Success in reducing inequality and poverty in the Philippines and other East Asian countries hinges on providing the poor and the vulnerable with equal access to economic opportunities and basic services such as health and education, according to the National Economic and Development Authority (NEDA) during the World Banks high-level panel on Shared Prosperity, Inequality, and Poverty in East Asia and Pacific on October 10, 2014 at the World Bank Headquarters in Washington, D.C.. “Our country has made a deliberate effort to substantially increase spending for health and education, including the conditional cash transfer program. Our current fiscal space, which is a direct result of our institutional reforms, has allowed us to channel resources into human capital and support social protection programs,” said Balisacan. Link to full release: goo.gl/mwZkmZ Photo Credit: World Bank
Posted on: Wed, 15 Oct 2014 03:30:57 +0000
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