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Economy and development · report
Beyond the Numbers
Sustaining Poverty Reduction in BARMM (Philippines Economic Update, June 2024)
- Publisher
- World Bank
- Year
- 2024
- Language
- English
- Pages
- 82
- Availability
- Free to read
Published free: the link opens the whole book.
About the book
An edition of the World Bank's Philippines Economic Update whose special focus is poverty in the BARMM. It looks at how poverty in the region fell and what is needed to keep it falling.
This edition of the World Bank's Philippines Economic Update has 3 parts. Parts 1 and 2 cover the national economy and its outlook. Part 3 is a special study of poverty in the BARMM between 2018 and 2021.
It finds that poverty in the region fell by 24.6 percentage points over that time, against the national trend and during the pandemic. The report links the fall to the peace that came with the Bangsamoro Organic Law and to more public funds. Higher wages from a shift out of farming explain nearly 40% of the drop. Private and government transfers explain about half.
The BARMM is still the poorest region. It holds 4% of the country's people but 8% of its poor, and 36% of its people are near-poor. The report points to gaps in water, electricity and access to markets, and suggests ways to keep poverty falling.
From documents.worldbank.org.
Cover from the publisher’s PDF, shown to identify the book; its rights stay with the publisher.
On the same shelf
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The Minoritization of the Indigenous Communities of Mindanao and the Sulu ArchipelagoB. R. (Rudy) Rodil
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