you agree to disclose the Covid-19 price list once the negotiations are done?

Duterte ‘Delighted’ With P5-K Commemorative Lapu-Lapu Banknote

Bangko Sentral and National Quincentennial Committee collaborated to design Php 5000 commemorative banknote and medal in honor of Lapu-Lapu.

PSA Rolls Out PhilSys Registration In Zamboanga

Good News! Sinimulan na ng PSA ang first step registration ng PhilSys sa Zamboanga!