The Philippines needs to invest up to 435.25 billion Philippine pesos (USD10.2 billion) on poverty reduction projects over the next five years if it is to boost its chances of meeting the first Millennium Development Goal on halving extreme poverty and hunger, the country’s social work and welfare department has noted. Among the priority projects that the Philippine government should support are those related to social pension, land distribution, microfinance, agrarian reform, water and sanitation and sustainable agriculture, the head of the department’s policy planning unit said, according to the Philippine Daily Inquirer.

About the author

  • Ivy Mungcal

    As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.