The Commission on Population and Development (CPD) acknowledges the recent findings from the Human Capital Review (HCR) of the World Bank emphasizing the need to invest in early formative years to accelerate socioeconomic growth potential from its huge labor force. With the country’s working age population comprising 63.
The Commission on Population and Development acknowledges the recent findings from the Human Capital Review of the World Bank emphasizing the need to invest in early formative years to accelerate socioeconomic growth potential from its huge labor force.
Yet the human capital in the country is still underutilized, the World Bank states, that a Filipino child born today will only reach 52 percent of her/his potential productivity compared to a child provided with full health and good quality education. Bersales, who is also CPD’s executive director, echoed the HCR’s results which showed that the Philippines is projected to achieve upper-middle-income country status by 2026 due to a significant increase in gross national income . She cautioned, however, that “despite the upward trajectory of GNI per capita, the country is currently utilizing less than half of its human capital potential.”
The Undersecretary for Population and Development emphasized that the demographic opportunity created by increasing the working age population is too narrow, such that delay in needed actions may cause us to miss such opportunity . “The Philippines may be the last Asian country to benefit from demographic dividend.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
CPD echoes recent World Bank findingsTHE Commission on Population and Development (CPD) acknowledges the recent findings from the Human Capital Review (HCR) of the World Bank emphasizing the need to invest in early formative years to accelerate socioeconomic growth potential from its huge labor force.
Read more »
World Bank seeks reforms for slow, costly PH internet compared to ASEAN neighborsDefining the News
Read more »
World Bank urges reforms to address 'slow, costly' internet in PhilippinesThe Philippines needs reforms and increased investment in broadband infrastructure as the country lags behind neighboring countries in terms of internet reach and average speed, the World Bank said.
Read more »
World Bank to PH: Hike investment in internet infrastructureThe World Bank called on the Philippines to increase its investment in broadband infrastructure as the country continues to lag behind other Asian countries when it comes to internet speed, reach, and affordability.
Read more »
World Bank OKs $1.25B loans for PH resilient schools, economic recovery projectsLatest Philippine news from GMA News and 24 Oras. News, weather updates and livestreaming on Philippine politics, regions, showbiz, lifestyle, science and tech.
Read more »
World Bank approves $1.25 billion in fresh loans for the PhilippinesDefining the News
Read more »