Poverty requires a comprehensive solution

The National Economic and Development Authority (NEDA) has stressed that the problem of poverty requires a comprehensive, multi-pronged, multi-sectoral solution involving many stakeholders.

Socio-economic Planning Secretary Arsenio Balisacan said that NED is making use of the current effort to update the Philippine Development Plan to effect a solution to the poverty incidence.

"This was a directive from the President and requires the participation of all government agencies, levels of government, private sector, civil society and others," said Balisacan.

"The poverty incidence demonstrates the diversity, not only of existing geo-economic conditions across regions, but also the different responses to policies on growth and development."

"We are serious about the fight against poverty and mindful of our commitments to the millennium development goals (MDG), Balisacan stressed.

He reiterated that with the various programs and projects put in place and with the help of everyone, particularly in government and business," we remain hopeful that the next round of results on poverty incidence would show substantial improvement."

While the economy grew by 6 percent in the second quarter 2012, NEDA noted that the agriculture sector growth had been slow-moving with a contraction in the fishery sector.

"Although this first semester result on poverty incidence is not the dramatic result we wanted, we remain hopeful that, with the timely measures we are now implementing, the next rounds of poverty statistics will give much better results that will reflect the government's massive investment in human development and poverty reduction, Balisacan added. (EHL)

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