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NEDA pushes more measures to further reduce poverty in Philippines

NEDA pushes more measures to further reduce poverty in PHL

MANILA – The government will continue investing in human capital development and build a more conducive business environment to further reduce poverty in the country.

Socioeconomic Planning Secretary Emmanuel Esguerra underscored the imperative of undertaking more strategies after data indicated that the country’s official poverty incidence eased to 26.3 percent of individuals during the first semester of 2015, a record-low across all the family income and expenditure surveys since 2006.

Esguerra stressed the need to ensure that the incomes of the poor will continue rising through investments in human capital development, particularly of the poor.

He said the government’s social development programs have brought down poverty, as these helped the poor and vulnerable sectors of the society in meeting their basic needs.

Esguerra cited particularly the implementation of the Conditional Cash Transfer or the Pantawid Pamilya Program, the Kapit-Bisig Laban sa Kahirapan-Comprehensive Integrated Delivery of Social Services (KALAHI-CIDSS) and the Sustainable Livelihood Program.

He said these government programs helped build the capacity of poor families and communities to lift themselves out of poverty through healthcare and educational support, as well as access to finance and employment opportunities.

“This will then be complemented by infrastructure development to promote physical connectivity across the archipelago. Economic linkages should also be encouraged. The idea is to link the poor to growth sectors and areas,” he noted.

Esguerra, also the National Economic and Development Authority Director General, stressed that other strategies will remain priorities including those to improve the business climate, boost competitiveness of the productive sectors and improve access to financing.

“We need to cultivate an atmosphere where businesses and private investments could thrive, so that more employment opportunities are created,” he added. (PNA)

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