The National Economic and Development Authority aims to reduce poverty rate to 9 percent over the next five years. Currently for the Philippines, the poverty rate remains high at 13 percent to 14 percent, based on data from the World Bank. Villegas said this means achieving a poverty rate of 0 percent to 4 percent, equivalent to the average of the Southeast Asian region.
“It’s about time even though late that we’re going to have our golden age and there’s a possibility that we will start that with the Marcos administration,” he said last Thursday during the Rotary Club of Manila’s weekly general meeting at the Manila Polo Club in Makati City. The Philippines can achieve its golden age starting with the Marcos administration if government agencies adopt world-class systems in agriculture and infrastructure, noted Harvard-educated economist Dr.
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