By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.
MANILA, Philippines – The Philippines is unlikely to meet its target poverty rate of 8.8 percent to 9 percent by 2028, with nearly 28 percent of Filipinos still vulnerable to poverty, the World Bank said on Thursday.
“As of this moment, we’re not projecting poverty to fall to single-digit levels by 2028, based on what we’ve seen so far,” said Liliana Sousa, senior economist at the World Bank, during a briefing.
READ: PIDS: Despite PH economic gains, millions still vulnerable to poverty
Still, the Washington-based lender said poverty could decline to as low as 2.9 percent by 2040 if the government successfully combines policies that accelerate economic growth with measures that generate more and better jobs.
