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MANILA, Philippines – The Philippines is facing mounting risks to its human development progress as the prolonged fallout from the energy crisis continues to erode household incomes and threaten gains in health and education, the United Nations Development Programme (UNDP) said.
In its latest policy brief, the UNDP said the immediate socioeconomic impact of the crisis was projected to set back human development progress in the Philippines by the equivalent of “0.01 to 0.05 years” putting it on a “crisis path.”’
READ: IMF: High debt limits Philippine response to energy crisis
The impact could deepen substantially if the conflict drags on.
