PH to reduce poverty if growth sustained at 5-6%

BAGAC, Bataan: The Philippines can reduce poverty if it maintains economic growth of between 5 and 6 percent per year, a World Bank official told delegates at an Asia-Pacific Economic Conference (APEC) meeting here.

“If the Philippines is growing in the range of 5 to 6 percent, it can reduce poverty completely within the generation,” said Roger van den Brink, lead economist at the Poverty Reduction and Economic Management Department (PREM) for East Asia and the Pacific Region of the World Bank.