The problem of poverty and inequality in the Philippines remains a big challenge. Know more:
“Overcoming Poverty and Inequality in the Philippines: Past, Present, and Prospects for the Future,”
“The Philippines aims to become a middle-class society free of poverty by 2040, but we know from global experience that no country has managed to make this transition while maintaining high levels of inequality,” said Ndiamé Diop, World Bank Country Director for Brunei, Malaysia, Philippines, and Thailand.
The study said that inequality starts even before birth and is perpetuated over the life cycle. It starts with maternal nutrition and health during pregnancy. Differences continue into childhood, where disparities in access to health care, proper nutrition, safe drinking water, sanitation, and quality education determine the extent to which a child’s human capital develops.
Healing the scars of the pandemic will require promoting greater vaccine booster uptake, overcoming the learning loss due to Covid-19, strengthening social assistance, unemployment insurance programs for the informal sector, and taming inflation. Setting the stage for vibrant recovery entails reskilling of workers, promoting entrepreneurship, increasing the participation of women in the labor force, and raising the productivity of agriculture.
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