Growth helps govt fulfill development goals

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BAGUIO CITY: The continued improvement of the economy has helped the government post achievements under the Millennium Development Goals (MDG), a ranking central bank official said.

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Bangko Sentral ng Pilipinas (BSP) Deputy Governor Diwa Guinigundo, in his presentation during the Economic Journalist Association of the Philippines (EJAP) forum on Saturday, said more people now have jobs thus, are able to provide for their families.

Eradicating extreme hunger and poverty is the first item in the government’s eight MDG goals.

Guinigundo said the government’s workers’ certification program, through the Technical Education and Skills Development Authority (TESDA), is a big help in upgrading the skills of Filipino workers.

“This is a good credential for you to be considered favorably,” he said.

The central bank official said the business process outsourcing (BPO), which is being considered as the sunrise industry, is also a big help in providing employment to Filipinos. The sector continues to increase its share in the country’s gross domestic product (GDP) as it is now being considered as among the key drivers of the economy.

He said the continued strengthening of the BPO sector also helps other industries, including the food sector as proven by the mushrooming of restaurants and coffee shops where BPO offices are located.

This partly addresses the twin problems of poverty and hunger at a “modest” rate, Guinigundo said.

“We still have a long way to go in terms of increasing our per capita income,” he admitted, but added that continued growth of the domestic economy along with reforms being implemented by the government will sustain these improvements.

PNA

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