Philippines unlikely to cut poverty rate to single digits by 2028

Poverty incidence in the Philippines is unlikely to fall to the government’s single-digit target by 2028, the latest World Bank report showed. In its report “Building the Filipino Middle Class: Towards Resilient Futures and Poverty Eradication,” the World Bank projected the national poverty rate to drop to around 12.3% by 2028 “if the pre COVID […]