World Bank: PH to miss 2028 single-digit poverty goal

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 […]...

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